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Mysa Announces Acquisition of Assets from Zen Ecosystems

2023/05/08
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St. John’s, NL - Mysa, the Newfoundland & Labrador-based market leader in smart thermostats for high voltage electric heating and cooling, has announced its acquisition of the intellectual property of Zen Ecosystems, a company specializing in smart thermostats for central heating and cooling and commercial energy management solutions. Mysa’s first acquisition signals its continued growth in the energy-efficient smart thermostat and smart energy management market, and furthers its mission to lead in global electrification, reduce carbon emissions, and combat climate change.

Mysa smart thermostats help consumers save money and energy through smart control for their high voltage home heating and cooling systems. This acquisition allows Mysa to provide smart thermostat solutions to an even larger number of homes throughout North America, while expanding into commercial energy management using Zen's established platform, ZenHQ. ZenHQ is a cloud-based service that helps small to medium-sized businesses monitor, analyze, and optimize their energy usage across multiple locations, and reduce their carbon footprint and energy costs.

"All of Zen’s products, both the line of thermostats and the ZenHQ platform, fit perfectly into the Mysa product family. This acquisition is a natural step for Mysa as we continue to accelerate the complete electrification of heating and cooling." said Joshua Green, Mysa Co-Founder and CEO. "Building on Zen's amazing product design for central heating and cooling systems as well as commercial energy management, we'll be able to provide even more value to our customers and bring about a cleaner, more sustainable future."

With the acquisition complete, Mysa will continue to work with and support Zen’s existing ZenHQ clients.


About Mysa

Based in St. John's, Newfoundland, Mysa's mission is to fight climate change by empowering homeowners to take control of their energy use with innovative technology. Mysa's smart thermostats for electric heating and cooling HVAC systems are designed to help users manage their household energy spend, decarbonize our grid, and build a more sustainable future for our planet. Since first shipping in 2018, Mysa has launched 4 products and helped hundreds of thousands of homeowners all across North America take smart control of their home's heating and cooling without compromising on comfort.


About Zen

Zen Ecosystems provides an intelligent energy management platform that helps small to medium-sized businesses take control of their energy usage while meeting sustainability goals. Zen HQ provides insights and control over commercial energy usage while delivering the fastest payback in the market. The Zen Thermostat is a beautiful, simple connected device for home and business that also enables multi-system operators to enhance the customer experience.

For more information about Mysa and its products, visit the company's website at www.getmysa.com.

Do you own a business that could benefit from an energy management solution? Mysa will be offering exclusive rates on the ZenHQ platform to companies in Newfoundland & Labrador for the rest of 2023. Get in touch with us at: getmysa.com/zenhq

Contact

Brad Pretty, Communications

press@getmysa.com

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