IP Keys Acquires n-dimension
November 2019 – England & Company served as the exclusive financial advisor to IPKeys Power Partners (“IPKeys”), a leading provider of meter data management, cyber security, and demand management, in its acquisition of N-Dimension Solutions, Inc.
N-Dimension is a public power sector leader in cyber security monitoring with 100 utilities served. Ontario-based N-Dimension will merge into the IPKeys Power Partners platform, while continuing to serve current customers. The acquisition adds a robust cyber threat detection and remediation capability to IPKeys’ existing Cyber Lab as a Service (IPKeys CLaaS) which provides a broad range of cybersecurity services and solutions to utilities and large municipal and public safety organizations throughout North America. Earlier this year, IPKeys acquired SigmaFlow to add an automated NERC-CIP compliance capability to their CLaaS offering. England & Company also served as IPKeys’ financial advisor on that transaction.
The N-Dimension transaction included an equity investment in IPKeys from Enertech Capital, a leading venture capital firm focused on investing in emerging companies essential to energy innovation. EnerTech’s investment landscape includes Digital Networks, Connected Buildings, Mobility, and Optimization.
“The integration of N-Dimension into our CLaaS platform enables IPKeys to provide customers with a more robust and comprehensive cybersecurity solution,” said Robert Nawy, CEO of IPKeys. “The investment by EnerTech is especially advantageous because of their proven ability to also provide strategic support and exposure to their influential network of strategic partners.”