Hara Identified as Emerging Leader in Enterprise Carbon Accounting Software Market

Strategic Insights -

Hara, a leading provider of environmental and energy management software, has been recognized as an Emerging Leader in the Enterprise Carbon Accounting (ECA) software market by Groom Energy Solutions. This distinction is featured in the report, "Enterprise Carbon Accounting: An Analysis of Corporate-Level Greenhouse Gas (GHG) Emission Reporting and a Review of Emerging GHG Software Products." The report highlights Hara's significant strides in 2009, establishing a market foothold, and its ability to attract investor attention with $20 million in funding from Kleiner Perkins Caufield & Byers, JAFCO Ventures, and Nth Power.

Key Takeaways:

  • Hara was the only start-up added to the 2010 ECA Emerging Leaders list, out of 20 companies profiled.
  • The ECA report analyzes the market for emerging greenhouse gas (GHG) software products, indicating a vendor market flooded with 60 vendors, 8 of whom are Early Leaders.
  • Hara has seen significant customer success in 2009, closing deals with industry leaders such as Coca-Cola, News Corporation, the City of Palo Alto, and the City of San Jose.
  • Emerging Leaders are identified based on analysis of four dimensions: financial strength, product/technology strength, number of customer deployments, and vision.
  • Hara's recent customer wins, strong balance sheet, and credible software offering made it the most exciting new entrant to the ECA market in 2009, according to Paul Baier, vice president, Climate Consulting for Groom Energy.
  • Hara continues to experience rapid growth and increasing demand as companies realize the benefits of better managing their entire energy and environmental footprint.

Statistics:

  • 20 companies were profiled in the ECA report, with Hara being the only start-up added to the Emerging Leaders list.
  • 1,200 companies disclosed greenhouse gas emissions in 2009, a significant increase from previous years.
  • ECA software purchases are predicted to increase by 600 percent by 2011.
  • Hara secured $20 million in funding from Kleiner Perkins Caufield & Byers, JAFCO Ventures, and Nth Power.
  • Hara has closed deals with 20 industry leaders in 2009, including Coca-Cola, News Corporation, the City of Palo Alto, and the City of San Jose.

Sources:

  • Groom Energy Solutions, "Enterprise Carbon Accounting: An Analysis of Corporate-Level Greenhouse Gas (GHG) Emission Reporting and a Review of Emerging GHG Software Products"
  • Global Warming Focus via VerticalNews.com
  • Hara website: www.hara.com
  • Groom Energy website: www.groomenergy.com