EnergyConnect Group, Inc.
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- E•BOOM CAPITAL: Johnson Controls Buys Demand Response Software Company
March 4, 2011 - 08:37AM
Energy efficiency solutions provider Johnson Controls Inc. (NYSE: JCI) (market cap $27.5 billion) said Thursday it had signed an agreement to acquire the shares of EnergyConnect Group, Inc. (OTC: ECNG.OB), a small demand response software company based in Campbell, California, for $32.3 million. Shares of EnergyConnect rose 63% Thursday to close at $0.21 (market cap $28 million).