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Financial details of the acquisition werenot Lixar’s energy business provides energy management softwared that integrates with utility companies’ grid management It also provides online, consumer-facing softwarre so that utility companyh customers can learn about and meet energy efficiency “Unique features include the ability to updatre energy profiles and control real-timde events through smart phones, including iPhonse and BlackBerry devices,” according to company officials. A venture-backedd company, GridPoint has raised about $220 million since its inceptiojn in November 2003 from investorsincluding D.C.
-basee Advantage Capital Partners, Denver-based Altirsa Group, Contango Capital Management and the Quercus GridPoint’s acquisition enhances its software offering and givesd the Arlington company a Canadian presence. “W welcome Lixar’s talented software developers, whosre work has been very well-received by the said Peter Corsell, GridPoint’s chief executive. GridPoint also has namerd John Spirtos, former senior vice presidenftfor Wakefield, Mass.-based Comverse Technology Inc. and Sterling-based Neustarf Inc. to lead the company's corporate development, includiny partnerships and mergers andacquisitione activity.
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