GE Buys Out Opal Software

Posted Oct 19, 2010

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.?