Wednesday, January 7, 2009

Nexant Acquires Excelergy

San Francisco-based Nexant, which provides energy grid management software and consulting, announced Wednesday that it has acquired Excelergy North America LLC and Excelergy BV, a developer of enterprise software applications for managing utility billing. Financial terms of the acquisition were ot disclosed. Excelergy is based in Lexington, Mass. Nexant said it would gain 45 new employees as part of the deal, which will make Excelergy a part of Nexant's Software and Information Systems unit.