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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

About MakeMeSustainable

Benjamin Brown David Delcourt Adam Brown Boston

SOURCE Noveda Technologies

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