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Rhombus Energy Solutions, based in San Diego, makes energy management software and was acquired by BorgWarner in 2022.
Founded in 2012 and headquartered in San Diego, US, Rhombus Energy Solutions, Inc. develops energy management and analytics software for SMEs and large corporations in retail, healthcare and finance, sold on a subscription model. The company was co-founded by Joseph Gottlieb and Rick Sander, with Richard Sander as CEO. BorgWarner, Inc. acquired it on August 3, 2022 for USD 185.00 mn, including USD 130.00 mn in cash and USD 55.00 mn in contingent payments. It has completed 4 deals.
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