Attis Industries completes acquisition of Noveda Technologies

Attis Industries announced the acquisition of Noveda Technologies, a provider of web-based energy and water management solutions.

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June 6, 2018
Edited by Adam Redling
Mergers and Acquisitions

Attis Industries Inc., a diversified innovation and technology holding company based in Milton, Georgia, announced the completion of a strategic investment in Noveda Technologies, Inc., a Bridgewater, New Jersey-based provider of web-based energy and water management solutions. 

The transaction was completed as part of Attis’ recent acquisition of an 80 percent stake in FLUX Carbon LLC, and includes a license to use Noveda’s technologies. Noveda is leading the integration of emerging concepts like blockchain, artificial intelligence and machine learning to streamline resource management while helping to decrease consumption, optimize performance and reduce carbon footprints for customers and users.

Noveda's patented monitoring solution integrates consumption and generation data to provide actionable real-time intelligence for owners, operators and users, including for users across networks of production facilities, the company says.

In addition to its several multinational clients, as well as clients in an array of industries from healthcare to renewable energy, Noveda’s solutions are now made available to over 10,000 member schools in the Green Schools Alliance. Noveda is also one of the first companies selected by New York State Energy Research and Development Authority (NYSERDA) as an approved vendor in the Real Time Energy Management (RTEM) program, leveraging a 30 percent incentive for the hardware and installation costs paid by NYSERDA. 

“The Noveda platform has compelling synergies in our innovation and healthcare groups where they will help to drive awareness of key performance metrics,” Attis Industries CEO Jeffrey Cosman says. “We’re especially excited by the work Noveda is doing with emerging uses of blockchain. We’re looking forward to working with the Noveda team.”