Cisco (CSCO) clearly believes that the evolution to a smarter grid will provide big opportunities to those companies positioned well.  A few weeks ago they announced a partnership with Itron to help develop an open source IP based smart grid.  A few days ago they also announced the purchase of privately held Arch Rock, an expert in wireless smart grid networking technology which allows utilities to connect smart meters and other intelligent devices over a secure, open source wireless network which will help expand the reach of the smart grid and provide greater efficiencies.  Financials of the deal which is expected to close by the end of the year have not been disclosed.

“Arch Rock’s wireless mesh technology enhances Cisco’s IP-based, end-to-end smart-grid offerings,” said Laura Ipsen, senior vice president and general manager of Cisco’s Smart Grid business unit. “This acquisition further positions Cisco as a strategic partner to utilities working to better manage power supply and demand, improve the security and reliability of energy delivery, and optimize operational costs.”