Global energy management company BuidingIQ entered into a deal with data analytics solutions provider NorthWrite to expand its solutions portfolio.Under the agreement, the US based energy management firm acquired two data analytics softwares ‘Energy Worksite’ and ‘Facility WorkSite’ solutions from NorthWrite.
[quote] The Energy WorkSite software is used by commercial and industrial businesses to track their energy consumption and verify savings from energy efficiency measures to reduce operational expenses at the same time helping utilities better manage generating capacity.
On the other hand, the Facility WorkSite provides facilities with information on work order management, preventative maintenance and asset performance.
The deal will allow BuildingIQ to combine the two solutions with its existing energy management platform to create a new Energy Information Management Services (EIMS) platform.
The acquisition falls under the company's efforts to increase its presence in Minneapolis, Minnesota as well as the whole of North America, and is expected will provide the energy management solutions provider with additional revenue.
To allow a swift integration and management of the softwares, BuildingIQ will get assistance from NorthWire’s CEO and seven other staff.
In a press statement, Terrence McManus of NorthWire expressed his confidence of “a strong cultural fit and synergy, and the enormous potential that comes with combining the technologies onto a single cloud-based platform.” [Enterprise IoT: White paper analyses building energy management]
Data analytics and energy management in the US
The news follows an announcement by US energy management companies GridPoint and Correlate that they have partnered to provide businesses with enhanced energy efficiency solutions.
Under the partnership, Correlate will provide its customers with GridPoint’s Energy Management Solutions (EMS).
In a joint statement, Correlate said the development will help its customers, including businesses in the retail, banking, manufacturing and real-estate sectors, to support data-driven assessments and strategic energy programs.
GridPoint said its solution will allow Correlate customers enhanced real-time data collection, big data analytics and cloud computing to maximise operational efficiency, capital utilisation and energy savings
Correlate’s COO, Maxwell Dworkin, said the partnership is “…focused on helping both large and small businesses as they are an important and under-supported market.”
GridPoint confirmed that its EMS is integrated with an asset-level sub metering and monitoring control software that has the ability to generate businesses 10-25% energy savings with less than a two-year payback.
Image credit: www.dialinteractive.com.