Joulo, a spin-out from the University, has been acquired by Quby, Europe’s leading developer of smart thermostats and energy displays.
Joulo, co-founded by Dr Reuben Wilcock and Professor Alex Rogers from Electronics and Computer Science, develops smart energy monitoring technology that delivers insight into heating systems, allowing customers to save money on their energy bills and make their homes more comfortable.
The spin-out was tipped as the UK’s brightest home tech startup when it won first place at the 2013 British Gas Connecting Homes competition.
Professor Alex Rogers said: “It’s very exciting to see our fundamental research being developed into a consumer product. I’m very much looking forward to seeing how Quby grows Joulo in the home energy market over the coming years.”
You can find more details about the deal and Joulo here.