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GE Acquires Opal Software a" Strengthens Smart Grid Software Portfolio

^{Published on 2010-10-14 07:20:45 - Market Wire}
 

ATLANTA--([ BUSINESS WIRE ])--GE (NYSE: GE) has expanded its smart grid software portfolio with the acquisition of data migration and SCADA simulation specialists Opal Software. The acquisition allows GEa™s Digital Energy business to deliver greater operational and network productivity to utility customers and increase the development speed and delivery of new solutionsa"securing GE as a smart grid technology leader. In addition, the Australia-based Opal Software team will improve GEa™s ability to support growth in the Asia Pacific region by providing increased local workforce and technology.

"Opal Softwarea™s products and project management services are integral to the delivery of GE Energy projects"

aGEa™s acquisition of Opal Software formalizes an already strong relationship,a said Bill Tarlinton, chief executive officer for Opal Software. aWe are proud to be a part of GE Energy, and look forward to offering smart grid solutions to the regional and global marketplace.a

Opal Software is a well-respected specialty software designer, supplying professional engineering services and SCADA and DMS software products to electricity, water and gas utilities. Opal Softwarea™s data migration capabilities are able to switch quickly between multiple platforms, easily integrating GE software into non-GE systems to provide greater flexibility and more options for customers.

aOpal Softwarea™s products and project management services are integral to the delivery of GE Energy projects,a said Matt McKenzie, general manager, Asia region for GEa™s Digital Energy business. aBy bringing Opal Softwarea™s proven technologies together with GEa™s solution platforms, our talented teams will drive the next wave of software solutions. Opal Software will help secure GE as a smart grid technology leader and meet the needs of the fast-growing Asia Pacific region.a

Opal Softwarea™s employees will join GEa™s Digital Energy business and the Asia Pacific team.

About GE

GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the worlda™s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's website at [ www.ge.com ].

GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $40 billion, GE Energy [ www.ge.com/energy ] is one of the worlda™s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energya"GE Power & Water, GE Energy Services and GE Oil & Gasa"work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.