IPKeys Power Partners

IPKeys Power Partners operates as a specialized provider of software and technology solutions focused on the cybersecurity and operational efficiency of critical infrastructure. Founded in 2014, the company established itself as a key partner for utilities and grid operators before being acquired by Parsons Corporation (NYSE: PSN) in April 2023 for approximately $43 million. The firm is led by CEO Robert Nawy, who is also a founding member of the Advanced Energy Management Alliance and serves on the board of the OpenADR Alliance.

The company's core business revolves around securing and optimizing the increasingly complex intersection of information technology (IT) and operational technology (OT) within the energy sector. It serves a broad client base that includes hundreds of electric, water, and gas utilities across North America, as well as government and public safety organizations. Revenue is generated through the sale of enterprise software platform solutions and cybersecurity services. A key strategic move was the acquisition of SigmaFlow, which enhanced its capabilities in providing North American Electric Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) compliance and workflow automation solutions.

IPKeys Power Partners offers a suite of products designed to address grid modernization, cyber resiliency, and energy transition challenges. A central offering is its cloud-based cybersecurity platform that delivers cyber and operational security. The company provides an automated Demand Response (Auto DR) platform that allows customers to participate in demand management programs, integrating everything from generator controls to full building automation. Its Cyber Lab as a Service (CLaaS) provides utilities with continuous monitoring and compliance benchmarking, leveraging expertise developed while supporting U.S. Department of Defense agencies. Another key product, the SigmaFlow Beacon platform, unifies cybersecurity monitoring with NERC compliance requirements into a single, purpose-built solution for utilities and grid operators.

Keywords: critical infrastructure protection, grid modernization, utility cybersecurity, operational technology security, NERC compliance, demand response management, smart grid technology, IT/OT convergence, enterprise software solutions, energy management, cyber resiliency, public safety networks, utility software, data management, Parsons Corporation, grid security, electricity demand management, automated demand response, water utility security, gas utility security