Tantalus completed the acquisition of Congruitive for $13m.

Tantalus, a smart grid technology company, completed the acquisition of Congruitive, a software platform, for $13m. “This acquisition is an important milestone and will provide value to our customer base. As utilities digitize their distribution grids, providing interoperability of data from disparate devices is critical to maintaining reliable and expanded services. Tantalus’ ability to access granular data and deliver next-generation analytics through TUNet coupled with our ability to transport and integrate data from distribution automation equipment and DERs will lead to an even greater range of solutions for the utility industry, and as part of Tantalus, C.IQ will have greater reach into the public power and electric cooperative utility segment," Kenneth Munson, Congruitive CEO.