Press Releases

Press Releases

Phoenix Energy Technologies Secures $5 Million Investment to Fuel Growth and Increase Enterprise Energy Management Market Share

Monday April 30, 2012
By: Phoenix Energy Technologies

Irvine, CA, April 30, 2012, – Phoenix Energy Technologies announced today that it has secured a $5 million joint investment from Five Peaks Capital Management and Bluff Point Associates.  The financing will fuel Phoenix Energy Technologies’ growth plans and further accelerate and strengthen the organization’s leadership position in the rapidly developing enterprise energy management (EEM) space.

“Phoenix Energy Technologies has developed an innovative approach (to EEM) that enables building connectivity across a building portfolio with no hardware and no on-site installation.  In other words, our enterprise energy management platform requires no ‘black box,’ which is a game changer for our multi-site customers,” says CEO and Founder, Lisa M. Varga.  “Over the past several years we have developed a solution that not only maximizes speed and minimizes cost to entry for multi-site organizations, it also enables us to take corrective action that proactively reduces energy consumption and costs across a building portfolio.”

As the enterprise energy management market matures, Phoenix is positioned to take center stage in the national retail arena, specializing in cost efficient EEM system implementation for large, geographically dispersed enterprises.  Utilizing existing building infrastructure, the PhoenixET SaaS platform, EnterpriseDX, facilitates the automation and integration of all data sources impacting energy consumption and costs, providing Energy Management and Facilities Maintenance executives with real-time transparency and visibility into building operations.  At the same time, Phoenix Energy Technologies’ services teamsevaluate customer data using the EnterpriseDX platform to define and take action on savings opportunities, a process that delivers quantifiable savings and measurable results.

Thought leaders in the industry, including Forrester Research, Verdantix, and Groom Energy Solutions have each highlighted the enterprise energy management industry as an industry primed for a period of hyper-growth over the next several years.  And, while many look for strategic entry points, Phoenix has quietly and strategically built the EnterpriseDX software platform, positioned its services team to drive ongoing customer value, and developed an infrastructure that can support rapid, sustainable expansion.

“We’ve focused on our customer’s points of pain and built a product and organization that responds to those points of pain.  At the same time, our solution is nimble enough to grow and evolve with the industry,” says Varga.  “Our momentum is building because we offer a total solution that is unlike any other in the market.”

About Phoenix Energy Technologies

Founded in 2004, Phoenix Energy Technologies is a leading provider of Enterprise Energy Management (EEM) software and services, working with customers to diagnose opportunities and implement strategies that reduce energy consumption and costs.  Through real time measurement and verification, PhoenixET helps its customers gain greater visibility to energy data across their building portfolios and turns data into cost-saving action. Phoenix works with some of the most recognized names in retail, as well as university and commercial customers in the U.S. and Canada.

About Five Peaks Capital Management

Five Peaks Capital Management (“Five Peaks”) is a Rowayton, Connecticut basedn investment firm seeking to make equity investments in businesses in the information & business services and related growth industries.  Five Peaks provides equity capital for growth, acquisitions and recapitalizations for entrepreneurial middle market companies in partnership with strong management teams. Five Peaks targets opportunities to invest in companies with high recurring revenue, significant operating leverage, healthy operating margins, strong free cash flow, and customer loyalty. Five Peaks’ investment activity is focused on business services, information services, media, communications and related growth sectors.  Five Peaks will also selectivelypursue opportunities outside of this core investment focus if they share similar business model and/or strong secular growth characteristics.

About Bluff Point Associates
Bluff Point Associates is a private equity firm based in Westport, Connecticut. Bluff Point actively invests in information services companies supporting the banking, trust, securities, retirement and wealth management sectors of the financial services industry, as well as the healthcare information services sector. Bluff Point’s team collectively has decades of experience in recognizing a company’s growth potential and working with its management to reach that potential.

Media Contact:

Nicole Cinquini-Bray – Director, Marketing

Phoenix Energy Technologies

877.340.8855 x1136

nbray@phoenixet.com