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.
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
- Survey Prize Winners
Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey