I've written often about the energy and carbon management software marketplace, and the potential for consolidation that exists as more businesses start including this in their operations mix. One big player, TRIRIGA, has already been snapped up by IBM, a deal that recently closed. Now, another big player, Hara, this week has scored another $25 million and a management coup in the form of its new chairman, ex-Oracle President and COO Ray Lane.
Among the firms contributing to the funding round are Energy Technology Ventures, Kleiner Perkins Caufield & Byers, JAFCO, Nth Power, Focus Ventures and Navitas Capital. The new moolah brings Hara's total funding to $45 million.
In a statement explaining his interest in Hara, Lane said:
"Hara is already the established leader in the energy and resource management space, and I have been impressed with the dramatic market momentum it has built over the past couple of years. Effective energy and environmental management is now a business imperative that requires full accountability from companies and their stakeholders across industries."
Hara counts approximately 50 industry and government customers. It also scored some visibility by winning recognition in the GE Ecoimagination Challenge "Powering the Grid" competition. It should be interesting to see how Lane's addition helps raise this company's profile in the enterprise software world as well as with certain key enterprise software players.