Meter giant Landis+Gyr has snapped up smart meter data management company Ecologic Analytics, the companies announced on Tuesday. Ecologic Analytics has been around for over a decade, and Landis + Gyr was already a minority shareholder in the firm. Terms of the deal were not disclosed.
Ecologic Analytics makes software that manages all the data that comes off smart meters and is crunched in utilities’ data centers (these are commonly called meter data management systems, or MDMS). The company has a long list of utilities it worked with including Oncor, PG&E, Austin Energy, Indianapolis Power & Light Company (IPL) and Puget Sound.
Ecologic Analytic’s biggest competitor eMeter got acquired by Siemens just last month, and Ecologic Analytics was my number one startup to watch in 2012, because the market had clearly heated for an acquisition by Landis+Gyr.
All utilities building smart grids and using smart meters need an MDMS system, and eMeter and Ecologic Analytics were the independent leaders. As more utilities build out digital grids, there will be an influx of data and utilities will increasingly need software and analytics to manage and find value in this data.
Swiss smart meter and networking company Landis+Gyr itself has been acquired by Japanese giant Toshiba, which is looking to morph into “the world’s Smart Grid leader.” Globally, smart meters are supposed to be a $3.9 billion industry by 2015, with 250 million meters installed.