BUD - Buddy Platform Announces Intent to Acquire Assets and Business of Leading Energy & Water Monitoring Company, Noveda Technologies
May 17, 2016 – Seattle, Wash. Buddy Platform Limited (ASX:BUD) today announced that the company has executed a letter of intent to acquire substantially all the assets of Noveda Technologies, Inc. The acquisition is subject to the completion of due diligence by Buddy and the execution of a mutually acceptable asset purchase agreement.
Noveda is a leader in real-time, web- patented software solutions help reduce energy and water usage, optimize performance of energy systems, and manage smart city infrastructure such as commercial lighting and streetlights. Noveda's platform is used by multinational industry leaders including big box retailers, global banks and industrial corporations.
