SAN FRANCISCO, May 5 evening news, according to foreign media reports, is headquartered in Zurich, Switzerland ABB power and automation technology group, agreed Wednesday to more than one billion U.S. dollars in cash from the U.S. private equity firm Vista Equity Partners acquired the software production Business Ventyx.
Two companies in a joint statement Wednesday, said, Ventyx Software customers include global energy, utilities, communications, and other asset-intensive enterprises, but also to provide electricity demand planning or forecasting software.
ABB said that this acquisition will enable the company's energy management software market share triple. CEO Joe - Hogan (Joe Hogan) said in a statement: "For energy companies, utilities and industrial customers, the biggest advantage is that they now have a cover enterprise-wide information technology platform and power system automation system, a single supplier. "
Ventyx is headquartered in Atlanta, its business covers more than 40 countries, has 900 employees and total revenue in 2009 was 2.5 million.
"Wall Street Journal," said Cisco, General Electric and IBM, the company is an active part in smart grid software market. (He Zhao)