BuildingIQ, a Foster City, CA-based energy management software company, acquired the Energy WorkSite and Facility WorkSite software applications from NorthWrite Inc.
The amount of the deal was not disclosed.
The acquisition aims to create a new, full-suite Energy Information Management Services (EIMS) platform combining the two cloud-based applications, coupled with BuildingIQ’s packaged monitoring-based commissioning (MBCx) services.
The Energy WorkSite application is a monitoring and data analytics software toolkit that allows commercial and industrial facilities to accurately track and benchmark energy use. It serves as a tool that enables facility owners, operators and energy service companies to verify savings from energy efficiency measures, while also allowing utilities to better manage generating capacity. The Facility WorkSite application is a low cost management platform for facilities that provides work order management, preventative maintenance and asset performance reporting services.
Currently, the two applications have more than two hundred customers.
Following the acquisition, NorthWrite’s co-founder, Terrence McManus, and a staff of seven, will join BuildingIQ to manage the EIMS platform. BuildingIQ adds an additional presence based in Minneapolis, Minnesota, extending its reach in North America.
Led by Michael Nark, president & CEO, BuildingIQ is a provider of advanced energy management software that actively predicts and manages heating, ventilation and air conditioning (HVAC) loads in commercial buildings. Backed by the Venture Capital unit of Siemens Financial Services, Paladin Capital and Exto Partners, the company is also trading on the Australian Securities Exchange under the ASX code BIQ.
FinSMEs
14/04/2016