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Description of Itron
Itron Inc. (NASDAQ: ITRI) is a provider of intelligent metering, data collection and utility software. It has nearly 8,000 utilities worldwide relying on their technology to optimize the delivery and use of energy and water. Itron's products include electricity, gas, water and heat meters, data collection and communication systems, including automated meter reading (AMR) and advanced metering infrastructure (AMI); meter data management and related software applications; as well as project management, installation, and consulting services. Originally a subsidiary of Avista, Itron is now a publicy traded-company worth around $400million. Itron employes around 10,000 in 130 countries. A corporate restructure in 2011 cut about 7.5% of the workforce and resulted in the closure of six sites in Europe and South America. Part of this restructuring process involved increased marketing aand manufacturing activities in China. Although successful globally, Itron has historically struggled to enter the US meter market, due to its lack of a competitive distribution channel. However, Itron claim that their enhanced electronic security measures have resulted in the largest contracted market share for advanced meters in North America.
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