Trilliant has acquired 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 optimise an entire utility value chain.
Headquartered in Bogota, Colombia, PrimeStone has a customer base that reaches across the globe and a strong presence across North America with Investor-Owned Utilities (IOUs), federal agencies and cooperatives in the United States, Canada, and Mexico.
The company’s reach further extends into Asia and Africa, bringing a robust presence that strengthens Trilliant’s position within the global energy industry.
The software solutions that Trilliant has acquired provide a highly scalable and configurable data analytics technology that can accurately read, store, and analyse 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.
Andrew White, chairman and CEO of Trilliant, said: “PrimeStone has developed an incredible set of data analytics 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.
“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.”
Carlos Ibanez head of PrimeStone, adds: “For Trilliant, this acquisition meets the need of many prospects and customers by providing them with even greater data intelligence into their systems.
“Trilliant’s platform is strengthened by the acquisition and will greatly benefit customers globally. We are excited about our future! “