Edsa Power System Software
Digital Power Capital acquires EDSA. EDSA develops power analytics software solutions for the design, simulation, deployment, and preventive maintenance of electrical power systems.
SAN DIEGO--(BUSINESS WIRE)--EDSA Micro Corp. (www.edsa.com) – the leading developer of power analytics solutions for the design, testing, and diagnosis of complex electrical power systems – today announced that majority ownership of the Company has been acquired by Digital Power Capital, an affiliate of Wexford Capital LLC. Digital Power Capital invests in technologies that optimize energy production, distribution, transmission, and storage.
Digital Power Capital took a minority investment position in EDSA in 2005. Mark A. Ascolese joined the Company’s Board of Directors in 2006 on behalf of Digital Power Capital and has served as an advisor to the company since that time. As a result of today’s announcement, Mr. Ascolese will assume the role of Chairman and Chief Executive Officer of EDSA. He is recently retired from Eaton Corp., where he served as president of Eaton Electrical’s Powerware® business. Previously, Mr. Ascolese held a range of executive-level positions at General Electric Co., where he worked for 12 years. He is a graduate of the University of Louisville’s School of Business, GE’s Crotonville Executive Management Program, and the Duke University Management Program for Midsize Business.
EDSA’s present management team will remain largely intact: current Chairman and CEO, Ali Nasle, will remain with the Company in a senior advisory capacity, while Adib Nasle will remain with the Company in the newly-created role of Chief Strategy Officer. Other members of the current leadership team – in product development, training, consulting, sales, marketing, and other key areas – will continue in their present roles.
Edsa Electrical
Similarly, EDSA will continue in its traditional core competencies – software for power systems infrastructure design and simulation; software for power systems infrastructure diagnostics and maintenance; and power systems consulting services and training – with increased emphasis on helping customers achieve their energy management and environmental responsibility goals. Traditionally, EDSA users’ sole priority was uptime, but today – with rising energy costs and the public demand for “green” facilities in their communities – the costs and environmental impact of powering their operations are equally pressing priorities for companies.
“Having been a member of EDSA’s board, I am very energized about the Company’s technology, personnel, and prospects for success,” said Mr. Ascolese. “Under Mr. Nasle‘s leadership, EDSA has proven itself to be the industry’s leading technology innovator in power systems software; my mission is to build the business infrastructure around that technology that will bring its benefits to the mission-critical industries that stand to benefit most.”
About EDSA Micro Corporation
EDSA develops power analytics software solutions for the design, simulation, deployment, and preventative maintenance of complex electrical power systems. Founded in 1983, the Company’s Paladin® software products are used by thousands of commercial, industrial, governmental, and military customers worldwide, to protect more than $100 billion in customer assets. Headquartered in San Diego, Calif., the Company’s worldwide operations include 40 sales, distribution, and support offices located throughout North America, South America, Europe, Asia, and Africa. For more information about EDSA and its products, visit www.edsa.com.
About Digital Power Capital
Digital Power Capital (DPC) is an affiliate of Wexford Capital LLC, a Greenwich, CT based investment advisor that manages a series of affiliated private equity and hedge funds. DPC invests in the new technologies that arise from the convergence of power and the tools, materials and software of the digital age. Digital power technologies permit faster, smaller, and more efficient power generation, conversion, transmission, and storage in every aspect of the economy. DPC focuses on leading-edge energy and power conversion technologies. For more information, visit www.digitalpower.com.
EDSA and Paladin are registered trademarks of EDSA Micro Corporation; Paladin Live is a trademark of EDSA Micro Corporation. All other trademarks are the property of their respective holders.
Though it contains hundreds of new features and functions, Paladin DesignBase 3. Moreover, because 80 percent of electrical power problems originate. A free, day downloadable trial version is also available for qualified prospective users; for more information visit the EDSA web site. For a limited time, the Company is offering power systems designers a day free trial of this new version, as well as complimentary enrollment in its three-day power systems modeling training course in San Diego in February for all new customers. Along with accounts receivable and accounts payable, My Cart Books Online Training. The linear profile rails are mounted to a machined aluminum base, which offers support over the entire travel of the table’s carriage.
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Software solutions
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PALADIN DESIGNBASE – Trademark Details
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Electrical Power System Software
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