EnerNOC Buys Utility Bill Management Firm
EnerNOC has entered into an agreement to acquire EnTech, a provider of global utility bill management software.
EnTech says 50 enterprises, including companies in telecommunications, consumer products, banking, and auto manufacturing use its utility bill software. EnerNOC says the acquisition is consistent with its strategy to diversify beyond demand response.
EnTech generates about $10 million in revenue annually and has offices in eight countries. It is headquartered in the United Kingdom and operates a software development center in Mumbai, India.
The transaction is expected to close this month.
In February, EnerNOC funded the Series A round of financing of San Francisco-based Genability, a software company that licenses its database of electricity tariffs for use with third-party products such as energy intelligence software (EIS). EnerNOC says by connecting Genability’s tariff engine to its EIS applications, businesses will be able to see energy savings articulated in dollars instead of kilowatt hours.
Why bring buildings online? What information can operations teams glean from real-time data that they can’t just get from the monthly data provided by utility companies? Click to learn more.
- Existing Building Technologies Combine for Increased Savings
- Best Practices in Electricity Procurement
- 2014 Environmental Leader Product and Project Awards
- Energy Financing Report
- Unlocking the Value of Energy & Operational Data
- Improve Your Company's Environment and Energy Performance
- Combined Heat and Power
- Smart Companies Utilize Integrated Energy Solutions
- How "Fixed" is the Fixed Price Product?
- Let's Do The Math for DR
- Cut Costs and Improve Facility Operations with Energy Data
- Energy Procurement Strategies for Winter 2014 and 2015
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management