Trilliant Acquires PrimeStone, Bolstering Intelligent Data Service Capabilities, Expanding Geographic Footprint and Empowering Customers with Deeper Business Insight
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The acquisition enables Trilliant to immediately begin delivering intelligent data and analytics across the entire utility value chain
CARY, N.C.--(BUSINESS WIRE)-- Trilliant, a leading international provider of utility solutions for advanced metering and smart grid systems, today announces the acquisition of PrimeStone, a privately owned intelligent data collection and analytics company. The acquisition expands Trilliant’s purpose-built product suite to include a robust data solution that has the power to optimize an entire utility value chain.
“PrimeStone has developed an incredible set of data solutions that complements and enhances the power of Trilliant’s existing technology and is only enhanced by their dynamic team that is dedicated to excellence,” says Andrew White, chairman and CEO of Trilliant. “This strategic acquisition expands Trilliant’s ability to provide customers with an end-to-end solution that not only provides immediate value to their end users, but allows for deeper insight into their business, ultimately creating new avenues for data-backed decision making.”
Headquartered in Bogota, Colombia, PrimeStone is the Latin American industry leader in data collection and analytics and has a customer base that reaches across the globe. PrimeStone has a strong presence across North America with Investor-Owned Utilities (IOUs), federal agencies and cooperatives in the United States, Canada, and Mexico. Their reach further extends into Asia and Africa, bringing a robust presence that strengthens Trilliant’s position within the global energy industry.
“For Trilliant, this acquisition meets the need of many prospects and customers by providing them with even greater data intelligence into their systems,” says Carlos Ibanez head of PrimeStone. “Trilliant’s platform is strengthened by the acquisition and will greatly benefit customers globally. We are excited about our future!”
The software solutions that Trilliant has acquired provide a highly scalable and configurable technology that can accurately read, store, and analyze data retrieved from industrial, commercial, and residential metering devices. PrimeStone, like Trilliant, has developed solutions that are endpoint agnostic, allowing customers the flexibility of choice in terms of their hardware. This software is synergistically aligned with Trilliant’s core business and provides customers with the market’s most intelligent communication and software solutions.
Trilliant® empowers the energy industry with the only purpose-built communications platform that enables utilities and cities to securely and reliably deploy any application – on one powerful network. With the most field-proven, globally compliant solution in the market, Trilliant empowers you by connecting the world of things®. www.trilliant.com
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