the global energy software and services firm, announced today that it
has acquired the San Francisco-based energy consultants Freeman,
Sullivan & Company (FSC).
FSC has been at the forefront of integrating demand response into
utility smart grid initiatives, complementing core areas of Nexant's
software solutions and consulting services. FSC's expertise and
reputation for excellence in the design and evaluation of behavioral
interventions and demand response programs are critical to delivering
strategic planning services to utility clients in today's rapidly
changing utility industry environment. In addition, its ability to
deliver "big data" solutions to both utilities and regulators
facilitates accurate evaluations of the behavior of customers
participating in utility energy savings programs.
Joining Nexant as part of the acquisition are founder and Chairman
Michael Sullivan and CEO Stephen George.
"We are very pleased and delighted that Michael Sullian, Stephen
George, and the other outstanding employees of FSC are joining Nexant,"
said Nexant CEO Basem Sarandah. "Having them on board not only adds deep
and highly valued domain experience in demand response planning and
behavioral sciences, it also significantly strengthens Nexant's software
solutions-particularly Nexant iEnergy®-that enable utilities to manage
all of their demand side management programs on a single platform."
"Nexant and FSC share a common bond and parallel experience in many
areas that are critical for utilities, energy regulators, and energy
end-users," said Sullivan. "In addition to our professional synergies,
Nexant and FSC share strong relationships with many North American-based
clients looking for expertise in both demand and grid management. We are
excited about joining Nexant and see great opportunities to combine
FSC's expertise in utility economics and consumer behavior with Nexant's
software development and support capabilities to create consumer
engagement solutions for the utility industry. Nexant's iEnergy platform
is the absolute state of the art for engaging consumers in identifying
and adopting energy saving products and services. We think we can make
it even more effective by integrating it with modern behavioral
interventions and gamification."
Nexant's demand side management solutions encompass a full range of
software and services-from planning, design, management, and evaluation
to customer and trade ally engagement. To date, the company has worked
closely with more than 300 utilities worldwide providing demand
management software and/or designing and implementing demand management
Nexant is a global energy industry leader, offering a comprehensive
suite of best-in-class advisory services and software solutions designed
to transform utility business processes, support implementation of smart
grid and demand side initiatives, and provide energy industry and
technology insights. Over the last decade, it has been developing and
commercializing technology solutions and offerings-such as Nexant
iEnergy®, Nexant Grid360™, Nexant iHedge®, Nexant RevenueManager®, and
NexantThinkingTM-that enable utilities, power producers, and
energy resource companies to improve operational and financial
efficiency, reduce risk, and enhance customer engagement across the
energy value chain.
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