RALEIGH, N.C. and ATLANTA, Ga. – Sensus, one of the world’s largest smart meter manufacturers will acquire Atlanta-based smart grid data analytics startup Verdeeco, according to sources and reports by the Atlanta Business Chronicle.

According to reports, the Raleigh-based Sensus is expected to announce the deal next week, and that it paid nearly $5 million for the two-year-old startup.

Both Verdeeco and Sensus have remained mum to confirm or deny the deal.