GE Snaps Up Opal Software for the Smart Grid

▤ Summary

Opal Software’s applications and services help utilities manage the process of building, integrating, changing and testing of their so-called SCADA networks. Earlier this year, the company announced a $200 million smart grid fund — in conjunction with a few venture capitalists — that’s meant to award funds to innovative smart grid ideas and projects. In fact, the smart grid is one of the best places to get your software startup acquired this year. The Australian government has enacted a national broadband plan, which includes investments into countrywide smart grid networks, and has turned Australia into one of the most active smart grid markets in the world. For more research on the smart grid check out GigaOM Pro (subscription required):

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