Digital Power Capital acquires power systems software vendor

Developer of power analytics solutions for complex electrical power systems under new management.


San Diego, CA-- EDSA Micro Corp., a developer of power analytics solutions for the design, testing, and diagnosis of complex electrical power systems, has announced that majority ownership of the company has been acquired by an affiliate of Wexford Capital LLC, Digital Power Capital, which invests in technologies that optimize energy production, distribution, transmission, and storage.

EDSA's present management team will remain largely intact. Current chairman and CEO Ali Nasle will remain in a senior advisory capacity, while Adib Nasle will assume the newly-created role of chief strategy officer.

Digital Power Capital took a minority investment position in EDSA in 2005.held a range of executive-level positions at General Electric Co. He is a graduate of the University of Louisville's School of Business, GE's Crotonville Executive Management Program, and the Duke University Management Program for Midsize Business.

"Having been a member of EDSA's board, I am very energized about the company's technology, personnel, and prospects for success,” said Ascolese. "Under Mr. Nasle's leadership, EDSA has proven itself to be the industry's leading technology innovator in power systems software. My mission is to build the business infrastructure around that technology that will bring its benefits to the mission-critical industries that stand to benefit most.”

EDSA will continue its traditional core competencies– software for power systems infrastructure design and simulation; software for power systems infrastructure diagnostics and maintenance; and power systems consulting services and training – with emphasis on helping users achieve energy management and environmental responsibility goals. Traditionally, EDSA users' sole priority was uptime, but today – with rising energy costs and public demand for green facilities – the costs and environmental impact of powering operations are equally pressing priorities for companies.

--edited by Renee Robbins , senior editor, Control Engineering Daily News Desk


No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2013 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
A cool solution: Collaboration, chemistry leads to foundry coat product development; See the 2015 Product of the Year Finalists
Raising the standard: What's new with NFPA 70E; A global view of manufacturing; Maintenance data; Fit bearings properly
Sister act: Building on their father's legacy, a new generation moves Bales Metal Surface Solutions forward; Meet the 2015 Engineering Leaders Under 40
Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security
Upgrading secondary control systems; Keeping enclosures conditioned; Diagnostics increase equipment uptime; Mechatronics simplifies machine design
Designing positive-energy buildings; Ensuring power quality; Complying with NFPA 110; Minimizing arc flash hazards
Building high availability into industrial computers; Of key metrics and myth busting; The truth about five common VFD myths

Annual Salary Survey

After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.

The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.

Read more: 2014 Salary Survey: Confidence rises amid the challenges

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.