Encorp and Envenergy merge, receive $7.11 million in funding
Jun 29, 2004 9:14 AM
New company headquartered in Windsor, Colo.
Encorp recently completed a transaction with Envenergy and closed on $7.11 million in new funding from lead-investor Rustic Canyon Partners. The two companies formed a new holding name, Encorp, Inc., and each merged with wholly owned subsidiaries of the holding company.
Encorp develops and markets services and products for the communications, control, and networking of distributed energy. Envenergy develops and markets remote monitoring, control, and gateway services and products for building-automation systems.
Based out of Windsor, Colo., Dennis Orwig, CEO of Encorp, will continue to hold that title with the new company, and Mike Cruse, co-founder and chief technology officer of Envenergy, will continue as chief technology officer.
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