Midas Medici Announces New UtiliPoint Analytics Service to Support Its Smart Grid Mission

  • Posted on: 19 June 2011
  • By: chw staff

Midas Medici Group Holdings, an innovative green IT company in the fields of virtualization, cloud computing and data management, as well as Smart Grid solutions, today announced that its UtiliPoint brand has launched its latest service offering, UtiliPoint Analytics; sophisticated methodology and tools to advance Smart Grid applications, Smart Meter data management, and data center efficiency solutions.

"Through our UtiliPoint brand, Midas Medici's mission is to advance Smart Grid solutions through custom research, market data and management, technology and policy consulting services both domestically and internationally," stated Nana Baffour, CEO and Co-Founder of Midas Medici. "By launching UtiliPoint Analytics, which was made possible after rebranding and repositioning our acquisition of WeatherWise in May, Midas is able to further leverage its Consonus and UtiliPoint brands as we set out to monetize the various sophisticated technologies at our disposal."

"UtiliPoint Analytics will provide additional resources to expand opportunities through software for Smart Grid applications and solutions, as well as drive analytics around Smart Meter data management," said UtiliPoint COO and Managing Director Bob Bellemare.

Using sophisticated heuristic algorithms to analyze the energy consumption data of commercial and residential customers, we believe that the accuracy of the models surpasses the most advanced methods currently available to energy companies from academic and research institutions. This accuracy is especially important in the reduction of risks and costs, improving the clarity in observation of consumer behavior changes.

UtiliPoint Analytics encompasses rate/pricing design, fixed bill and capped bill products, advanced budget billing, business/asset valuation and program support services. Also included, is patented energy efficiency and carbon footprint monitoring.

"This is an exciting opportunity for our experts to enter the rapidly growing world of grid digitization and to assist our clients with managing, analyzing and making meaningful use of the massive amounts of data being generated by Smart Grids," said Managing Director of UtiliPoint Analytics, Rand Warsaw.