BuildingIQ Acquires Energy Information Software Applications from NorthWrite
Allows creation of new Energy Information Management Services platform
SAN FRANCISCO — BuildingIQ, a leading energy management software company, announced that it has acquired the Energy WorkSite and Facility WorkSite software applications from NorthWrite Inc. BuildingIQ said the two cloud-based applications, coupled with its packaged monitoring-based commissioning (MBCx) services, create a new, full-suite Energy Information Management Services (EIMS) platform.
The Energy WorkSite application is a sixth-generation 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 helping 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. NorthWrite’s co-founder, Terrence McManus, and a staff of seven, will join BuildingIQ to manage the EIMS platform.
Through this agreement BuildingIQ adds an additional presence based in Minneapolis, extending its reach in North America. Currently, the Energy and Facility Worksite applications have a total of more than 200 customers with an average contract tenure of nearly seven years and over 4,000 end users. This includes significant energy utilities under reseller agreements. In addition, the EIMS platform processes more than 20,000 transactions per month.
“The acquisition of the Energy WorkSite and Facility WorkSite applications complements the existing product offerings of BuildingIQ,” said Michael Nark, president and CEO. “The addition of these new capabilities further emphasizes our goal to provide the best measurement, monitoring, and analytics capabilities available, a goal which was supported earlier this year with the successful release of our Managed Services offering. We are thrilled to add a well-established business, with a great team, and loyal customer base.”
“The Energy WorkSite and Facility WorkSite team is excited to join BuildingIQ,” said Terrence McManus “We can already see a strong cultural fit and synergy, and the enormous potential that comes with combining the technologies onto a single cloud-based platform for all our customers.”
For more information, visit www.buildingiq.com.
Publication date: 5/3/2016