Meterlogix, an energy monitoring and management start-up, is to create 12 new jobs in the next two years, the company has revealed.
The company has developed a new live monitoring system that provides company owners with exact information on their power usage and enable them to reduce energy.
The typical meters from electricity providers can only measure on a 15-minute average, whereas Meterlogix’s system can drill down into usage and help firms shave 10-15pc off their energy bills.
All of Meterlogix’s hardware and software has been developed in Ireland and the company’s engineers work closely with clients to ensure they are achieving maximum savings.
Within its first year in business Meterlogix has already opened its UK office and plans to replicate its business model in that market.
Meterlogix, which has Enterprise Ireland ‘client’ status, aims to create 12 jobs over the next two years, with the existing team being expanded in mid-2013.
Meterlogix recently received a Highly Commended Award from InterTrade Ireland for its entry into the All Ireland Seedcorn Business Competition.
A model for growth
“The process of developing this business has been a fantastic experience,” explained Ollie Walsh, managing director.
“We have partnered with a number of companies around the west of Ireland and Midlands to develop a business that we never could have on our own.
“As we developed Meterlogix in the middle of a recession, traditional funding was scarce so instead of taking on staff or subcontractors we developed partnerships with companies that had the high-level skills we needed.
“We partnered with Avova in Athlone to develop the software, Parkmore Electrical in Ballinasloe for installation, MM Qualtech in Galway for manufacturing, Micromarketing in Galway for strategy, and several environmental businesses, such as Enerit in Galway and Candelas in Mayo for introductions to potential customers.
“This model has worked really well for us,” Walsh explained.