Tendril acquires EEme

By Jensen Werley

BOULDER — Tendril Networks Inc., a provider of home energy management solutions for the utility industry, has acquired energy analytics provider EEme. EEme collects data from energy meters and determines how a home uses energy based on that data. The company’s platform can determine how much energy goes to the heating, the air conditioning, the refrigerator, etc. Taking the aggregate energy data of and breaking it down into how much energy each appliance uses is what EEme calls “disaggregate as a service.” Tendril decided to purchase EEme to incorporate that technology into its offerings, Jeff Woodward, director of solutions marketing for Tendril told BizWest. Tendril provides home data analytics on energy use for the utility industry, which in turn helps utilities improve their customer experience and acquisition. “EEme’s tech shows customers how their energy is being used and figures out things about the home that is useful to people,” Woodward said. He added that the technology can help determine if an air conditioner is running inefficiently and perhaps needs a filter change or needs to be replaced. “It’s good technology that can help improve how utilities communicate with their customers, and Tendril is an engine of how utilities communicate with customers.” Mark Gately, director of data science for Tendril, said some key employees from EEme would join Tendril and that EEme’s codebase would be integrated into Tendril’s. Tendril also recently secured a majority investment from Rubicon Technology Partners, with additional investment from Morgan Stanley Alternative Investments and ZOMA Capital.

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Source:: BizWest