Pittsburgh, PA, U.S.A. — (METERING.COM) — November 10, 2006 – Tollgrade Communications, a provider of network service assurance products and services for centralized test systems around the world, has joined in the Series C investment round for BPL Global, a provider of smart grid technologies and broadband services over power lines.
“Improving reliability of electricity through smart grid technologies and managing the quality of broadband communications over power lines are attractive emerging markets,” said Mark B. Peterson, President and CEO for Tollgrade Communications. “Given our presence in the service assurance marketplace for cable and telephone companies, this investment makes great sense for Tollgrade.”
BPL Global forms joint ventures with utilities and Internet service providers, providing data, voice and eventually video broadband services over power lines to multi-occupancy buildings and consumers, while ensuring heightened reliability and efficiency of utility grids through smart grid initiatives. Smart grid applications include demand and load management, outage management, grid monitoring and device control, and energy theft prevention.
“As a global leader in network test and measurement products, Tollgrade Communications is a much-welcomed new strategic investor in BPL Global,” said Keith Schaefer, CEO of BPL Global.
The Series C funding was announced in September; it totals $25 million and is led by a consortium of Kuwaiti-based companies.