Spacewell Broadens Its Smart Building IoT Capability By Acquiring DEXMA

Spacewell Broadens Its Smart Building IoT Capability By Acquiring DEXMA

On December 10, 2020, smart building software vendor Spacewell (part of the Nemetschek Group) announced that it had acquired DEXMA, a provider of energy management software headquartered in Barcelona. Founded in 2007, DEXMA employs 45 people and has 4,000 end-customers through its partnerships with energy services firms such as Enel X, Engie, Norlys and SMS. The deal will extend Spacewell’s capability in automated energy monitoring and management of buildings, helping Spacewell further support clients with their carbon reduction and sustainability strategies.

DEXMA, analysed in previous Verdantix software benchmarks, offers a strong energy management software platform for energy services providers and multi-site firms looking for greater visibility into their energy usage. DEXMA’s energy management software enables partners to apply their own branding to the platform via white labelling and quickly onboard new customers. In addition, DEXMA has built out a comprehensive app marketplace where customers and partners can build apps to increase and further customize DEXMA’s software capabilities. Its marketplace currently includes apps for carbon emissions calculations and microgrid monitoring.

The acquisition is a strong strategic move for Spacewell that will help extend its existing IoT monitoring capability for buildings. In 2017, Spacewell launched the IoT platform COBUNDU, which has so far been deployed by its clients to support the real-time monitoring of space. Witness insurance firm AXA in Belgium using the COBUNDU platform to help it analyse space utilization data from 1,850 sensors and achieve a desk-to-employee ratio of 0.6.

The deal also comes at a time when new-generation sustainability programmes and net zero carbon targets are triggering renewed interest in energy management. Our 2020 survey with 250 corporate facility managers showed that 36% of firms plan to invest in energy management software in the next year, up from 30% of firms in our 2019 survey. However, this market is quickly getting competitive, with new entrants BrainBox AI, EFFORCE and Hatch Data all launching energy analytics propositions in the past 12 months.

To learn more about the technology developments coming to the smart building market, read our report 10 Predictions For Smart Building Technology In 2021 And Beyond.