Point B Capital invests in Calico Energy Services

Energy data management solutions vendor Calico Energy Services has announced that it received financial backing from Point B Capital and hired the firm to provide strategic consultation to accelerate the company's growth. The energy firm did not specify, however, how much money Point B has invested.

Calico said it will use the money to accelerate growth, while leveraging the Point B’s broad portfolio of management consulting services.

“In addition to the capital investment that Point B Capital has made, Point B brings significant strategic value to our company,” said Michael Miller, president and COO of Calico Energy Services, in a statement. “Through the domain expertise of more than 400 consultants, Point B will help Calico continue to elevate our level of execution, accelerate our velocity, and maximize our spectrum of opportunity.”

Calico offers a secure software platform that simplifies smart grid data management and services, providing customers with energy intelligence, improved efficiency, reduced costs, and increased profit through a unified solution.

Calico said it evaluated potential investors and ultimately selected Point B Capital because of its consultation expertise.

Based on a thorough review of Calico’s management team, products, technology, and go-to-market strategy, Point B Capital said it determined that Calico aligned extremely well with their investment criteria and focus.

“Along with our investment, we see an immediate opportunity to leverage Point B’s execution know-how and its deep knowledge of the utility industry and relevant relationships to help Calico address key growth initiatives in the years to come.” said Henry Lin, managing director for Point B Capital.

Point B Capital is a wholly owned subsidiary of Point B that launches, inquires and invests in a select group of entrepreneurial businesses.

“Point B Capital is an entrepreneur-friendly investment firm that is building a diverse portfolio of investments based on shared alignment, customer focus, and corporate values,” said John Bjornson, president of Point B Capital.

Narayan Bhat is a contributing editor for TMCnet. To read more of Narayan’s articles, please visit his columnist page.

Edited by Carrie Schmelkin