GE Acquires Opal Software - Strengthens Smart Grid Software Portfolio
ATLANTA -14 October 2010 - GE (NYSE: GE) has expanded its smart grid software portfolio with the acquisition of data migration and SCADA simulation specialists Opal Software. The acquisition allows GE's Digital Energy business to deliver greater operational and network productivity to utility customers and increase the development speed and delivery of new solutions-securing GE as a smart grid technology leader. In addition, the Australia-based Opal Software team will improve GE's ability to support growth in the Asia Pacific region by providing increased local workforce and technology.
"GE's acquisition of Opal Software formalizes an already strong relationship," said Bill Tarlinton, chief executive officer for Opal Software. "We are proud to be a part of GE Energy, and look forward to offering smart grid solutions to the regional and global marketplace."
Opal Software is a well-respected specialty software designer, supplying professional engineering services and SCADA and DMS software products to electricity, water and gas utilities. Opal Software's data migration capabilities are able to switch quickly between multiple platforms, easily integrating GE software into non-GE systems to provide greater flexibility and more options for customers.
"Opal Software's products and project management services are integral to the delivery of GE Energy projects," said Matt McKenzie, general manager, Asia region for GE's Digital Energy business. "By bringing Opal Software's proven technologies together with GE's solution platforms, our talented teams will drive the next wave of software solutions. Opal Software will help secure GE as a smart grid technology leader and meet the needs of the fast-growing Asia Pacific region."
Opal Software's employees will join GE's Digital Energy business and the Asia Pacific team.
About GE
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's website at www.ge.com.
GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $40 billion, GE Energy www.ge.com/energy is one of the world's leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy-GE Power & Water, GE Energy Services and GE Oil & Gas-work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.
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