Verisae, a leading global provider of SaaS solutions that drive cost reductions in maintenance, energy, mobile workforces, and environmental management, and Ecova, a total energy and sustainability management company, are pleased to announce the success of their growing partnership to help multisite companies solve their toughest energy, operations, and maintenance challenges.

The continuous monitoring solution combines Verisae’s Software-as-a-Service (SaaS) technology platform with Ecova’s Operations Control Center (OCC) to empower data-driven decision making. The solution analyses operational data in real-time, and has the capability to look for issues and anomalies to predict equipment failure and automatically identify inefficiencies causing higher energy consumption.

Ecova’s fully-staffed 24/7/365 OCC investigates inbound service calls, alarms, telemetry data, and work orders to determine the source of energy, equipment, and system faults and, where possible, corrects issues remotely before they escalate into financial, operational, or comfort problems. Trouble tickets and inbound calls are captured and tracked in the Verisae platform to provide companies with visibility into any operational issues. Combining data analytics that flag potentially troubling conditions with a service that investigates and resolves issues increases operational efficiencies and improves energy savings.

“Companies are constantly challenged to cut costs while maintaining quality, performance, and comfort,” says Jerry Dolinsky, CEO of Verisae. “Our combined solution helps clients address these challenges so they can reduce costs and improve operational efficiencies without impacting value.”

Concluding 2014, Ecova was mentioned by Forbes as one of ten companies to watch in energy analytics and cites Verisae’s platform as a key component of the continuous monitoring solution. Ecova was also recognized for helping to identify approximately $800 million in energy savings during 2013.

Forbes references Ecova’s research stating that 57% of 500 surveyed executives plan to spend more money and time in 2015 on technologies that help them gain more control over their energy costs. Furthermore, 60% of respondents think that expenses will increase over the next 12 months; therefore, motivation to invest has grown amongst many.

Since Verisae and Ecova’s partnership commenced in Q2 2014, nearly 3,000 client facilities have started using the continuous monitoring software and services. Clients across multiple industries, including, but not limited to, grocery chains, restaurant chains, and medium-and big-box retailers, are currently using the solution.

About Verisae
Verisae is a leading provider of SaaS solutions that manage asset and equipment maintenance, energy usage, mobile workforces, environmental efficiency, and compliance for companies in the utilities, telecommunications, retail, and service management industries. Verisae offers cloud-based solutions that are simple, integrated, mobile, and operate on an open API technology platform - The Connected Facility. Backed by Marlin Equity Partners, a $3 billion private equity firm, Verisae has a network of more than 150,000 registered users managing in excess of three million assets at more than 50,000 sites in North America, Europe, and Asia. For more information, please visit www.verisae.com.

About Ecova
Ecova is the total energy and sustainability management company whose sole purpose is to see more, save more, and sustain more for its clients. Using insights based on consumption, cost and carbon footprint data spanning thousands of utilities, hundreds of thousands of business sites and millions of households, Ecova provides fully managed, technology-optimized solutions for saving resources, which in turn increase returns, lower risks, and enhance reputations. Ecova is a subsidiary of Cofely, the leading brand of GDF SUEZ Energy Services. For more information, visit the company’s website at ecova.com, on LinkedIn at linkedin.com/company/ecova, or follow Ecova on Twitter at @ecovainc.

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