Industry Leaders Back BuildingIQ with Strategic Venture Financing Round

  Industry Leaders Back BuildingIQ with Strategic Venture Financing Round

 BuildingIQ to accelerate rollout of Building Energy Optimization software in
  North America with funding from Aster Capital, Siemens Venture Capital and
                            Paladin Capital Group

Business Wire

SAN FRANCISCO -- January 22, 2013

BuildingIQ, Inc., a leading building energy management software company with a
mission to redefine the way energy is managed in commercial buildings, today
announced another significant milestone with the closing of $9 million in
venture funding. Leading financial and strategic investors include Aster
Capital (backed by Schneider Electric, Alstom and Solvay), the Venture Capital
unit of Siemens Financial Services (SFS VC) and Paladin Capital. The funding
will be used to accelerate growth and execute energy efficiency projects for a
growing pipeline of commercial buildings in North America and Australia. In a
recent report by Pike Research (2012), BuildingIQ was described as “one of the
leading vendors for Energy Management Systems in the smart buildings market

“We have a unique perspective on this market as a result of our strong LP
relationship with one of the world’s leading building management systems
vendors, Schneider Electric,” said Todd Dauphinais, partner at Aster Capital.
“After evaluating a wide range of energy management offerings in the market,
we quickly became convinced that BuildingIQ’s technology, low cost and high
ROI profile provides commercial building owners and managers with a superior
solution. We have been impressed with the company’s growth and are excited
about its prospects with this new financing.”

“We have a long history of investing in leading energy and technology
companies, as well as a deep understanding of what it takes to succeed in
these markets,” stated Dr. Ralf Schnell, CEO of SFS VC. “We believe
BuildingIQ’s solutions and approach are a positive contribution to the
industry’s development.”

“Over the past few years, BuildingIQ has distinguished itself for offering a
solution that not only identifies energy efficiency opportunities but also
makes changes in control systems automatically in order to realize those
opportunities,” said Eric Bloom, senior research analyst at Pike Research – a
part of Navigant. “In our recently published research brief, Building Energy
Management Technology Landscape, we highlighted the value of partnerships that
allow firms to focus on their unique, differentiating capabilities in an
increasingly competitive market for building energy management systems.
BuildingIQ’s work with energy management leaders Schneider Electric and
Siemens is a good example of this sort of ‘co-opetition.”

According to Pike Research, the building energy management systems (BEMS)
market will be worth $6 billion worldwide by 2020. BuildingIQ is attacking
this growing sector and currently running large-scale implementations and
pilot programs with commercial enterprises, REITs, institutional owners,
property management firms, and utilities across North America and Australia.
The company has recently announced significant partnerships with leading
building management system vendors Schneider Electric and Johnson Controls and
an innovative energy optimization and demand response program with Nevada
Energy for its large commercial and industrial customers. BuildingIQ will be
scaling up its sales and marketing team in the U.S. to take advantage of these
relationships and market opportunity.

“We are delighted to partner with a strong syndicate of strategic investors to
help take BuildingIQ to the next level,” said Ken Pentimonti, principal at
Paladin Capital Group. “In addition to the strong value proposition BuildingIQ
provides to commercial buildings, we believe the company’s offering will also
help address the energy management goals of the U.S. military and federal
government, and we look forward to helping the company extend its presence in
these segments.”

As part of the investment, Todd Dauphinais, Ken Pentimonti and Gerd Goette,
investment partner at Siemens Venture Capital, will join BuildingIQ’s Board of
Directors, which already includes green building industry leader Greg Kats,
William Deane of Exto Partners, and CEO Michael Zimmerman.

“BuildingIQ is coming off of a spectacular year of growth in 2012 and we have
a great pipeline of opportunities for the year ahead,” said Michael Zimmerman,
CEO of BuildingIQ. “This funding from three of the most respected investors in
our space – including two of the leading building management system vendors –
represents significant validation of our leadership in the sector. Each of
these investors brings with them unique strategic channels and relationships
that, along with our existing relationships, will help BuildingIQ extend its
leadership and execute on our goals for 2013 and beyond. We could not be
happier with this unique syndicate and welcome Aster, Siemens and Paladin as
partners in our success.”

Recently named to the Global Cleantech 100 by the Cleantech Group as one of
the top private companies in clean technology, BuildingIQ provides the next
generation of energy management for commercial buildings. The company’s
software combines Big Data analytics, sophisticated Building Science, and
advanced Business Intelligence algorithms into Predictive Energy
Optimization^TM. This SaaS, cloud-based energy management platform
intelligently automates and continuously optimizes HVAC operations in
commercial buildings, providing property owners and operators with energy
savings and peak load reductions of up to 30 percent without any sacrifice to
occupant comfort. BuildingIQ’s Predictive Energy Optimization solution often
provides paybacks in less than 12 months and can be deployed within days.

About BuildingIQ, Inc.

Founded in 2009, BuildingIQ is a leading energy management software company
whose mission is to redefine the way energy is managed in commercial
buildings. BuildingIQ’s suite of software offerings are based on unique,
patent-pending Predictive Energy Optimization^tm technology. These offerings
reduce peak and ongoing energy cost and consumption, helping facility owners,
managers and occupants get more value out of their existing HVAC energy
systems. BuildingIQ has commercialized building control systems, modeling, and
comfort research developed by the world-leading experts at the Energy Division
of the Commonwealth Scientific and Industrial Research Organisation (CSIRO),
Australia’s national research organization.

About Aster Capital

Aster Capital is a leading clean technology focused venture capital firm
sponsored by Schneider Electric, Alstom, Solvay the European Investment Fund,
global leaders in the energy and chemicals industries who have jointly
invested in Aster’s second $130 million investment fund. With a total of $200
million under management, Aster aims to proactively leverage the expertise of
these sponsors to support its portfolio companies in their further

About Venture Capital unit of SFS

The Financial Services unit of Siemens (SFS) is an international provider of
business-to-business financial solutions. SFS helps facilitate investments,
providing commercialfinance, projectand structured finance and leveraged
finance solutions with specific asset expertise in the energy, healthcare,
industry, and infrastructure & cities markets. Employing more than 2,800
employees worldwide, SFS supports Siemens as well as other companies with
their capital needs and acts as an expert manager of financial risks within
the Siemens Group. As of September 30, 2012, the total assets amounted to
€17.4 billion. For more information, visit:

The Venture Capital unit of SFS – and corporate venture capital organization
of Siemens – invests in early-stage technology companies and established
growth companies, focusing on the energy, healthcare, industry, and
infrastructure & cities markets. The aim is to identify innovative solutions
from which Siemens can profit and plays a key role in Siemens' global
innovation network. To date, the company has invested more than €800 million
in over 150 companies and 40 venture capital funds.

About Paladin Capital Group

Paladin Capital Group is a leading multi-stage private equity firm providing
capital and strategic guidance to growing companies in the IT,
telecommunications and alternative energy sectors. The firm focuses on
companies with products and services that are “dual use” in nature, serving
both commercial and government customers. Paladin has over $950 million
dollars of committed capital across multiple funds and has invested in over 50
portfolio companies.

Pike Research – A Part of Navigant. (2012). Smart Building Managed Services.
Boulder, CO: Pike Research. Retrieved January 9, 2013, from

Note: The original press release is here if you’d like to link to the original


Vantage Communications for BuildingIQ
Katie Blair, +1-407-767-0452 ex 229
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