Hudson Technologies yesterday announced that it has acquired the proprietary EffTrack chiller efficiency software, customer list, and related assets from Efficiency Technologies, Inc. (ETI) to support Hudson's chiller management and efficiency optimization product service offering. ETI is a subsidiary of EffTec International, Inc.
A state-of-the-art Web-based chiller management program, EffTrack provides detailed, continual engineering analysis and instant recommendations for correcting inefficiencies in chiller systems. The program is presently being used throughout the U.S. and in certain other locales, serving various Fortune 500 companies as well as Australian and Pacific Rim customers.
Hudson's acquisitions of these assets from ETI, particularly the EffTrack proprietary software, increases and diversifies Hudson's own proprietary and patented efficiency offerings by supplying a solution that allows customers - both new and existing - to monitor and improve chiller performance and to proactively pinpoint and fix system inefficiencies. Adding annuity-based revenues, ETI's technology complements Hudson's ChillSMART Performance Evaluation and Energy-Saving Assessments and will be offered through Hudson's growing distribution channels throughout the world.
Hudson believes that acquiring this technology offers substantial strategic value to the company, as it enhances Hudson's current efficiency solutions suite and adds annuity-based revenues. As a cloud-based software solution, the EffTrack software - integrated with Hudson's current offerings - is anticipated to grow into a high margin, recurring revenue source.
The financial terms of this transaction have not been publicly disclosed.
Hudson Technologies is a leader in providing innovative solutions to recurring problems within the refrigeration industry. The company's proprietary RefrigerantSide Services enhance operating efficiency and energy savings and also remove moisture, oils, and other contaminants often found in the refrigeration circuits of large comfort cooling and process refrigeration systems. RefrigerantSide Services are performed at a customer's location as an essential part of an effective scheduled maintenance program or as an emergency response.
For more information, visit hudsontech.com
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