- Wattics allows users to identify anomalies and monitor air quality
- EnergyCAP provides energy and sustainability enterprise resource planning software
- The firm is looking to buy software companies specialising in greenhouse gas tracking and energy consumption reduction
Resurgens Technology Partners-backed EnergyCAP has bought Wattics, a provider of energy management analytics and monitory software. Dublin-based Wattics’ software identifies anomalies, monitors air quality and triggers real-time notifications and recommendations to end-users.
Boalsburg, Pennsylvania-headquartered EnergyCAP provides energy and sustainability enterprise resource planning software.
“As we worked to identify growth opportunities for EnergyCAP, Wattics stood out as a platform that will enable the company to drive accelerated growth — integrating its product roadmap, expanding product breadth and executing cross-selling initiatives,” said Resurgens managing director Fred Sturgis. “Sustainability and energy conservation have become increasingly integral to business operations. We are excited to invest deeper into the space and support EnergyCAP customers as they reduce their carbon footprint.”
EnergyCAP will look for M&A opportunities, specifically for software companies specialising in greenhouse gas tracking and energy consumption reduction.
Forty percent of global carbon emissions originate from the built environment. Many organisations have established goals to decarbonise their operations and achieve net-zero carbon emissions within the next 10 to 20 years, presenting opportunities for growth within the sector.
“Our mission is to empower energy and sustainability leaders with actionable data to manage consumption, reduce their carbon footprint and drive savings,” said EnergyCAP CEO Tom Patterson. “Wattics fits perfectly into our product vision by expanding our platform to include the end-to-end, real-time, building- and device-level interval data and analytics necessary to improve energy efficiency and accelerate decarbonisation. EnergyCAP and Wattics together become the ideal solution to support and validate the entire customer journey to net-zero.”
Resurgens is an Atlanta-based tech-focused private equity firm.