GE Buys Out Opal Software
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General Electric Company (NYSE:GE) has acquired Opal Software, a company that designs engineering software for electric, gas, and water utilities. Opal’s software can quickly migrate data between multiple platforms. GE software can also be integrated into non-GE systems using Opal’s software.
Opal is based in Australia and will be rolled into GE’s Digital Energy business in the Asia-Pacific region. “Opal Software’s products and project management services are integral to the delivery of GE Energy projects,” stated GE general manager Matt McKenzie. “[They] will help secure GE as a smart grid technology leader and meet the needs of the fast-growing Asia-Pacific region.”