EnerNoc (ENOC), the demand response company quickly moving towards profitability is expanding its reach with today’s announcement of the purchase of greenhouse gas software and services firm eQuilibrium who’s current clients include Sears and News Corp. eQuilibrium’s software will eventually be integrated into EnerNOC’s existing PowerTalk platform but the company doesn’t expect this deal to have any impact on its financial results this year. Terms of the deal have not been disclosed.
“Our customers continue to look internally for cost-cutting strategies and energy management is an obvious choice,” said Tim Healy, EnerNOC’s Chairman and CEO. “eQ’s applications fit nicely into our strategic roadmap as they enhance our customers’ ability to identify and prioritize energy efficiency opportunities while concurrently satisfying existing as well as pending greenhouse gas reporting requirements.”
EnerNOC is trading off more than 5% today and testing the 50 day moving average for the first time since March.