To meet utilities' needs for advanced smart grid solutions with built-in security, reliability and new capabilities, Verizon and eMeter are teaming to develop and deliver one of the first cloud-based meter data management offerings for the utility industry.

The new service, expected to be available in the spring, will deliver eMeter's meter data management software to utilities as a managed service in a scalable cloud-based environment via Verizon's IP network.

This collaboration will enable an meter data management solution that can address the potential for new business applications, enhanced billing capabilities and faster customer response. Since the new service will be cloud-based, utilities will be able to pay for it on a per-user basis, without the need for large capital investment.