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PowerGEM Welcomes Strategic Growth Investment from TA
PowerGEM, a leading provider of simulation modeling software and technical services for the electric power industry is pleased to announce a strategic growth investment from global private equity firm TA Associates (TA).
Founded in 2000 and headquartered in Clifton Park, NY, PowerGEM’s power systems transmission reliability & market simulation software products serve over two hundred North American power systems stakeholders. The Company’s software is utilized by the nation’s top grid operators, including many U.S. ISOs and electric utilities, generation/transmission developers & engineering firms to assess electric transmission grid reliability, as well as the technical & economic impacts of transmission congestion in competitive U.S. electricity markets.
Electric power industry stakeholders increasingly rely on PowerGEM’s software for simulations, insights, analyses & related technical consulting to optimize decision-making and foster efficient power markets. As the power grid becomes increasingly complex with the shift to renewable generation and the need to maintain reliable performance, this partnership with TA will allow PowerGEM to continue serving its growing client base, accelerate the release of new offerings, and execute high-growth initiatives.
Rocscience Announces Strategic Investment from TA to Accelerate Innovation and Expansion
Rocscience, a pioneering provider of geotechnical software solutions, announced that TA Associates (“TA”), a leading global private equity firm, completed a strategic growth investment in the Company.
Founded in 1996, Rocscience specializes in 2D and 3D modeling, simulation and analysis of rock and soil behavior. The Company’s team of industry experts are dedicated to developing the most advanced geotechnical software for professionals across the civil, structural and mining industries. Combining cutting-edge research with continuous software development, Rocscience offers an integrated portfolio of reliable, easy-to-use products that help engineers solve the most complex geotechnical challenges.