Redwood City, CA, U.S.A. and Concord, ON, Canada --- (METERING.COM) --- October 2, 2007 – Trilliant Networks, Inc., a provider of advanced metering infrastructure (AMI) based on open standards, and OZZ Corporation, a provider of metering and energy management services to North American electric and gas utility markets, have announced completion of an agreement to merge operations. The new unified business, Trilliant Incorporated, will provide utilities with comprehensive solutions and services supporting advanced metering, demand response and grid management programs. In combination with the transaction to merge with Trilliant Networks, OZZ Corporation also announced it has sold its Comfort Solutions business to Alinda Capital Partners LLC, providing for a sole focus on utility advanced metering solutions and services.
The combined company, headquartered in Redwood City, California, has more than 350 employees with major facilities in Concord, Ontario and Granby, Quebec and more than 3 million meters under contract. A veteran management team of Trilliant Networks, Inc. and OZZ Corporation executives, including Bill Vogel, president and CEO; Paul Begin, CFO; Geoff Williamson, CMO; and Brian Pollom, vice president of customer programs, will continue to provide leadership for the newly formed company.
"OZZ Corporation has enjoyed a long history with Trilliant Networks, both as a partner and an investor," said Steven Muzzo, executive chairman of the board for Trilliant Inc. and former CEO and chairman of OZZ Corporation. "Under the strong leadership of the new executive team Trilliant is set to deliver increased value for customers and shareholders."
"The utility industry is transforming mission-critical processes associated with energy services, adapting to an increasingly constrained market while implementing support for the green economy," said Bill Vogel, president and CEO of Trilliant Inc. "These transformation initiatives require infrastructure technology as well as expertise ranging from outsourcing of revenue-cycle services to network and meter installation, systems implementation and program management. This merger builds on the company's legacy as a trusted business partner for utilities while continuing support for open standards and choice demanded by the market."