In relation to UtiliPoint, WeatherWise will provide additional resources to advance opportunities through software for Smart Grid applications and solutions, as well as driving analytics around Smart Meter data management.
WeatherWise specializes in providing customized consumer energy products including SetYourBill payment systems, WeatherProofBill fixed bill and capped bill products, EnerCheck energy efficiency and carbon footprint reporting, and billing support services.
Midas says the acquisition of WeatherWise enables the company “to more effectively increase participation in the digitization of the electrical grid and offerings of energy efficient IT infrastructure for data centers.”
Nana Baffour, Midas CEO and Co-Founder, says, “On behalf of our board and management team, I am pleased to announce Midas’ acquisition of WeatherWise. Following our recent merger with Consonus in March, this acquisition will set the stage for additional synergies between our Consonus and UtiliPoint brands as we look to capitalize on energy efficiency opportunities that span our core disciplines in the energy sector and data center IT infrastructure. This new milestone represents a further step towards our goal of transforming Midas into an organization with a focus on both green IT and Smart Grid solutions throughout the United States, and around the world.”
The acquisition of WeatherWise’s also gives Midas access to its proprietary software, which uses algorithms to model the energy consumption of commercial and residential customers.
Johnson Kachidza, Midas President, CFO and Co-Founder calls the operational benefits of the acquisition “significant and include: specialized technical resources, excellent market perception, a strong management team and a robust intellectual property portfolio. Through this most recent transaction, Midas is meeting its goal of capitalizing on opportunities at the intersection of energy and technology as we continue to expand through both organic growth and acquisitions.”
For more information, visit www.midasmedici.com.