Calico Energy Services, a Bellevue software company whose technologies are used to help residential and business customers reduce energy costs, has secured an undisclosed investment from Point B Capital. Calico, which was recently named one of the smart-grid companies to watch in 2011, helps customers plan and integrate energy-efficient solutions.
That includes rate modeling, pricing services, analytics, device management and other energy efficiency programs.
The company says that it “unifies, mines, and distills data from a broad variety of systems and devices to provide detailed visibility into energy usage.”
Point B Capital’s Henry Lin said they were attracted to Calico in part because the company has achieved positive cash flow with an impressive list of customers.
“Along with our investment, we see an immediate opportunity to leverage Point B’s execution know-how and its deep knowledge of the utility industry and relevant relationships to help Calico address key growth initiatives in the years to come,” Lin said in a release.
Point B Capital is a unit of Point B, a management consulting firm with more than 400 consultants and revenue of $89 million last year.
Calico Energy is led by president Michael Miller, a former KeyBank and Payroll Online executive, and CEO Brian Dawson, formerly of StrataGen and Microsoft.
