Resurgens Technology Partners, a software-focused private equity firm, is pleased to announce that its portfolio company, EnergyCAP, a leader in energy and sustainability enterprise resource planning (“ERP”) software, has completed the acquisition of Wattics. Founded in 2011 in Dublin, Ireland, Wattics is an innovative global provider of energy management analytics and monitoring software.
“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 decarbonization. EnergyCAP and Wattics together become the ideal solution to support and validate the entire customer journey to net-zero.”
With 40% of global carbon emissions originating from the built environment, many organizations have established goals to decarbonize their operations and achieve net-zero carbon emissions within the next ten to twenty years. Customers use Wattics to identify anomalies, monitor air quality and trigger real-time notifications and recommendations to end-users.
“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.”
For forty years, EnergyCAP has helped over 10,000 energy and sustainability leaders across government, education and commercial sectors streamline energy management, utility bill accounting and sustainability reporting. EnergyCAP’s financial-grade energy data analytics platform and tools make it the leading energy and sustainability ERP platform on the market today.
“We are so proud and thrilled to be joining forces with EnergyCAP,” said Wattics CEO and Founder Antonio Ruzzelli. “It is the coronation of a journey that started in Ireland over ten years ago, which now has a global footprint in over fifty-five countries. With EnergyCAP, we have a huge opportunity to dramatically accelerate our mission, allowing companies to mitigate climate change by purposefully managing their carbon footprint.”
With strategic and operational support from Resurgens, EnergyCAP will continue to evaluate mission-aligned M&A opportunities in the future, particularly for software companies specializing in tracking greenhouse gases and reduction in energy consumption. In the near term, the team is focused on the successful integration of the combined company and supporting its customers with the added resources this new partnership unlocks.