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Noveda Technologies Acquires Energy Efficiency Company MakeMeSustainable

BRANCHBURG, N.J. BOSTON July 12, 2011 Noveda Technologies ("Noveda") MakeMeSustainable ("MMS") Boston, MA.

The transaction was funded through a mix of cash and Noveda stock and as part of the agreement, the founders and employees of MMS will join Noveda, effective immediately.

MakeMeSustainable provides industry-leading energy and environmental assessment tools, that enable corporations, organizations and educational institutions to effectively view, manage, and reduce their energy and water consumption. The company’s recently launched enterprise-grade efficient facility tool, Effacility, enables audits and analysis of energy and water use, which then feeds into a robust recommendation engine to provide targeted energy and water saving solutions. The company also operates a successful consumer-facing carbon calculator and social network, which brings together energy-conscious consumers and leverages their collective network to affect change and promote green products and services.

Govi Rao

The combined product suite will also feature a social media-based platform that leverages existing communities, crowd-sourced energy and water solutions, and educational tools, enabling Noveda to access new markets and serve new clients. The new social media-based platform will expand Noveda’s portfolio in education and training tools that promote awareness and help drive energy and water conservation.

Benjamin Brown

About Noveda Technologies

India Israel

http://www.noveda.com

About MakeMeSustainable

Benjamin Brown David Delcourt Adam Brown Boston http://www.makemesustainable.com

SOURCE Noveda Technologies

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