IBS Group Announces a New Version of its Smart Grid Platform
RAMSEY, The Isle of Man, October 12, 2012 /PRNewswire/ --
(Please refer to relevant legal information at the end of the document)
IBS Group, a leading software development and IT services provider in Central and Eastern Europe announces that Luxoft, a member of the IBS Group and a global provider of advanced application and product development services, has presented a new version of its demand management automation platform, DMFusion 2.0, at the Metering, Billing/CRM Europe 2012 in Amsterdam.
DMFusion is a software platform for Smart Grid solution vendors, offering new approaches to such common tasks as non-technical distribution losses reduction, grid management, and asset management. DMFusion is an ESB platform featuring a real-time parallel distributed telemetry data processing module, a set of energy system and grid management component adapters, along with visualization features for key components of a grid. DMFusion can process big data streams up to 500,000 events per second with only a 20 millisecond lag, enabling centralized grid management in critical conditions.
"Non-technical losses in power distribution can be enormous due to ineffective asset management, thefts, and lack of adequate grid controls," said Michael Minkevich, Vice President Technology Services of Luxoft. "We wanted to address these critical challenges by expanding the functionality of our smart grid software platform, DMFusion. The new version allows utilities and smart grid solution vendors to quickly identify problems within a grid and take corrective actions. We are using state-of-the-art technologies, such as parallel computing, to deliver a real-time data analysis to support grid management decisions, while our easy-to-use visualization module further simplifies the process. All of this leads to a more efficient and profitable power distribution network."
DMFusion can be integrated with other management systems using industry standards, such as MultiSpeak®, which significantly reduces the time and costs associated with deployment of this platform. Collecting data from asset management and MDM systems and supplementing them with its own scenarios, DMFusion becomes the main system of meter monitoring and management. The use of IEC 61850 adapters in combination with parallel computing gives the platform the power to predict grid faults, even when dealing with high-rate telemetry data streams. Thus, the more data that flows into DMFusion, the more value the platform provides to utilities by increasing control of assets, improving grid management, and enriching the understanding of the company's KPIs. Furthermore, DMFusion is designed for easy integration into the company's existing back-end and front-end application systems.
The platform's easy-to-use visualization module allows the operator to see grid components, such as transformers, meters, RTUs and PMUs right on the map. Using the intuitive interface, an operator can access the component parameters. If the process is too fast for the user to make a decision, alerts will be issued that describe the issue and help to manually solve it.
One of the unique features of DMFusion for centralized grid management is its ability to process updates from up to 6,000 grid nodes every 20 milliseconds on average. It also can detect a potential power grid fault and prevent it within 15 milliseconds by sending curtailment commands to the consumer's equipment.
About IBS Group Holding Limited
IBS Group is a leading software development and IT services provider in Central and Eastern Europe. Through its two principal subsidiaries, Luxoft and IBS IT Services, it offers a wide variety of information technology services, such as software development and IT services outsourcing, IT infrastructure and business applications implementation. IBS Group has business operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA, Vietnam and Singapore. IBS Group employs more than 8,300 people worldwide. In the year ended March 31, 2012, the Group reported US GAAP consolidated revenues of USD816.3 million. IBS Group's Global Depositary Receipts are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.F)
For more information about IBS Group please visit http://www.ibsgr.com.
The information contained in this press release is not for publication, distribution or release, directly or indirectly, in any jurisdiction where such publication, disclosure or release would be unlawful. This press release does not constitute an offer for the sale of securities in the United States of America, Canada, Australia, Japan or any other jurisdiction in which an offer would be subject to legal restrictions.
SOURCE IBS Group Holding Ltd