GridPoint, Inc. has announced that it has acquired Roanoke based ADMMicro Inc, an energy management systems company 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 company’s energy management and submetering systems automatically monitor and control energy consumption, including HVAC systems and lighting, and provide customers with online reports. The company’s 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 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. “We look forward to participating in GridPoint’s exciting mission to enable the smart grid.”
GridPoint pointed out that it values ADMMicro’s leadership role as a high-tech innovator and employer in the Roanoke area and will continue its operations there. ADMMicro has been featured in Fortune magazine and was recognized with a 2009 Rising Star Award by the NewVA Corridor Technology Council, which serves the growing technology industry in the region encompassing Roanoke, Blacksburg and surrounding counties.
