A Boston startup has turned into a leading building performance analytics provider in recent years as it has helped property owners save significant sums by monitoring their utility data. The company, called WegoWise, now says it has the “largest database of utility in multifamily buildings,” and is extending its platform to cover commercial property as well.

One of their first commercial property customers is Liberty Property Trust, a $7 billion REIT currently using WegoWise to track utility usage over 2.9 million square feet of its portfolio, and is rolling out usage across its 81 million square feet of property.

“Understanding how buildings perform is essential to improving both energy efficiency and overall asset management,” said Marla Thalheimer, director of sustainability for Liberty Property Trust. “By better understanding the level of efficiency of our assets and ranking them accordingly, we are able to prioritize resources and capital investments throughout the portfolio and also provide actionable information to our tenants to help them save operating costs.

WegoWise recently bought benchmarking service Melon Power, and its technology is designed to seamlessly aggregate energy data and savings “much like Mint.com” the company said in announcing its new platform, and its new high-profile contract.

“New energy disclosure laws are being enacted regularly, and there is increasing pressure to solve the split incentive issue for energy retrofits,” a founder of WegoWise, Barun Singh, said.

WegoWise explains the split incentive issue in terms anyone can understand: “The split incentive issue arises when property owners do not make efficiency investments because renters pay the utility bills, whereas renters do not make investments in property they don’t own. By tracking tenant utility data in WegoWise, owners can demonstrate how different efficiency upgrades reduce costs and develop leases that split costs fairly, expediting energy retrofit projects.”