Power-One announced the completed acquisition of Fat Spaniel Technologies assets, but revealed no financial terms of the agreement between the two companies. Power-One acknowledged that part of the appeal for the purchase of Fat Spaniel was to build up its R&D team with additional experienced software engineers.
“Fat Spaniel is a market leader in enabling producers of renewable power to reliably and efficiently connect with the grid,” said Dr. Alex Levran, president of renewable energy solutions at Power-One. “This acquisition expands our broad array of features that provide greater system control and yield for our customers and enhances the value of Power-One’s inverters as we expand our market opportunity and continue to gain share.”
Fat Spaniel is known for being a web-based automated monitoring and reporting software company using the SaaS platform. Power-One will continue to work with Fat Spaniel’s customers and host its existing software solution.