Digital Power Capital acquires power systems software vendor

-- Control Engineering, 3/28/2008

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.  Mark A. Ascolese joined the company's Board of Directors in 2006 on behalf of Digital Power Capital and has served as an advisor since that time. He becomes chairman and CEO of EDSA.  Recently retired from Eaton Corp., Ascolese served as president of Eaton Electrical's Powerware business and has 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.