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EnerNOC (ENOC) Acquires eQuilibrium Solutions

June 17, 2009 8:48 AM EDT
ENOC Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

Revenue Growth %: -23.0%
EnerNOC, Inc. (Nasdaq: ENOC) today announced that it has acquired privately-held eQuilibrium Solutions, Inc.

eQ's leading software-as-a-service solution enables commercial, institutional, and industrial enterprises to effectively monitor, mitigate, and monetize their carbon footprint through an efficient, comprehensive, and auditable process. eQ's applications will be integrated into EnerNOC's existing PowerTrak software platform, expanding EnerNOC's suite of energy management software and service offerings.

eQ's current customers, including Sears Canada and News Corporation, will maintain an ongoing relationship with EnerNOC. EnerNOC does not expect this transaction to materially impact its 2009 financial results.

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