EnerNOC makes strategic investment in WeSpire to target energy savings at companies

David Harris, Tech Editor – Boston Business Journal
June 25, 2014

Full article here

EnerNOC (Nasdaq: ENOC), a Boston-based provider of energy intelligence software, announced Tuesday that it made a strategic investment in Boston-basedWeSpire, a Boston software startup that focuses on keeping a company’s employees engaged in sustainability.

The financial terms of the deal were not disclosed.

Under the terms of the agreement, EnerNOC has exclusive rights to market a white-labeled version of WeSpire’s employee engagement application, customized for enterprise and utility customers. Through the agreement, WeSpire will be available to all EnerNOC customers.

By using WeSpire software, users can earn points for actions related to projects that span energy, water, waste, transportation, food, volunteerism, and corporate citizenship. Founded as Practically Green in 2010, WeSpire’s customers include eBay, McDonald’s, Unilever and MGM Resorts International.

“Changing behavior is one of the most effective ways that organizations can take control of energy use, but it also requires a systematic approach built on proven behavioral science,” said Susan Hunt Stevens, founder and CEO of WeSpire. “By pairing WeSpire’s interactive technology to motivate people with EnerNOC’s ability to pinpoint the largest opportunities for energy-related savings, organizations can not only get a high return on investment, but improve overall employee engagement metrics, and deliver against broader sustainability goals.”

As part of the deal, EnerNOC CEOTim Healy will join WeSpire’s board of directors.