19 Oct '12, 12pm

Sustainability software business found not so sustainable after all: As sales and investments decline, vendors a...

Sustainability software business found not so sustainable after all: As sales and investments decline, vendors a...

The excitement surrounding sustainability software for carbon accounting in the United States appears to be cooling. After experiencing booming sales and seeing numerous acquisitions and investments over the last four years, industry's appetite is starting to level off. Now, software providers are evolving in new directions. According to a recent report from consulting firm Groom Energy, investments in these software vendors have fallen by almost 75 percent over the last three years, to $15 million from $58 million. Acquisitions have mostly disappeared after a spurt of large corporations bought up software vendors from 2008 to 2011. The report -- the 2013 Buyers Guide for Enterprise Carbon Accounting and Sustainability Software -- also downgrades the expected growth rate for software sales and tops it off at 20 percent for the next year. The slowdown in the U.S. is due to ...

Full article: http://www.greenbiz.com/news/2012/10/19/sustainability-so...

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