Itron acquires lineSoft

Itron, Inc., a leading technology provider and source of knowledge to the energy and water industries for collecting, analysing, and applying critical data about electric, gas, and water usage, has announced an agreement to acquire LineSoft Corporation for $42 million in cash and stock.

LineSoft, based in Spokane, Washington, is a provider of software solutions and engineering consulting services for optimising utility transmission and distribution systems.