Power-One Buys Out Software Firm

Power-One Inc. acquired the assets of management software firm Fat Spaniel Technologies Inc., a move that will help the company gain market share. Terms of the deal between Camarillo-based Power-One and Fat Spaniel were not disclosed. The Fat Spaniel software allows energy producers to increase energy harvest and performance ratios, cut the costs of operations and maintenance, and reduce operational and financial risk. Combining the software with Power-One inverters increases the value of the inverters, capitalizes on a faster go-to-market strategy and gains a strong U.S. and worldwide customer base. “Fat Spaniel is a market leader in enabling producers of renewable power to reliably and efficiently connect with the grid,” said Dr. Alex Levran, President of Renewable Energy Solutions at Power-One. “This acquisition expands our broad array of features that provide greater system control and yield for our customers and enhances the value of Power-One’s inverters as we expand our market opportunity and continue to gain share.”