Seattle, February 9, 2010 — Calico Energy Services and Invaluable Technologies announced the completion of their previously announced merger.
The merger combines Calico’s managed energy storage solutions with Invaluable Technologies’ demand side management solutions and moves the combined company into the execution phase of their platform strategy to deliver a complete energy supply and demand lifecycle management system to customers.
The combined company will operate as Calico Energy Services, but will maintain the Invaluable Technologies name for a period of time in order to transition the excellent reputation the company has established with customers and industry partners.
All of the Invaluable Technologies employees will continue in their roles at the combined company. In addition, Matthew Burkmier will join the Calico Board of Directors and will serve as the Company’s Chief Technology Officer.
Calico Energy Services provides utilities and independent power producers (IPPs) with a complete platform for managing today’s growing energy demand and tomorrow’s energy challenges. Calico’s flagship product, the Energy Intelligence Suite (EIS) is a secure, cloud-based energy management platform that provides turnkey energy services and improves the way utilities and their customers work together.
EIS modules deliver end-to-end energy solutions that enable energy efficiency, demand side management, peak-time load management, renewable energy integration, and a broad variety of power supply and optimization solutions for a more sustainable future.
The core focus of the EIS platform is to provide sustained power for utilities during peak demand cycles; demand-side management solutions through commercial and residential device control; the ability to integrate intermittent renewable energy technologies such as wind and solar and convert them into reliable baseline energy sources; on-demand/fail-over power services designed to eliminate costly standby generation for utilities; and monitoring and certification of facility compliance with energy efficiency programs (ENERGY STAR and LEEDs).