BID Equity acquires 100% of shares in eSight Energy Group Ltd.
BID Equity has acquired 100% of eSight Energy Group Ltd’s shares. eSight Energy is a global energy management software developer and solutions provider. The transaction was closed in April ’18.
Founded in 1998, eSight Energy provides enterprise clients a platform with unrivaled intelligence concerning their energy usage, enabling them to track and optimize energy consumption across complex multi-site commercial applications. With locations in the US, Europe and Asia, eSight Energy currently serves clients in 60 countries and in 17 languages. “eSight’s acquisition by BID Equity represents an exciting new growth phase for the group. This investment is a strategic opportunity to significantly expand our business into new market segments and to elevate our client service and product development to the next level” said Janie Jefferies-Freer, CEO of the eSight Group.
BID Equity’s investment rationale is that eSight Energy is a leading player in a fast-growing market. BID Equity will help eSight’s management team to further professionalize in order to continue and accelerate the organic growth trajectory of the past. Additionally, BID Equity’s cross-border technology buy & build approach will create additional momentum for the group. In combination with BID Equity’s IOT (Internet of Things) portfolio company Z-Wave Europe, the transaction will enable eSight Energy to offer their customers a unique software-hardware solutions as a one-stop-shop.
About eSight Energy
eSight Energy is a leading developer of energy management software that helps to track and improve customers’ energy consumption. The wide range of functionality includes tracking and analyzing energy consumption, identifying and managing ECMs (energy conservation measures), tenant billing, and many other site analytics targeted towards helping companies make informed improvements to building operational efficiency. eSight is able to analyze complex energy environments by taking energy and other related performance data from disparate systems into a single application.
The company serves a global customer base from its offices in Cambridge (UK), Chicago (US) and Hong Kong.