ista North America purchases utility expense management software

ista North America and software publisher Good Steward Software have announced the purchase of EnergyCAP by ista North America. Good Steward Software's best-selling EnergyCAP energy efficiency software will replace ista's former software, Utility Manager. ista revolutionized utility expense management (UEM) when they introduced the concept to the multifamily industry in 2001. Since then, UEM has become a standard component of multifamily operations...

ALPHARETTA, GA, May 22, 2008 -- ista North America and software publisher Good Steward Software have announced the purchase of EnergyCAP by ista North America. Good Steward Software's best-selling EnergyCAP energy efficiency software will replace ista's former software, Utility Manager™.

ista revolutionized utility expense management (UEM™) when they introduced the concept to the multifamily industry in 2001. Since then, UEM has become a standard component of multifamily operations. Kernie Brashier, executive vice president of ista's submetering group, says, "EnergyCAP provides greater functionality to our UEM customers while allowing us to increase service delivery and control costs -- this is as great for us as it is for our customers, and that's the kind of deal we like."

Vice President of Utilities for AIMCO, Jeff Bauer, says, "AIMCO's Utility costs are one of our largest annual expenses. Before UEM we could tell you exactly what we spent but we couldn't tell you what was driving the expense. With UEM we can tell whether the expense is driven consumption or rate, and we can manage our utility expenses. With the addition of EnergyCAP, we will be able to set benchmarks and identify trends based on seasonality, which will enable us to implement energy efficiencies and save money."

For over 25 years, EnergyCAP has led the energy information software industry with solutions that save time and money. In response to concerns over the environment, EnergyCAP released its Greenhouse Gas Tracking module and interface with the EPA's ENERGY STAR benchmarking program.

EnergyCAP will interface with ista's web platform to provide online presentment of utility data including cost, consumption, benchmarking, images of scanned bills, reports, and more. EnergyCAP will be an important part of ista's existing UEM offering, which includes Vacant Cost Recovery; Vacant Cost Management; Database Development; Bill Aggregation; Utility Bill Processing; Late Fee Guarantee; Bill Auditing; and Online Reporting and Analysis. The addition of EnergyCAP to UEM™ means that customers will now have access to enhanced services including:
• Use of EnergyCAP's best-selling energy efficiency software
• Frequent software upgrades from EnergyCAP
• Enhanced Vacant Cost Recovery
• Interface with EPA's ENERGY STAR program to benchmark buildings against peers on a national basis and receive a national energy rating
• Tracking and reporting of Greenhouse Gas emissions
• Measurement and verification of savings on energy improvement projects

ista is a leading company in the metering, billing and management of energy, water and ancillary costs.

Good Steward Software publishes the energy efficiency software, EnergyCAP, which is used for enterprise-wide energy tracking, auditing, utility bill payment processing, energy management reporting and more.

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