Sofdesk, parent company of end-to-end solar software provider Solargraf, has acquired solar sales proposal platform Energy Periscope. On Oct. 21, Solargraf announced its lead generation business would be acquired by Wave Solar.
This transaction aims to help thousands of solar workers reduce their soft costs, accelerate their current sales and project management process as well as providing many new features designed to increase their bottom line. Solargraf provides solar installers, distributors and manufacturers the ability to quickly design, calculate shading, quote, finance, create permits and manage jobs from any device.
“Our team has already started working with some of Energy Periscope’s clients and we can already measure the impact of Solargraf’s added value on their day to day process,” said Sofdesk CEO Lennie Moreno. “Since our inception, our data shows that Solargraf’s features are bringing incremental value to the solar industry and we’re confident that we’ll continue to have a positive impact on all of Energy Periscope’s users.”
Generac invests in Sofdesk
This week, energy storage manufacturer Generac invested $5.7 million in Sofdesk to help the company continue to scale its AI portfolio and reach more solar contractors and manufacturers. With this investment, Generac has secured a minority stake in Sofdesk.
“We are seeing an increasing demand for both Solargraf and Roofgraf, this investment will help us to scale our A.I. and automation capabilities as well as offer our services to many other leaders in the industry. We know the trend of all major companies is moving toward technology and we are happy to lead the way with our automated, customized web applications,” said Lennie Moreno, CEO and founder of Sofdesk.
In addition to taking a minority interest in Sofdesk, Generac and Sofdesk entered into an exclusive commercial agreement to collaborate and develop a new online software tool, PowerPlay CE, designed specifically for Generac’s Clean Energy aligned contractors.
“Armed with PowerPlay CE, installers will be able to walk a homeowner through the sizing, specs, installation process and cost of a storage and solar system, plus receive leads and create high quality customized proposals in minutes,” said Russ Minick, Generac’s chief marketing officer and clean energy business leader. “This important tool will help independent solar and storage installers be more professional, efficient and successful. We’ve been very impressed with the Sofdesk team and are excited to both invest in their future potential growth and partner with them to more easily bring a product to our customers that satisfies a need in our Clean Energy business.”
PowerPlay CE is expected to be available to Generac Clean Energy dealers and contractors beginning in January 2020, closely following the release of the PWRcell system in December 2019.
News item from Sofdesk and Generac. Updated on Oct. 25