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Smart grid VC crackling back to life

SUBNET Solutions Inc | Wednesday, November 28, 2012

After some experts feared a slowdown in the amount of mergers and acquisitions in the smart grid components industry, new research shows that M&A could be resurging in the sector with additional venture capital funding.

According to a new report from Mercom Capital Group, VC funding in the third quarter of 2012 hit $238 million in 12 deals, which was supported heavily by, a security and home automation company that raised $136 million in VC funding.

"The funding deal and the acquisition of Vivint for $2.2 billion by Blackstone Group is part of a growing trend where home security companies have expanded into home automation," said Raj Prabhu, Managing Partner at Mercom Capital Group. "We expect to see more transactions in this niche where security, cable and telecom companies expand their offerings to cover the whole 'connected or digital' home services which would include everything from communication and automation services to solar installations."

The need for more investment in smart grid technologies has been said by experts to be one of the biggest remaining hurdles on the route to major smart grid technology proliferation. SUBNET is also doing its part to modernize the aging North American electric grid by offering innovative interoperable solutions that will also be crucial for widespread adoption of smart grid systems. 

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