Progress Partners is pleased to announce that it has served as financial advisor to Sensei Solutions in a new strategic partnership and its latest round of equity investment. Sensei Solutions, a leading provider of Electric Utility Smart Grid Solutions, will receive an equity investment in a partnership with Southern States, LLC, a product and innovation leader in high voltage switching.
Founded in 2008 to meet the changing needs of Substation Automation programs, Sensei Solutions is a leading Smart Grid Solutions provider that enables utilities to achieve greater operational efficiencies, improve asset reliability and address growing compliance mandates.
The investment and strategic partnership with Southern States will allow Sensei Solutions to expand on its leading line of products and solutions for real-time monitoring of critical utility generation, transmission and distribution assets.
"As we've explored various funding strategies to help grow our business, Progress Partners has been an exceptionally valued partner throughout the process, stated Ashley Campbell, CEO of Sensei Solutions. Their advisory expertise, combined with an extensive financial and strategic investor network, enabled us to eventually secure an ideal partner in Southern States, LLC. We look forward to continuing our relationship with Progress Partners as we accelerate our growth."
"Sensei Solutions is a valued client and we are very pleased to have served as their advisor for this strategic investment, commented Mark McCall, Managing Director of the Clean Energy practice at Progress Partners. Sensei has a potentially industry changing solution to substation automation and combined with Southern States deep industry expertise and distribution channels, we are confident this partnership will be very rewarding for both companies."