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.

--edited by Renee Robbins , senior editor, Control Engineering Daily News Desk


No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Choosing controllers: PLCs, PACs, IPCs, DCS? What's best for your application?; Wireless trends; Design, integration; Manufacturing Day; Product Exclusive
Variable speed drives: Smooth, efficient, electrically quite motion control; Process control upgrades; Mobile intelligence; Product finalists: Vote now; Product Exclusives
Machine design tips: Pneumatic or electric; Software upgrades; Ethernet advantages; Additive manufacturing; Engineering Leaders; Product exclusives: PLC, HMI, IO
This article collection contains the 5 most referenced articles on improving the use of PID.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security