14.9.11

Transaction Announcement: World Energy Solutions Acquires Co-eXprise's Energy Procurement Business

Benning Associates LLC served as investment banker to World Energy Solutions, Inc.
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WEXFORD, PA and WORCESTER, MA--(Marketwire -09/14/11)- World Energy Solutions, Inc. (NASDAQ: XWES - News), a leading energy management services firm, today announced it has purchased the energy procurement business of Co-eXprise, Inc., a privately-held enterprise software firm. The acquisition extends World Energy's leadership in online energy procurement, adding valuable new government, institutional, and commercial & industrial clients to its large and growing customer base. World Energy expects the transaction to be immediately accretive.

"Our acquisition of Co-eXprise's book of business in energy increases our market share, expands our government franchise, and adds to our backlog," said Richard Domaleski, CEO of World Energy Solutions. "Bigger picture, this deal highlights our ability to put the capital we raised earlier this year to smart use in advancing our strategic growth objectives. We have long said that consolidating the energy procurement industry, eliminating competitors and supplementing our strong organic growth is a path we will actively pursue to drive future success, and today we are making good on that promise."

Added William Blair, Founder and CEO of Co-eXprise: "This transaction is a key component of Co-eXprise's strategy to generate working capital to invest in the continued growth of our enterprise software business. We chose to sell the energy procurement business to World Energy, a true leader in the space, to ensure our customers will continue to receive a high level of professional support for their energy management initiatives. This transaction represents a win for all parties."

Today's deal marks World Energy's second in energy management. Its 2007 acquisition of Energy Gateway made World Energy a leader in natural gas procurement and brought with it a blue-chip base of industrial clients that remain a bedrock of the Company's success.