ENXSuite, formerly known as Carbonetworks, is one of many software companies betting that businesses need to actively manage energy spending.
The start-up announced Thursday that it has changed its name and has hired former Oracle and Aspect Communications executive Beatriz Infante as CEO. It's also in the process of raising additional capital to expand, it said.
When it first launched in 2007 from Vancouver, ENXSuite developed software for businesses to manage carbon-reduction programs and comply with regulations. Since then, it's expanded its hosted software to track greenhouse gas emissions as well as energy, water, and waste.
"We have already shifted. Our customers have pulled us there," Infante told Greentech Media. "Some customers (use the software) to actively manage carbon credits, but in the U.S. we don't have cap and trade."
Businesses can, for example, use the software to decide which energy efficiency programs have the best return on investment, purchase carbon credits, or create scorecards on how they are meeting reduction goals. The city of Chicago this week said it will use ENXSuite software to manage a program to reduce its greenhouse gas emissions.
Although there many ways to run energy and sustainability programs using software, it is an increasingly busy field with established companies SAP, Oracle, and CA as well as other start-ups including Hara Software, Verisae, and Planet Metrics.