Atlanta, GA, Sept. 6, 2007 — Ventyx, a private utility software provider, announced that it has acquired NewEnergy Associates, a provider of energy planning software and consulting. As a result of the acquisition, NewEnergy will be merged with the recently acquired Global Energy Decisions.
NewEnergy Associates, acquired from Siemens Power Generation (SPG), provides a portfolio of integrated planning, forecasting, operations and trading software, as well as consulting services. The company’s energy planning and operations systems are designed to enable lower implementation costs, quicker speed to market, business transparency and reduced support needs.
NewEnergy Associates will be merged with Ventyx Global Energy Decisions as an operating business of Ventyx, and its employees and management team will continue to support the development and deployment of its current software, data and services solutions. NewEnergy management will also play roles in the future of the Ventyx organization, said the company. NewEnergy President and CEO Deane S. Price will lead the newly combined business as general manager. Price will report directly to the board of the combined business, which will be led by board chairman Ron McMahan, as well as to Ventyx president and CEO Greg Dukat. Global energy decisions president Dan Drechsel will continue to serve the company for an interim transition period, after which he will leave to pursue other interests.
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