Philadelphia's rapidly morphing BuLogics has spun off another company — only a year in, the new enterprise is already profitable, with a growing list of clients and strategic partners.
BuLogics certifies, designs and builds wireless systems for the Internet of Things, the rapidly growing arena in which everyday objects are connected (think thermostats, locks, lights). In 2011, BuLogics spun off its consumer products division to a new firm, Zonoff.
In October 2013, BuLogics subdivided again, spinning off StratIS EMS “in an effort to give focused attention to a scalable growth model inherently difficult to create when providing hourly engineering and certification services in what remains a niche (though potentially explosive) market,” explains CEO Felicite Moorman. “StratIS is software as a service, with limited hardware, maximizing margins and reducing our overhead.”
Like Zonoff, StratIS is focused on the “extremely neglected” multi-family energy efficiency market.
“StratIS has yet to pursue funding but has already attracted interest from some of the most influential housing authorities in the United States and some of the largest manufacturers in the world,” says Moorman. “It's a game changer within the multifamily industry, and we wanted to make sure we could take advantage of funding opportunities, independent of BuLogics, should our growth require it.”
StratIS recently released a new product, an iOS Estimator App that gives facilities managers and owners a simple way to explore and execute rapid return-on-investment energy management and control systems.
“Multifamily is low hanging fruit for us and it is absolutely just the beginning,” insists Moorman. “As a bootstrapped technology company, profitability and managed growth are of primary importance. While remaining true to our core offering, we've just expanded to access management [wireless door locks], demonstrated a security offering for a proven international serial entrepreneur, and we're working with a local health alliance to expand into the aging in place and health management for senior living centers — all based on software requiring relatively minor iterations.”
BuLogics and StratIS are co-located in Philadelphia; the two companies are actively hiring and expanding.
Source: Felicite Moorman, StratIS EMS
Writer: Elise Vider