Description:

The company delivers solutions, products, and services for the electric utility industry by enabling support for open international standards. The company has solutions installed and is operational in thousands of live power systems on six continents, enabling resilient, high-performance power system applications using widely-adopted international standards. The company’s protocol libraries are used in devices by all major vendors.

Key Aspects:

Industry leader in power systems communication protocols, including IEC 60870-6 and IEC 61850
Leading off-the-shelf products and source code provider for open standards-based electrical utility communications
Powerful and flexible analytic platform that enables the development of advanced solutions
Influential involvement in standards development
Excellent product quality and quality control
Outstanding customer support
Lean operations
Low employee turnover

Opportunities:

Increase standards-based consulting services for the IEC 61850 standard that is rapidly being adopted in the U.S. and for the Common Information Model that is being rapidly adopted in Europe
Company’s existing intellectual property enables efficient development of advanced utility modernization solutions
Derive solid baseline income from a set of mature core products and associated consulting and support services

Market Currently Served:

Electric utility companies, suppliers, vendors

Real Estate:

The company operates from a 10,000 sq. ft. facility it purchased in 2010. There is room to grow in the current location, which is about 50% occupied. The company is in the process of selling this facility and will lease back a portion needed for operations. Management indicates that most employees are currently working remotely and eventually the company will transition to a 100% remote working environment.

Ownership:

The employee-owned company is seeking a buyer to take advantage of the unique and robust intellectual property developed to usher in a new era of efficient and reliable utility solutions. The buyer has opportunities to grow market share and expand the business. The company is open to various deal structures.

Contact Matt Kekelis at 615.924.8950 or MKekelis@benchmarkintl.com and include the client code BN000040700.

Benchmark International

Benchmarks Exclusive Opportunities

Industry-leading Software Company Providing Solutions for the Electric Utilities Market Relating to International Standards – BN000040700

Industry-leading Software Company Providing Solutions for the Electric Utilities Market Relating to International Standards – BN000040700

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