Friday, 24 June 2011

Enablon receives $15m funding for international expansion

Enablon Sustainability management software company Enablon has received $15m investment from the Environmental Technologies Fund (ETF) to support further R&D and expansion in Europe, North America and Asia.

Enablon, probably best known for its carbon accounting software, now supplies a range of solutions to help companies become more sustainable, including corporate responsibility, sustainable supply chain, energy efficiency and carbon management, risk management, and corporate governance. The company, which was founded in Paris in 2000, says that its solutions are now used by more than 250 companies around the world with 200,000 users.

ETF, which is providing the new investment backed by institutional investors, specialises in providing funding to growth companies with worldwide ambitions that are making an environmental impact.

 

Enablon has already made a name for itself as an energy/carbon accounting software provider. Last year Groom Energy Research released a report into the Enterprise Carbon Accounting (ECA) software market in which Enablon was named as one of eight 2010 ECA Emerging Leaders, based on number of customer deployments, technology features, market vision and financial stability.

The company now claims to provide the industry’s most comprehensive suite of software, content and technology to manage sustainability performance. Maybe so, but there is intense competition across this sector of the green ICT market and in the short term its not clear whether an all-encompassing sustainability solution company will win out against those with a narrower specialist focus.

But it does mean Enablon has a head start. In the longer term we will also see increasing partnerships and, eventually, consolidation into a few major players with similar broad offerings.

© The Green IT Review

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