What does Ambit do as a player in the deregulated energy market?
Ambit is an energy provider largely to residential customers. We really own and manage the customer. We sell the customer, and they enroll through our systems. We then receive meter reads through the regulated transmission distribution providers every month through EDI and other electronic means. We then rate it, generate a bill, print it, mail it out, and then we expect the customer to pay. If the customer doesn’t pay on time, there are oversight committees in the states we operate in that govern [when] you can go in and turn the electricity off. So, in a worst-case scenario, we accidentally turn off someone’s power or we bill them incorrectly, and it can become a very spicy issue. So we’ve had to focus a lot of energy upfront on making sure that our systems are really rock-solid so that those sorts of issues don’t happen. What drove your decision to do all of your software development in-house? We started the company in 2006, and I was intending on just going out and licensing a syst
