Energy management firm Schneider Electric has signed an agreement to acquire SolveIT Software, an Australian scientific software provider specializing in supply and demand chain optimization and predictive modelling.
SolveIT’s demand planning and forecasting tools aim to help industrial operations manage their end-to-end demand chain and execute optimized plans taking into account existing and future constraints such as impact of workforce variability and market conditions. The company’s tools also aim to help optimize production, storage, logistics and distribution activities by running predictive analysis and “what if” simulations.
SolveIT’s applications are currently in use at organizations including Rio Tinto, BHP Billiton and Xstrata. Schneider Electric says the acquisition should complement its existing production analytics tools in the mining, minerals, metals and general manufacturing sectors.
In May, Schneider announced it was to acquire M&C Energy Group, a company specialized in energy procurement and sustainability services for multinationals and small-to-medium-sized enterprises. UK-based M&C provides its customers with energy procurement, compliance and performance optimization services, mostly on a recurring subscription basis. The company has more than 500 employees including 300 energy specialists and an international presence with 21 offices across 15 countries, particularly in Europe and Asia-Pacific.
In 2011, Schneider bought a number of companies from across the cleantech spectrum.
In February, Schneider launched a range of energy management tools designed to marry up with Cisco products. Pairings include Schneider Electric StruxureWare for Data Centers Suite Cisco UCS Manager Plug-In – a product pairing aimed at improving energy efficiency and design of data centers. The announcement followed the launch of Schneider Electric Torana Application Server – a product which integrates Schneider Electric’s EcoStruxure architecture and the Cisco EnergyWise product.
A Groom Energy report released in March tipped the company as a future success in the enterprise smart grid market. Other than Schneider vendors C3, CA Technologies, ecova, EnergyCAP, EnerNOC, Lucid, Phoenix Energy Technologies, SCIenergy and Siemens were named as ones to watch due to their innovation, customer proof points, market momentum, product development and increased emphasis on enterprise-wide and multiple-site implementations, the report said.
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