SILICON ENERGY ANNOUNCES THE ACQUISITION OF EPS SOLUTIONS INCORPORATED -- Internet-Based Rate Engine Software and Rate Services
ALAMEDA, Calif. (Oct. 31, 2000) - Silicon Energy, a provider of Internet-based energy technology software, announces the acquisition of EPS Solutions Incorporated, an energy rate software and information company headquartered in Excelsior, Minnesota.
The acquisition of EPS Solutions is a natural progression of the established working relationship between the two companies. Through its Rate Engine software and Rate Services, EPS Solutions currently provides energy rate information and analysis capabilities to Silicon Energy's EEM Suite* Cost Analyst module. EPS Solutions has begun using the Silicon Energy name, and its base of operations for its rate services and rate software will continue to be located in Excelsior, Minnesota.
About Silicon Energy Silicon Energy Corp., a developer and seller of Internet-based energy technology software that enables enterprises to reduce energy costs and related expenditures, is a privately held technology company based in Alameda, Calif. Silicon Energy's EEM Suite* is an integrated collection of software modules that enables enterprises and energy service providers to efficiently manage consumption, procurement and distributed energy assets. Silicon Energy allows real-time analysis and intelligent control over enterprise-wide energy usage, as well as comprehensive reporting and monitoring capabilities. In addition to its software, Silicon Energy offers professional and maintenance services designed to provide ongoing support to its installed base. Silicon Energy also offers subscription-based Management Service Provider (MSP) services that deliver hosted access to the EEM Suite* and content and integrated bill management services. For more information visit http://www.siliconenergy.com. # # #
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