Teldata Acquires FirstPoint Utility Solutions Inc.
Teldata Inc., a utility information technology company specializing in strategic metering systems and revenue-cycle services for electric, gas and water utilities and commercial end-users, has acquired FirstPoint Utility Solutions Inc. from Enron Oregon Services Inc., a wholly owned subsidiary of Enron Corp.
FirstPoint offers a full range of revenue-cycle services, including meter installation, meter data collection and management, systems integration and complex billing services to wholesale customers such as utilities and other energy service providers. Enron will continue to offer metering, billing and information services to retail customers through Enron Energy Services. FirstPoint is certified in California as a Meter Data Management Agent (MDMA) and a Meter Service Provider (MSP).
“The acquisition of FirstPoint will enable Teldata to offer a broader spectrum of products and services, and to more aggressively enter emerging energy markets,” said Donna Salvatore, Teldata president and CEO. “FirstPoint has established a head start in the new era of deregulation as one of the few companies certified to provide MSP and MDMA services in California. These capabilities greatly enhance our combined opportunities, not only in California, but in other areas of the country as well.”
“We are very pleased with the FirstPoint team and their capabilities,” Salvatore said. “The FirstPoint acquisition brings with it an experienced management team, strong individual backgrounds in the electric utility industry, open market experience and proven technologies,” she added.