FotoNotes, a mobile software company, has acquired SiteCapture, a field operations platform used in the solar industry. With this acquisition, SiteCapture will offer mobile field operations software for the solar, residential real estate, and property management industries.
The terms of the transaction were not disclosed.
FotoNotes also announced a name change for the combined entity to SiteCapture, to better represent the company’s product offering.
Kamal Shah, founder and CEO of FotoNotes will continue as CEO of SiteCapture, while Christopher Doyle, founder of SiteCapture, has joined the board of directors.
“FotoNotes and SiteCapture are long-time partners, achieving substantial success in our respective industries,” said Kamal Shah, CEO of SiteCapture. “This is the natural next strategic step in our mission to deliver the best field operations software platform for Solar, Residential Property, and other field-service intensive industries.”
“We launched SiteCapture to help streamline and lower costs in the solar installation process,” said Christopher Doyle, former CEO and Founder of SiteCapture. “The combined entity will bring even better technology to the solar industry to further support our founding mission of improving solar processes.”
BBoxx, a designer, manufacturer, distributor, and financer of plug & play solar systems, recently acquired PEG Africa, a provider of distributed energy in West Africa. This deal gives Bboxx access to ten new markets, including Senegal, Ivory Coast, Ghana, and Mali. Financials have not been disclosed. Lions Head Global Partners advised Bboxx.
According to Mercom’s 1H and Q2 2022 Solar Funding and M&A Report, in 1H 2022, there were 53 solar M&A transactions compared to 54 transactions in 1H 2021. Last month, RWE, a German energy utility company, acquired Alpha Solar, a Polish PV solar developer. With this transaction, RWE takes over a 3 GW solar project pipeline in Poland. The acquisition adds to RWE’s existing global development pipeline of 10 GW in solar projects.