Last week we announced our intent to acquire Prenova and today that transaction has officially closed. Employees from both companies met in Atlanta to celebrate the occasion and meet their new colleagues. I am so excited to bring these two strong organizations together for a common goal – to be the total energy and sustainability management company.
The acquisition significantly enhances Ecova’s unique combination of historical data from utility expense management services and real-time building intelligence and management solutions.
How will this help clients SEE MORE?
Companies in every commercial and industrial sector are trying to reduce energy consumption to control expenses, manage carbon emissions and enhance brand image. This need, coupled with significant advances in cost effective real-time energy collection devices is creating unprecedented demand for integrated energy efficiency solutions. The ‘mash up’ of data from multiple sources provides an opportunity for greater emphasis on energy management reporting and actionable insight. With the acquisition of Prenova, Ecova will be combining Prenova’s real time data collection and management tools with Ecova’s strengths in data management and reporting to drive energy efficiency results from the explosion of data coming into our business.
How will this help clients SAVE MORE?
Collecting energy data from on-site devices and interacting with these devices to influence behavior and lower consumption will become a major business focus as Ecova moves ahead. The acquisition of Building Knowledge Networks in early 2011 was our first critical step in this direction, and Prenova advances our capability even further. Our role as a virtual resource manager meets an expressed market need. Prenova’s real-time energy platforms including Energy Point, Meter Point and Decision Point coupled with both companies’ energy efficiency expertise allows our combined customer base the ability to take action on energy efficiency opportunities, saving more, whether using internal teams or leveraging the services of a trusted advisor. This Prenova case study, Controlling Energy Consumption in the Home Furnishings Industry, is a great example of how real-time energy monitoring provides powerful intelligence and impressive results.
We look forward to continuing to work with our clients to develop and deliver a growing suite of technology-optimized solutions to help them see more opportunities, save more money and sustain more natural resources.