As the most widely adopted ESG technology platform for real estate, Measurabl has acquired WegoWise, a software platform for utility data automation and residential real estate from AppFolio. The acquisition will allow Measurabl to consolidate a scaled utility automation backbone and residential real estate software application into its overall ESG platform. This will create seamless access to utility data while fulfilling the growing ESG needs of single-family and multifamily real estate.
“Our product vision is to deliver ESG solutions for every real estate stakeholder—from owners to lenders, occupiers to residents—from meter to market,” says Matt Ellis, CEO and founder of Measurabl. “This is another major step in delivering on our expansive vision of removing barriers to sustainability data and making it accessible across the entire real estate industry.”
Measurabl also acquired Hatch Data in April. Rather than needing a mix of third-party technologies and service providers, WegoWise uses proprietary utility automation infrastructure to unlock business and product innovation opportunities for Measurabl customers and partners.
In multifamily real estate and affordable housing, WegoWise has successfully developed product capabilities to automate utility data collection, support U.S. regulatory reporting, and benchmark assets and residential units. Its 650 customers are entirely additive to Measurabl’s leading solution that is adopted across over 13 billion square feet of commercial real estate in 90 countries valued in excess of $2 trillion.
“Over the last several years, WegoWise has been vital in not only determining the multiplication of energy and water savings we have been able to achieve over our portfolio of communities, but in easily communicating that savings to our clients and residents,” says Elizabeth Merzigian, sustainability manager at Peabody Properties. “Now that WegoWise is part of Measurabl, we’re excited to have access to a more expansive, market-leading ESG toolkit that can help us bolster our ESG program even further.”