About PowerSecure
PowerSecure is a Business Services company based in Wake Forest (United States) founded in 1991, and was acquired by Southern in February 2016. It operates as an energy efficiency and smart grid management solutions. It operates in the Business Services and Energy & Utilities sectors. PowerSecure has completed 2 acquisitions, including Power Pro-Tech and Solais Lighting. Its website powersecure.com draws about 19 thousand monthly visits. PowerSecure offers products and services including Microgrids, Energy Efficiency Services, and PowerControl Monitoring. Its focus areas include Energy Tech, Energy Efficiency Tech, ESCO and Project Management. Its legal entity is PowerSecure, Inc. Its competitors include Particle, Landis+Gyr, Span.IO, AwoX and Resideo and 5 more; 8 of its 10 listed competitors have raised funding.
Company details
Founded in 1991 and based in Wake Forest, United States, PowerSecure operates in the energy sector. Solutions for energy efficiency and smart grid management are supplied to electric utilities, institutional, and commercial customers. Services encompass interactive distributed generation, utility infrastructure, and solar energy. Energy-efficient lighting using LED technologies is included, along with design, installation, and maintenance for conservation efforts.
- Latest Funding Round$40M (USD), Grant
Sep 2015
- InvestorsCiti
& 2 more
- Investments & AcquisitionsPower Pro-Tech
& 1 more
- Acquired bySouthern
(Feb 2016)
Products & Services of PowerSecure
PowerSecure offers a comprehensive portfolio of products and services, including Microgrids, Energy Efficiency Services, and PowerControl Monitoring.
Delivers reliable power systems for resilience against outages.
Implements projects to reduce costs and enhance sustainability.
Offers 24/7 oversight of energy resources for optimal performance.
Apps and channels of PowerSecure
its YouTube channel PowerSecure, Inc. has 202 subscribers and 30 videos.
Videos from PowerSecure
The most watched videos on PowerSecure's YouTube channel, PowerSecure, Inc. (202 subscribers). Click a video to play it here.
More on PowerSecure, Inc..
Funding Insights of PowerSecure
- Total Rounds 2
- Last Round Grant — $40M
- First Round $25M
(Jun 2013)
- Investors Count 2
All 2 funding rounds of PowerSecure with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
3 investors in total: 3 institutional.
Investors in PowerSecure
PowerSecure has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Citi, Southern Company and BB&T.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified financial services are offered through commercial banking operations. | 1812 | citigroup.com | New York, United States | |
- | – | bbt.com | - | |
Energy utilities, natural gas, and communications technology are provided. | 1912 | southerncompany.com | United States |
Investor details for PowerSecure
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People of PowerSecure
115 people are tracked at PowerSecure (24 in leadership, 91 in team).
| Name | Role | Group |
|---|---|---|
Andrew Wall | Senior Vice President, Chief Commercial Officer | Leadership |
Chris Cummiskey | CEO | Leadership |
John Trawick | Chief Administrative Officer | Leadership |
Eric Dupont | Chief Development Officer | Leadership |
Elliott Spencer | Chief Financial Officer | Leadership |
Chad Pressley | Senior Director Of Technical Services | Leadership |
John L. Pemberton | Chief Compliance Officer | Leadership |
James Smith | President | Leadership |
Scott Wagner | Director Of US Fleet Operations | Leadership |
Andy MacAry | Operations Director-water Conservation | Leadership |
Todd J. | Vice President Of Corporate Development | Leadership |
Charles Grubbs | Director Of Operations | Leadership |
Robert Carson | Director Of Fleet Operations And Compliance | Leadership |
Dusty Belk | Director Of Project Development Engineering (epc) | Leadership |
Cathy Stevens | Vp, Treasurer & Comptroller | Leadership |
Robert Tugwell | Vice President Public Utilities | Leadership |
Kyle Roberts | Vice President Of Strategic Assets | Leadership |
Lucas Weyant | Director Of Operations | Leadership |
Scott Kolek | Senior Vice President | Leadership |
Michael Dunlap | Director, Corporate Financial Planning & Analysis | Leadership |
95 more people are available in the full profile.
Complete people profiles for PowerSecure
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- Board tenure
- Professional contacts
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Investments & Acquisitions by PowerSecure
PowerSecure has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Power Pro-Tech and Solais Lighting.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Distributed power solutions are provided for energy needs since 2002. | powerprotech.com | Altamonte Springs, United States | 2002 | Apr 2017 | •••• | |
Manufacturer of smart LED lighting products | solais.com | Stamford, United States | 2008 | Apr 2013 | $15M |
Complete acquisition details for PowerSecure
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Timeline of PowerSecure
7 dated milestones of PowerSecure across 26 years, from founding to its latest funding, stage changes and deals.
- Founded PowerSecure is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Solais Lighting.
- Funding First funding round of $25.0M.
- Funding Latest funding round, Grant, of $40.0M.
- Exit Acquired by Southern.
- Acquisition Acquires Power Pro-Tech.
Competitors of PowerSecure
PowerSecure has 10 listed competitors in our database, 8 of them funded. They include Particle, Landis+Gyr, Span.IO, AwoX and Resideo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| landisgyr.com | 1896 | Zug, Switzerland | $1.03B | 996 | End-to-end energy management solutions are provided for utilities worldwide. | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| awox.com | 2003 | Montpellier, France | $5.13M | – | Wifi-enabled smart home appliances are provided by AwoX. | |
| resideo.com | 2018 | Wilmington, United States | – | 293 | Smart home products for security and energy efficiency are provided. | |
| franklinenergy.com | 1994 | Milwaukee, United States | – | 641 | Energy efficiency programs are designed for utilities and municipalities. | |
| phononic.com | 2009 | Durham, United States | $207.9M | 109 | Solid state thermal management solutions using semiconductors are developed. | |
| bidgely.com | 2011 | Mountain View, United States | $87.66M | 39 | Household energy use is monitored and managed via disaggregated analysis. | |
| digitallumens.com | 2008 | Boston, United States | $54.3M | 50 | Intelligent LED based lighting solutions | |
| swellenergy.com | 2014 | Santa Monica, United States | $133.64M | 111 | Reseller and installer of energy storage devices |
Detailed competitors of PowerSecure
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Web traffic of PowerSecure
The website of PowerSecure (powersecure.com) receives about 18.9K visits a month.
- Monthly visits18.9K
▲ 16.8% vs previous month
Websites whose visitors overlap most with PowerSecure. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details | |
| reddit.com | 77% | 4.4B | #9 | View details | |
| facebook.com | 73% | 12.1B | #3 | View details | |
ustpower.com | ustpower.com | 72% | – | #4,396,292 | – |
| cyber-sciences.com | 70% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for PowerSecure
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- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Facility Management Platforms
10 companies that operate in the same segment as PowerSecure (Facility Management Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | – | 2,458 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | – | 463 | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based video intercoms and physical security systems are provided. | 2000 | Tysons, Virginia, United States | USD 137.36 M | USD 1.01 B | 2,009 | |
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 | |
Cloud and app-based facility management and service automation platform | 1999 | New York, New York, United States | USD 54 M | – | – | |
SaaS-based CAFM software is delivered for commercial facility management. | 1995 | Leicester, England, United Kingdom | USD 23.43 M | USD 98.38 M | 774 |
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Related news about Powersecure
Complete news archive for PowerSecure
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Frequently Asked Questions about PowerSecure
PowerSecure was founded in 1991 and raised its 1st funding round 22 years after it was founded.
PowerSecure is headquartered in Wake Forest, United States. It is registered at Wake Forest, North Carolina, United States.
Founded in 1991 and based in Wake Forest, United States, PowerSecure operates in the energy sector. Solutions for energy efficiency and smart grid management are supplied to electric utilities, institutional, and commercial customers. Services encompass interactive distributed generation, utility infrastructure, and solar energy. Energy-efficient lighting using LED technologies is included, along with design, installation, and maintenance for conservation efforts.
PowerSecure's top competitors include Particle, Landis+Gyr and Span.IO.
PowerSecure offers Microgrids, Energy Efficiency Services, and PowerControl Monitoring.
PowerSecure has made 2 acquisitions, including Power Pro-Tech, and Solais Lighting.
PowerSecure has 3 investors. Key investors include Citi, Southern Company, and BB&T.
PowerSecure operates through Powersecure, Inc..
Yes. PowerSecure was acquired by Southern in February 2016.