Wednesday, August 3, 2016
Renovate America Acquires CakeSystems For Energy Auditing, Modeling Software
San Diego-based Renovate America, the provider of residential clean energy financing programs, said this morning that it has acquired CakeSystems, a developer of home energy modeling and auditing software. Financial terms of the buy were not disclosed. CakeSystems was previously owned by nonprofit Earth Advantage. The companies said that Renovate America acquired both the codebase and intellectual property assets of CakeSystems, which it said has the "most accurate, fastest, and easiest" energy auditing tools on the market. Those tools are used by utilities, energy auditors, and energy efficiency programs for estimating the cost of energy efficiency upgrades.