American firm EnergyCAP, a pioneer in energy and sustainability enterprise resource planning software, has acquired Wattics, a provider of energy management analytics and monitoring software based in Dublin 8.

Wattics was established in 2011 by Antonio Ruzzelli and Anthony Schoofs and the company says its software and analytics tools have helped hundreds of energy professionals across the globe discover improve sustainability in their operations.

The company uses software algorithms to analyse raw energy measurements and uncover anomalous energy usage in appliances, equipment, or entire buildings, enabling real-time notifications and alerts to unusual behavior and consumption trends.

Wattics says its customers have consistently achieved savings greater than 20% in commercial and industrial buildings.

Wattics Ltd booked a loss of €11,000 in 2020 but the previous year the company reported a net profit of €520,000. Net worth in December 2020 was a negative €237,000.

In Association with

Anthony Schoofs ceased his directorship role in 2019

“We are so proud and thrilled to be joining forces with EnergyCAP,” said Ruzzelli (46). “It is the coronation of a journey that started in Ireland over ten years ago, which now has a global footprint in 55 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.”

EnergyCAP CEO Tom Patterson commented: “Our mission is to empower energy and sustainability leaders with actionable data to manage consumption, reduce their carbon footprint, and drive savings.

“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.”

EnergyCAP says it 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 is backed by private equity firm Resurgens Technology Partners.

Photo: Antonio Ruzzelli and colleagues at the launch of Wattics in 2011