EnerNOC has acquired EnTech, the provider of global utility bill management software. The terms of the transaction were not disclosed.
EnTech generates approximately $10 million in revenue annually and has offices in eight countries. It is headquartered in the United Kingdom and operates a software development center in Mumbai, India with approximately 100 employees at that location. EnTech’s software supports 200,000 utility tariffs worldwide and currently processes over one million utility bills per year for its customers.
“EnTech has impressive global reach. Its software product is the global UBM solution of over 50 enterprises. Eight of the Fortune 50, including the largest companies in the world in telecommunications, consumer products, banking, and auto manufacturing rely on EnTech’s UBM software,” said Tim Healy, Chairman and Chief Executive Officer of EnerNOC. “EnTech’s success to date is especially impressive considering that it has built its global presence primarily on its reputation and product differentiation without a sales force or marketing support.”
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