Energy and Water Monitoring Co. Teams Up With Energy Efficiency Software Provider

BRANCHBURG, N.J. and BOSTON — Noveda Technologies, a web-based, real time energy and water monitoring service provider, recently announced the acquisition of MakeMeSustainable, an energy efficiency, software, and services company headquartered in Boston.

 

The transaction was funded through a mix of cash and Noveda stock. As part of the agreement, the founders and employees of MakeMeSustainable will join Noveda. 

 

MakeMeSustainable provides energy and environmental assessment tools that aim to enable corporations, organizations, and educational institutions to effectively view, manage, and reduce energy and water consumption.

 

The company recently launched a program called Effacility, which allows audits and analysis of energy and water use, and then feeds this information into a recommendation engine to provide targeted energy- and water-saving solutions.

 

The company also operates a consumer-facing carbon calculator and social network to bring together energy-conscious consumers and leverage their collective network to affect change and promote green products and services, company officials said.

 

“More and more businesses and consumers are looking for easy-to-use solutions to reduce their energy consumption and achieve savings,” said Govi Rao, president and CEO of Noveda. “The acquisition of MMS enhances our ability to satisfy this unmet need by integrating their online portal, technology platform, and toolset with our real-time, web-based energy- and water-monitoring solution.”

 

Rao added that the enhanced and integrated platform enables consumers to be “smart users” and lay the foundation for smart grid solutions.

 

“Our highly intuitive user interface, leveraging existing global platforms, is geared to increase global awareness on energy efficiency and water conservation issues, as demonstrated by users in over 30 countries,” he said. “The MakeMeSustainable team brings additional skills that will enhance our capability significantly, and we are very excited to have them join us.”

 

The combined product suite will also feature a social media–based platform that leverages existing communities, crowd-sourced energy and water solutions, and educational tools, allowing Noveda to access new markets and serve new clients.

 

Officials said the platform will expand Noveda’s portfolio in education and training tools that promote awareness and help drive energy and water conservation.