A new company has been created between Telvent and DMS Group.
Madrid, May 9, 2008 – Telvent (NASDAQ: TLVT), an IT company for a sustainable and secure world, today announced that it is forming a new joint venture with the DMS Group LLC after eight years being partners. The new co-formed joint venture, named Telvent DMS LC Novi Sad (Telvent DMS), will allow Telvent to have a direct input in DMS technology research and development plans, thereby aligning the product direction to further support Telvent’s Smart Grid initiative, bringing energy efficiency to the electric utility market.
Telvent and the DMS Group Form Venture
Telvent is forming a new joint venture with the DMS Group LLC after eight years being partners
Telvent is an IT company for a sustainable and secure world, specializes in high value-added products, with more than 40 years of experience in the electric distribution business. Centered on the skill and know-how of the best professionals, Telvent’s applications deliver significant business values: increased safety of operations, improved operational efficiency, and secure information leading to sustainable solutions for environmental monitoring. These benefits are provided by a strong integration between the underlying infrastructure framework and the industry-specific applications. The new co-formed joint venture, named Telvent DMS LLC Novi Sad (Telvent DMS), will allow Telvent to have a direct input in DMS technology research and development plans, thereby aligning the product direction to further support Telvent’s Smart Grid initiative, bringing energy efficiency to the electric utility market. The DMS Group, located within the science-technology part of the University in Novi Sad, Serbia, is an advanced IT company of more than 300 developers that has created the Distribution Management System (DMS) software product, a modern system that is already part of Telvent’s Smart Grid Solution (SGS) suite. The new Telvent DMS joint venture will be supported by a large team of expert engineers and development staff who, in cooperation with Telvent and its network of subsidiaries and affiliates worldwide, will continue to develop, enhance, market globally, implement, and support the DMS software product and other assets related to the DMS business.
Solutions for the Electric Utility Market
Specifically, the DMS software is a suite of real-time and study-mode electric network analysis applications designed to improve the efficiency and reliability of the electric distribution system. DMS applications can be used in conjunction with Telvent’s Supervisory Control and Data Acquisition (SCADA) systems to track actual network conditions, test different scenarios in the safety of a simulated study-mode environment, as well as provide the optimal distribution network operation within the SGS suite.
Telvent’s SGS Suite has now become unique in the market through full integration of OASyS SCADA, the geographic information system ArcFM, the outage management Responder OMS, and the named DMS functionality. The integration allows our customers to respond to new distributed and renewable generation capacity coming on-line and to use volt/var control to add “virtual generation” to their network. Additionally, the SGS Suite enables them to implement effective demand response strategies at the consumer level, and thus, respond to all requirements of a modern distribution utility and maximize the business value. With all these functions, the energy efficiency through network management will be possible.
Telvent and DMS Group together have launched projects in over 100 control centers worldwide including in Tunisia (six control centers), in Italy for the ENEL utility (29 control centers), in Macedonia (28 control centers), in Serbia (17 control centers), as well as in other countries such as Peru, Paraguay, Costa Rica, Panama, Venezuela, Argentina, Mexico, Indonesia.
“This is a very important step for Telvent since it makes our SGS suite one of the strongest in the market, leveraging the excellence of our different components by working fully integrated. In addition, this transaction gives us access to an excellent cluster of talented people that will be incorporated to our Competency Centers Network. All in all, this is great news for our customers, whom will benefit from the full integration of the information to be able to make the right decisions. Harnessing the collective creativity, spirit and resources of both companies will allow us to further develop an attractive, comprehensive and sensible strategy for the electric utility market,” said Manuel Sanchez, Telvent’s Chairman and Chief Executive Officer.