October 30, 2014 10:34 AM ET

Software

Company Overview of GridPoint, Inc.

Company Overview

GridPoint, Inc. provides energy management solutions that leverages real-time data collection, big data analytics, and cloud computing. The company offers Energy Management System, a suite of smart grid applications that comprise hardware, software, and services to manage a client facility’s energy endpoints ranging from HVAC and lighting to refrigerators and more. It provides asset-level sub metering and monitoring, intelligent control, energy management software and hardware, and professional services. The company also offers Enterprise Energy Efficiency solution, a program for a utility’s commercial and industrial customer base; Customer Engagement Platform, a software-based dashboard wit...

2801 Clarendon Boulevard

Suite 100

Arlington, VA 22201

United States

Founded in 2003

Phone:

703-667-7000

Fax:

703-667-7001

Key Executives for GridPoint, Inc.

Chief Executive Officer
Chairman
Age: 36
Chief Financial Officer and Executive Vice President
Age: 59
Senior Vice President of Operations
Executive Vice President and General Counsel
Compensation as of Fiscal Year 2014.

GridPoint, Inc. Key Developments

GridPoint and MicroStrategy Incorporated Collaborates for Enhanced Energy Management Platform

GridPoint announced an enhanced energy management solution powered by MicroStrategy Incorporated. The collaboration enables GridPoint to develop more robust enterprise-wide energy analytics within its cloud-based software platform, GridPoint Energy Manager. Incorporating the MicroStrategy Analytics Platform(TM) into GridPoint Energy Manager will make it easier for customers to visualize asset-level data collected through GridPoint's submetering and monitoring activities across a fleet of sites.

GridPoint Partners with CDP for Carbon Reduction

GridPoint formed a new partnership with CDP, formerly the Carbon Disclosure Project. GridPoint's energy management systems allow companies to increase their awareness of their energy consumption and take steps towards reducing carbon emissions in a meaningful manner. GridPoint's submetering, monitoring and data-driven building control products solve this by collecting data from individual energy-consuming assets and pushing that data into a cloud-based software platform called GridPoint Energy Manager, which provides detailed visibility into a site's energy profile and enables users to intelligently control their portfolio from a common EMS system. This solution complements CDP's investor-led carbon action initiative, designed to advance companies carbon reduction activities while delivering a favorable return on investment. With intelligent controls in place, enterprises can achieve energy savings up to 30% with an 18-36-month payback.

GridPoint Expands Debt Financing to $22.2 Million

GridPoint Inc. has expanded its previously announced loan financing to $22.2 million. The company in May raised $16.2 million in debt from existing shareholders. It planned to use that funding to execute on its (still mostly undisclosed) five-year plan under CEO Todd Raba.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 25, 2014
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