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01.23.2020

GrowthPoint Acted as Exclusive Financial Advisor to NOON on its Acquisition by Racepoint Energy

January 21, 2020

Osterville, MA – Racepoint Energy, a leader in energy solutions for homes and businesses, has announced the acquisition of the technology and team of NOON Home, including residential lighting control innovations developed by the NOON team based out of Campbell, CA. This acquisition will enable Racepoint Energy and sister-company Savant to deliver the most comprehensive and intuitive lighting and intelligent control solutions.

NOON entered the smart lighting market in 2017 with the development of the NOON Lighting System, designed to eliminate many of the installation and onboarding complexities associated with traditional lighting control solutions. NOON offers a complete lighting control platform that can be discovered, configured and controlled with a single app experience. The team at NOON has created a best-in-class experience as well as a thoughtful approach to designing unique lighting hardware solutions. This acquisition will expand both Racepoint Energy and Savant’s lighting control offerings, including the addition of NOON’s unique keypad style to the Savant keypad lineup.

“I am pleased to officially announce the addition of NOON to our growing list of industry-leading brands, including Savant, Racepoint Energy and Artison,” explained Robert Madonna, CEO of both Racepoint Energy and Savant. “The experience and expertise of the team at NOON will enable us to design unique solutions, making advanced energy and lighting automation available for a broad range of smart home projects.”

The integrated Racepoint Energy and NOON team will continue to focus on designing unique product and software solutions that can be sold into both the custom installation and distribution channels. Early development initiatives will include integration into the Savant smart home ecosystem, with plans to offer NOON solutions on the Savant Store.

About Racepoint Energy
Founded in 2015 and based in Cape Cod, Massachusetts with offices in Oregon and California, Racepoint Energy, LLC offers leading intelligent, comprehensive energy management solutions, including patented breaker-companion modules that provide revenue-grade energy monitoring and full flexible control for the residential, commercial and utility sectors. Racepoint Energy delivers custom designed, turnkey onsite microgrid solutions to fit any budget or job size including design, engineering and commissioning of solar, generator and battery storage systems. racepointenergy.com

About Noon Home, Inc.
NOON enhances everyday experiences in the home with its scene-based lighting system. Coordinating all the lights in a room with one-touch, NOON’s modern switches work together to transform a room’s mood or to accent an activity. Using patented bulb-discovery technology, NOON works with existing lights and fixtures and automatically creates customized scenes unique to the home. For more info, visit noonhome.com.

About Savant Systems, LLC
Savant Systems, LLC is a recognized leader in home control and automation, and one of the fastest- growing smart home companies in the luxury and mid-markets. Savant’s powerful Pro technology brings together the four pillars of automation – climate, lighting, entertainment and energy – together in a single application interface for the homeowner. This comprehensive whole-home control system, available through iOS and Android, delivers the premiere experience in all of home automation and is available through Magnolia Design Centers and Savant’s global network of authorized integrators. Learn more at savant.com.

To view the official press release, click here. 

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