MINNEAPOLIS & ATLANTA--(BUSINESS WIRE)--Verisae, the company reinventing the service supply chain, and Urjanet, the industry’s first automated utility bill and interval data-as-a-service solution, today announced a partnership to incorporate automated utility data into Verisae’s energy and sustainability management applications, vx Conserve and vx Sustain. This partnership provides Verisae’s customers access to current and historical utility data, helping them drive long-term improvements in energy consumption and facility operating costs while shrinking their carbon footprint.
“Getting high-quality, accurate utility data quickly is essential for our customers to identify big opportunities to improve building efficiency,” said Jerry Dolinsky, Verisae’s CEO. “The data made available by utility providers is not uniform across distributed locations, making it very challenging for multi-site organizations to gather and make sense of the data required for energy analysis. We selected Urjanet because the company is entirely focused on one thing: providing the best utility data possible. As a result, Urjanet has developed the widest global coverage across utility providers, enabling us to better support our customers’ expansive operations.”
Urjanet’s automated approach eliminates the fundamental problems associated with utility data acquisition, processing, delivery, and quality. Automatically capturing electricity, gas, water consumption, and cost data is extremely valuable to Verisae and its customers.
“Through Verisae’s energy and sustainability management platform, Urjanet data will give restaurants, convenience stores, retail chains, and other energy-intensive industries the information they need to target sub-optimally performing facilities for maintenance work and equipment upgrades,” said Sanjoy Malik, Urjanet’s CEO. “By analyzing and correlating data provided by Urjanet, Verisae's solution is able to identify issues and corrective actions, ensuring that equipment is operating properly and that managers are able to effectively manage cost, energy use, and carbon emissions.”
According to Madison Gas and Electric, quick-serve restaurants are some of the most energy-intensive buildings in the U.S., consuming approximately 81 kilowatt-hours of electricity and 174,000 Btu of natural gas per square foot annually. In fact, cutting energy costs by 20 percent translates directly into an additional one percent in profit. By providing a near real-time view into energy consumption and costs, the Verisae-Urjanet solution will help businesses stay competitive and alleviate pain points in industries with narrow profits margins and high energy spend.
“Urjanet’s superior consistency of data delivery, flexible data format, and straightforward technical integration helps our customers easily capture financial information and augment the value of data acquired from appliance-level submeters,” said Dolinsky. “By pairing our asset-level site data with Urjanet Utility Data, our customers are able to spot energy anomalies, mitigate energy risks, and calculate the ROI of specific energy efficiency upgrades.”
The combination of Urjanet data with Verisae’s dashboards and management tools allows clients to closely monitor energy usage and costs and quickly identify potential energy spikes. Customers do not have to worry about data collection and instead can focus on using analysis to figure out where improvements should be made.
Verisae’s software technology brings together the concepts of Big Data, machine-to-machine communications and mobile technology to deliver solutions for companies in retail, utilities, telecommunications, and service management industries. Verisae analyzes data to provide predictive, prescriptive and proactive maintenance and management. Operating on an open API technology platform, Verisae’s solutions are simple, integrated and mobile. Backed by Marlin Equity Partners, a $3 billion private equity firm, Verisae has a network of more than 180,000 registered users managing in excess of three million assets at more than 370,000 sites in North America, Europe, and Asia. For more information, visit the company’s website, or follow Verisae on LinkedIn and Twitter.
Urjanet’s mission is to provide the world with easy access to automated utility data. Our cloud-based platform connects directly to utilities to seamlessly acquire and normalize disparate utility bill and interval data. The processed data is delivered directly to industry-leading business applications.
Public and private organizations across the world use Urjanet data to achieve sustainability goals and reduce energy consumption and cost. Urjanet is rapidly becoming the global standard for utility data and powers applications from the leading energy and sustainability solutions providers.
Urjanet is a privately-held company headquartered in Atlanta, Georgia. For more information, visit www.urjanet.com.