Power-One acquires Fat Spaniel Technologies

CAMARILLO, USA: Power-One Inc., a leading provider of renewable energy and energy-efficient power conversion and power management solutions, announced that it has acquired the assets of Fat Spaniel Technologies Inc., a leading provider of lifecycle management software for renewable energy assets.

The acquisition extends Power-One's performance and technology advantage with its award winning inverters, while providing its customers with a stronger feature-set and enhanced system control to manage renewable energy assets, including solar installations. Financial terms of the transaction were not disclosed.

"Fat Spaniel is a market leader in enabling producers of renewable power to reliably and efficiently connect with the grid," said Dr. Alex Levran, president of Renewable Energy Solutions at Power-One. "This acquisition expands our broad array of features that provide greater system control and yield for our customers and enhances the value of Power-One's inverters as we expand our market opportunity and continue to gain share."

Power-One's inverters provide a single point of control between the solar panels and the grid and therefore represent a core asset in power generation system. By integrating Fat Spaniel's remote monitoring and asset management solution, Power-One increases the value of its inverters to its customers, capitalizes on a faster go-to-market strategy and gains a strong U.S. and worldwide customer base. The transaction also addresses Power-One's goal to strengthen its R&D team by adding experienced software engineers.

Fat Spaniel's software provides critical insight into revenue-generating renewable energy assets. The solutions identify and address problematic assets, allowing energy producers to increase energy harvest and performance ratios, cut the costs of operations & maintenance, reduce operational and financial risk, and improve return on investment. Fat Spaniel's web-based, automated monitoring and reporting software operates on a Software as a Service (SaaS) platform.

Power-One will continue to serve Fat Spaniel's customers and host its existing software solution.