Olameter acquires MeterSmart’s MDM division


Montreal, Canada — (METERING.COM) — October 13, 2008 – Olameter Inc. has announced that it has acquired the Meter Data Management division of business and system integration solution provider MeterSmart L.P.

The acquisition has enabled Olameter to expand its suite of utility-focused IT solutions, including consulting, field services, and meter shop services, with meter data management, verification, estimation, and editing (VEE), and settlement services.

MeterSmart will remain in operation to provide services surrounding their advanced customer program management platform, Encentra.

To ensure a comprehensive and seamless service transition, Olameter has acquired all associated MeterSmart resources and retained existing employees. Olameter has established its U.S. corporate headquarters in Arlington, Texas, including a complete data center. This acquisition will strengthen Olameter’s North American market position to include over 100 clients within 36 U.S. states, four Canadian Provinces, and Mexico.

“The products and services that MeterSmart provided were well known and respected throughout the market,” commented Jan Peeters, Olameter’s CEO. “Given the relationship to Olameter’s existing core competencies, we are certain of our position to provide these clients with quality service, and that this acquisition will allow us to expand our offerings to meet a wider array of industry requirements.”

John Feltis, Olameter’s vice president of business development and meter services added, “This acquisition not only enhances our portfolio, but aligns with our corporate objective of expansion across North America.”