Marlin Buys Sustainability Software Firm Verisae

by | Jan 11, 2013

Sustainability software firm Verisae Inc. has been acquired by private investment firm Marlin Equity Partners.

Verisae specializes in cloud-based maintenance, energy, environmental and sustainability management software as a service. It says that the Marlin takeover brings access to best practices, technology resources and capital that Verisae hopes will lead to innovation and growth, particularly in the grocery, food service and specialty retail markets.

The Verisae platform enables retailers to reduce overall operating costs through management of energy, asset lifecycles and environmental compliance. By integrating business information and processes in one data platform, with analytics to drive insight and fact-based decisions, Verisae says it helps improve customer satisfaction and boost bottom-line profits by 15-25 percent.

Verisae, CA Technologies, CarbonSystems, IBM and Schneider Electric lead the global market for energy management software, according to a Verdantix study, covered at Energy Manager Today.

Verdantix said Verisae has established itself as a market-leading provider because of the breadth of its energy management functionality, proven integration with a wide range of meters and controls, utility bill management, deep energy and industry domain credentials, established enterprise-scale customer base and partnerships with systems integrators and consultants.

Verisae is one of several companies developing functionality for a specific sector – grocery retail, in Verisae’s case. Last November, southwestern US grocery retailer Sprouts Farmers Market announced it had installed Verisae software to support the company’s aggressive growth strategy.

The grocer, which recently merged with Sunflower Farmers Market, implemented core components of Verisae’s connected facility platform including asset management, refrigerant management and enterprise asset purchasing tools.

In March last year, Verisae announced a strategic partnership with Scottish IT hardware company Resource Data Management. Under the agreement RDM assumed ongoing service and warranty support of third-party hardware for Verisae’s current and future clients.

In May 2011 a Verisae report focusing on grocery stores named submeters, consumption analysis and maintenance of existing systems as three low-capital ways that companies can significantly reduce their energy consumption.

The software provider’s report, Ten Ways to Slash Energy Cost & Reduce Budget Uncertainty, says grocery stores consume the most energy of any retail segment and operate on the narrowest margins.

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