Transaction

• In October 2009, Energy Recommerce Inc. (ERI) was acquired by National Semiconductor Corporation (NYSE:NSM)
• Financial terms were not disclosed

Companies

• ERI is the leader in solar power performance management, with the industry's preferred string-level monitoring system for commercial and utility-size solar systems. ERI’s MYPVDATA® is a total solution for solar system monitoring and management selected by leading energy service companies, integrators, commercial builders and power purchase agreement providers (PPAs). ERI, a privately-held company, was founded in San Francisco in 2004 and is backed by Dry Creek Ventures.
• National Semiconductor is a leader in analog power management technology. Its products include easy-to-use integrated circuits, PowerWise products that enable more energy-efficient systems, and SolarMagic products which improve the energy output of solar arrays. National’s solar power management product line is designed to improve photovoltaic system efficiency by enabling precise control and performance optimization at the module level. National Semiconductor is headquartered in Santa Clara, CA.

Result

• Transaction brings renewable energy monitoring and management solution to NSM's solar portfolio.
• Transaction enables NSM to continue optimizing their power management solution with a bundled solution of power management chips and software.
• ERI compliments SolarMagic, NSM's fist product for the solar market, a device with a chipset designed to enhance solar panel performance.
• Represents first venture-backed M&A transactions in the solar energy monitoring and management space.