ESCO Technologies Inc., a US-based vendor, has acquired Nexus Energy Software Inc., citing this as an important step in ESCO’s drive to extend its reach in advanced metering. Nexus is a software company that supports utility operations such as complex billing, revenue protection, customer service and demand response through its meter data management products. Over 80 utilities presently use Nexus software solutions.
Nexus will be led by the existing management team and will operate as a stand-alone subsidiary of ESCO. It will continue to serve its customers, and will collaborate with DCSI, ESCO’s utility communications business. ESCO says that the information management capability that Nexus brings to the data collected in advanced metering is the key to unlocking the value, and that future opportunities have been created by the acquisition.