Comverge (COMV) Stock Price, News & Analysis

Comverge, Inc. is a provider of intelligent energy management (IEM). IEM solutions build upon demand response, enables two-way communication between providers and consumers and gives all customer classes the insight and control to optimize energy usage and meet demand. The Company provides its IEM solutions through two segments: the Residential Business segment and the Commercial & Industrial (C&I) Business segment. The Residential Business segment sells intelligent energy management networks to utility customers for use in programs with residential and small commercial end-use participants. The C&I Business segment provides intelligent energy management solutions to utilities and independent system operators that are managing programs or auctions for large C&I consumers. In May 2012, the Company and H.I.G. Capital, LLC, announced the acquisition of Comverge, Inc. by affiliates of H.I.G.