IBS Group Announces a New Version of its Smart Grid Platform

IBS Group Announces a New Version of its Smart Grid Platform PR Newswire RAMSEY, The Isle of Man, October 12, 2012 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.