Rodan Energy Acquires MIDAS Metering


Mississauga, ON and Calgary, AB, December 8, 2014 – Rodan Energy, a leading provider of smart grid solutions to utilities and large energy users, and MIDAS Metering, a leading metering systems and energy data management services company, announced today that Rodan has acquired MIDAS to enhance its energy data management capabilities and increase its geographical scope to better serve its clients throughout North America.

MIDAS’ broad suite of Energy Management Information Systems (EMIS) coupled with Rodan’s robust EnerVu Demand Response Management System will provide customers with a broad menu of powerful tools to better manage how they and their customers consume and deliver energy and other commodities.

“MIDAS brings a blue chip client base, a leading software technology and a track record of excellent service,” stated Paul Grod, President and CEO of Rodan Energy. “This acquisition strengthens Rodan’s software product offerings for utilities and large energy consumers. With a strong team in Calgary, we will be better able to serve our clients in western Canada and the United States.”

“Merging with Rodan is a natural and synergistic fit for MIDAS,” stated Tim Raines, President, MIDAS Metering Services Ltd. “Combined, we will be able to deliver unparalleled energy metering, monitoring and grid management services to our clients across North America and beyond. Moreover, we share similar cultures, which includes exceptional customer focus and dedication to quality.”

Together, Midas and Rodan service over 75 utilities (distribution and power) and several hundred thousand energy users across North America, managing approximately 400MW of Demand Response resources for many of North America’s largest energy users.

About Rodan – Rodan Energy Solutions is a leading provider of smart grid integration services. We have worked with dozens of utilities and Electricity System Operators throughout North America in providing metering, engineering, demand response (DR) and other demand-side management (DSM) solutions. Rodan Energy is an industry leader in full demand response enablement. We have one of the largest portfolios of DR assets under management by a privately-held company covering all customer segments, including residential, commercial, institutional and industrial energy users in all major industry sectors. This success is largely due to our ability to work closely with our utility partners coupled with a strong understanding of their customers’ demand response capabilities.

About MIDAS – MIDAS Metering Service Ltd. is the largest independent metering services company in western Canada. Registered by the Alberta Electricity System Operator, we provide metering system design, installation and management services. In addition, MIDAS provides energy data management and information access services and systems for leading electricity and water consumers, distributors and producers in western Canada and northwestern United States.

For more information, please contact:

Jennifer King
Rodan Energy Solutions Inc.
165 Matheson Blvd. E., Suite 6
Mississauga, ON L4Z 3K2
Direct: (905) 625-9900 x 244

Jaclyn Todosichuk
MIDAS Metering Services Ltd.
604, 734 7th Avenue SW
Calgary, Alberta T2P 3P8
Ph. (403) 301-3314

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