Neptune Technology Group Inc. ("Neptune") and Clevest Solutions Inc. ("Clevest") announce the transfer of assets relating to FieldNet and Automated Route Control System ("ARCS") solutions. This transaction allows Neptune to focus on its core competence in providing Advanced Metering Infrastructure systems while adding to Clevest's core portfolio of mobile field force management tools in the Utility markets. Clevest will acquire all of the assets required to serve existing FieldNet and ARCS customers.
According to Neptune President Chuck DiLaura, "We feel that this transaction is a win-win-win for our FieldNet and ARCS customers as well as Neptune and Clevest. The FieldNet and ARCS portfolios fit well with Clevest's core business and will ensure the continuing support of the existing customers. "
Furthermore, an on-going alliance between Neptune and Clevest will allow both companies to leverage their joint capabilities to serve our utility customers.
"Bringing FieldNet and ARCS into Clevest enables us to provide a uniquely seamless solution to transition from AMR to AMI and beyond into a truly Smart Grid," says Thomas Ligocki, President of Clevest Solutions Inc. "We are very excited to be working with these world-class utilities and providing them with top quality mobile workforce management products and services."
Neptune and Clevest are committed to ensuring a smooth transfer of responsibilities to Clevest and Clevest is committed to fully supporting the FieldNet and ARCS solutions customers.
About Neptune Technology Group Inc.
Neptune Technology Group Inc., a pioneer in the development of Automatic Meter Reading (AMR) and Advanced Metering Infrastructure (AMI) technologies for more than 46 years. Since 1892 Neptune has continually focused on the evolving needs of utilities – revenue optimization, operational efficiencies, and improved customer service. The company offers a fully integrated migration path for its utility customers to meet their needs now and in the future. For more information, visit www.neptunetg.com.
About Clevest Solutions Inc.
Clevest Solutions Inc. is the leader in Smart Grid Deployment & Post-Deployment Maintenance Solutions software and is the fastest-growing provider of Mobile Workforce Management solutions in the utilities industry. Clevest's application suite provides modular tools that include dispatching, scheduling, AVL, in-vehicle navigation, mobile, and a patent-pending configuration tool. The company's award-winning application integrates the latest innovations in software, wireless technologies, and mobile devices to get jobs done faster, smoother, safer, and increase efficiency and reliability. For more information, visit www.clevest.com.
SOURCE: Neptune Technology Group Inc. and Clevest Solutions Inc.