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TMCNet:  Nexant Acquires Energy Consultants Freeman, Sullivan & Company

[January 09, 2014]

Nexant Acquires Energy Consultants Freeman, Sullivan & Company

SAN FRANCISCO --(Business Wire)--

Nexant, the global energy software and services firm, announced today that it has acquired the San Francisco-based energy consultants Freeman, Sullivan & Company (FSC).

FSC has been at the forefront of integrating demand response into utility smart grid initiatives, complementing core areas of Nexant's software solutions and consulting services. FSC's expertise and reputation for excellence in the design and evaluation of behavioral interventions and demand response programs are critical to delivering strategic planning services to utility clients in today's rapidly changing utility industry environment. In addition, its ability to deliver "big data" solutions to both utilities and regulators facilitates accurate evaluations of the behavior of customers participating in utility energy savings programs.

Joining Nexant as part of the acquisition are founder and Chairman Michael Sullivan and CEO Stephen George.

"We are very pleased and delighted that Michael Sullian, Stephen George, and the other outstanding employees of FSC are joining Nexant," said Nexant CEO Basem Sarandah. "Having them on board not only adds deep and highly valued domain experience in demand response planning and behavioral sciences, it also significantly strengthens Nexant's software solutions-particularly Nexant iEnergy®-that enable utilities to manage all of their demand side management programs on a single platform."

"Nexant and FSC share a common bond and parallel experience in many areas that are critical for utilities, energy regulators, and energy end-users," said Sullivan. "In addition to our professional synergies, Nexant and FSC share strong relationships with many North American-based clients looking for expertise in both demand and grid management. We are excited about joining Nexant and see great opportunities to combine FSC's expertise in utility economics and consumer behavior with Nexant's software development and support capabilities to create consumer engagement solutions for the utility industry. Nexant's iEnergy platform is the absolute state of the art for engaging consumers in identifying and adopting energy saving products and services. We think we can make it even more effective by integrating it with modern behavioral interventions and gamification."

Nexant's demand side management solutions encompass a full range of software and services-from planning, design, management, and evaluation to customer and trade ally engagement. To date, the company has worked closely with more than 300 utilities worldwide providing demand management software and/or designing and implementing demand management programs.

ABOUT NEXANT

Nexant is a global energy industry leader, offering a comprehensive suite of best-in-class advisory services and software solutions designed to transform utility business processes, support implementation of smart grid and demand side initiatives, and provide energy industry and technology insights. Over the last decade, it has been developing and commercializing technology solutions and offerings-such as Nexant iEnergy®, Nexant Grid360™, Nexant iHedge®, Nexant RevenueManager®, and NexantThinkingTM-that enable utilities, power producers, and energy resource companies to improve operational and financial efficiency, reduce risk, and enhance customer engagement across the energy value chain.


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