Itron Receives New Designation to Leaders Quadrant of Gartner's Meter Data Management Magic Quadrant Report

LIBERTY LAKE, Wash.—Dec. 17, 2013—Itron, Inc. (NASDAQ: ITRI) announced today that its meter data management (MDM) solution has been positioned by Gartner, Inc. in the "Leaders" quadrant of the Magic Quadrant for Meter Data Management Products¹ achieving a new position from its previous one in the "Challengers" quadrant. Itron's combined ability to execute and completeness of vision garnered placement in the coveted Leaders quadrant.

"Itron is proud to be recognized by Gartner in the Leaders quadrant," said Jeff Carkhuff, vice president of global product management for electricity at Itron. "As one of the original MDM vendors, Itron has a great depth of experience and understanding of utilities' needs for meter data management. We view MDM as an expanding set of capabilities, rather than a specific system or database architecture, that help utilities make faster, more informed decisions. We believe our position in the Leaders quadrant affirms our leadership and vision forhelping utilities leverage datato improve operations and be more resourceful."

Gartner's research, authored by Zarko Sumic and released on Dec. 11, 2013, was centered on the evaluation of 12 "top of mind" vendors that met the report's inclusion criteria, including offering an MDM product that supports all key components of energy consumption data lifecycles and scalability to support interval meter reading. The research focused on vendor capability assessments as well as product positioning in the rapidly maturing MDM market.

In production at over 60 energy companies and managing more than 33 million meters, Itron Enterprise Edition (IEE) Meter Data Management (MDM) is an industry-leading MDM solution that creates value from smart metering data and helps utilities realize the full benefits of their smart metering deployments. The highly scalable enterprise application centralizes the collection, processing, storage and complex analysis of meter and other utility-related data.

Beyond typical meter data management, Itron's MDM solution utilizes Itron Analytics to help utilities turn metering data into actionable intelligence: improving operations, distribution system efficiency, reliability and asset management. In addition, Itron has designed its analytics platform and applications so they, along with MDM services, can be delivered efficiently and securely through a cloud-based managed services model, greatly expanding the flexibility of adoption depending on business models, IT resources and organizational skill sets.

According to the Gartner report, "leaders in this market must pair advanced technology with broad offerings, rich functionality and the capability to configure their solution to different needsas well as to offer their solution both on premises and in the cloud." They demonstrate both an ability to execute and completeness of vision. For utilities seeking MDM software, a vendor's ability to execute is primarily a combination of factors driven by product functionality, architecture and performance, and the ability to meet customer expectations during product delivery and operation. For an emerging market such as MDM, completeness of vision is determined through the combination of a good market understanding and the right go-to-market strategy, innovation and level of R&D investment to meet the emerging needs in diverse energy markets.

¹ Gartner "Magic Quadrant for Meter Data Management Products" Zarko Sumic, December 11, 2013.

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