BuildingIQ acquires EIMS from NorthWrite Inc.
BuildingIQ has acquired the Energy WorkSite and Facility WorkSite software applications from NorthWrite Inc. The two cloud-based applications, coupled with BuildingIQ’s packaged monitoring-based commissioning (MBCx) services, create a new, full-suite energy information management services (EIMS) platform.
With the acquisition, BuildingIQ officials said the company is able to create additional free cash flow and further meet the needs of those individuals responsible for managing daily operations of a single facility or a portfolio of buildings.
The Energy WorkSite application is a sixth-generation monitoring and data analytics software toolkit that allows commercial and industrial facilities to 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 company also said the Facility WorkSite application is a low-cost management platform for facilities that provide 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 two hundred customers with an average contract tenure of nearly seven years and over four thousand end users. This includes energy utilities under re-seller 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.”
For more information, visit www.buildingiq.com.