2008 second prize winners Pulse Energy (formerly Small Energy Group) have been acquired by Boston based EnerNOC Inc. (Nasdaq: ENOC) for an undisclosed amount.
Vancouver based Pulse Energy sells energy intelligence software to utilities, which then offer the service to its industrial and business clients to help manage their energy consumption and reduce energy bills.
Pulse Energy co-founder and CEO David Helliwell, who will stay on as the lead for EnerNOC’s Vancouver division, told Business in Vancouver that the merger made a lot of sense.
“It just became really clear to both of us that we filled gaps in one another’s offerings really well,” Helliwell told Business in Vancouver. “For Pulse to get to where we want to go, we can do it way faster alongside EnerNOC than we could on our own.”
Pulse Energy was founded in 2006 by Helliwell and former Crystal Decisions CEO Greg Kerfoot. It employs 70 people.