Cisco today announced its intent to acquire privately held Arch Rock Corporation, a pioneer in Internet Protocol-based wireless network technology for smart-grid applications. Based in San Francisco, Arch Rock will accelerate Cisco’s ability to facilitate the utility industry’s transition to an open and interoperable smart grid by enabling Cisco to offer a comprehensive and highly secure advanced metering infrastructure solution based completely on IP standards.
“The acquisition of Arch Rock enhances Cisco’s end-to-end smart-grid offerings and further positions Cisco as a strategic partner to utilities that want to better manage power supply and demand, improve the security and reliability of energy delivery, and optimize operational costs,” said Laura Ipsen, senior vice president and general manager of Cisco’s Smart Grid business unit. “Cisco’s solutions, incorporating the Arch Rock technology, will help enable a more efficient and sustainable energy future that is based on an open, highly secure and reliable smart-grid infrastructure.”
The acquisition of Arch Rock further establishes Cisco’s vision of fully IP-enabled networking solutions for a smart grid. Arch Rock’s technology is designed to enable utilities to connect smart meters and other distributed intelligent devices over a scalable, highly secure, multi-way wireless mesh network based on IP standards. This capability complements the recently announced joint development agreement between Itron and Cisco, by which Cisco plans to develop solutions that enhance smart-metering technology, enabling utilities to meet the demands of increasingly empowered customers and highly distributed energy sources.
Arch Rock brings to Cisco a proven team that has been a leader in the research and development of wireless networking and its integration into grid solutions. Upon the close of the acquisition, the Arch Rock team will become part of Cisco’s industry-leading Smart Grid business unit. Financial terms of the transaction are undisclosed. The acquisition is subject to various standard closing conditions and is expected to be complete in the second half of calendar year 2010.