(Source: Business Wire)

GridPoint, Inc., a leading smart grid company, today announced that it
has acquired ADMMicro, a leader in energy management systems for the
commercial and industrial (C&I) sector. The acquisition extends
GridPoint's smart
grid solutions to a broader customer base, further strengthening the
company's commitment to transform the distribution and consumption of
electricity.
"The smart grid cannot be fully realized without integrating intelligent
facilities that are equipped to automatically achieve optimum
efficiency," said Peter L. Corsell, CEO, GridPoint. "ADMMicro is an
innovative company that has established a leading position in a rapidly
expanding market segment. Our respective technologies are highly
complementary and will benefit producers and consumers of electricity
across the board."
ADMMicro helps clients cost-effectively manage their facilities to
increase energy efficiency. The Roanoke, Va.-based company's energy
management and submetering systems automatically monitor and control
energy consumption, including HVAC systems and lighting, and provide
customers with online reports.
ADMMicro's proven C&I systems, which are in use at thousands of sites
nationwide, will enhance GridPoint's portfolio of software solutions,
which aggregate and manage distributed sources of load, storage and
generation for utilities and their residential customers. GridPoint's
software allows utilities to efficiently balance supply and demand and
improve grid reliability and empowers consumers with user-friendly tools
to manage energy consumption.
The utility market remains a core focus for GridPoint, which will
continue to develop products and services that redefine relationships
between utilities and their customers. For example, the extension of
GridPoint's solutions into the C&I market creates new opportunities for
utilities to engage enterprise customers in demand response and load
reduction programs.
GridPoint's strength in data analytics and designing user interfaces
will further enhance ADMMicro's energy management offerings by enriching
the experience for customers, which include public sector and Fortune
500 businesses, including leading national retail, pharmacy and
restaurant chains.
"Our companies have a closely aligned vision, which involves empowering
our customers with visibility and control over energy consumption in
order to realize savings and lower their carbon footprint," said Don
Howell, CEO, ADMMicro.