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ABB will pay $1 billion to pick up Atlanta-based Ventyx, a software provider that helps manage energy networks.
Ventyx focuses its software on asset management, mobile workforce management, energy trading and risk management, energy operations and energy analytics. It also produces software that plans and forecasts electricity needs, including renewables.
ABB will integrate its related network management business within the Power Systems division, with Ventyx to form a single unit for energy management software solutions. This deal triples the energy management software market available to ABB.
This move is an effort by ABB to make it a one-stop shop for the power industry.
“The big advantage for energy companies, utilities and industrial customers is that they will now have a single supplier of enterprise-wide information technology platforms and power automation systems,” said Joe Hogan, ABB’s chief executive.
Ventyx has an installed base in the U.S. market and Europe and operates in more than 40 countries. Its customers include power utilities in the United States and Europe as well as industrial businesses. The company employs 900 people and reported 2009 revenues of $250 million. Equity investor, Vista Equity Partners, owned Ventyx.
“Combining Ventyx’s leading software suite with ABB’s systems and unparalleled domain knowledge of the power industry will create a business that is ideally placed to offer solutions that will help to meet the challenges of rapidly evolving energy networks,” said Vince Burkett, Ventyx chief executive.
One of Ventyx’s key software applications gives utilities and grid operators the information they need to better match electricity generation with consumption, even at the household level. By generating real-time information on electricity demand, pricing and availability, Ventyx’s software enables a practical business model for utilities to generate revenues from smart grids and carbon trading.
Ventyx’s load forecasting software can also help to integrate large amounts of unpredictable renewable energies, such as wind and solar power. The company provides other asset management applications to fully integrate a utility’s business and enterprise systems across the entire value chain, and a comprehensive service suite to facilitate efficient resolution of network failures.

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