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Comverge, Inc. Named a Red Herring 100 Company
Award Recognizes 100 Private Companies in North America That Drive the
Technology Industry's Future
BELMONT, Calif., May 18 /PRNewswire/ -- Comverge, Inc. today announced that it
has been named one of the Red Herring 100 Private Companies of North America.
"Five years after the dot-com bubble burst, innovation and entrepreneurship are
thriving. The companies on this list are proof," said Red Herring
editor-in-chief Joel Dreyfuss.
"We thank Red Herring for recognizing our efforts with this prestigious award,"
said Robert M. Chiste, CEO of Comverge. "Comverge views itself as a rapidly
growing and innovative company focused on quality, innovation and customer
intimacy with the drive of a start-up business and the business values and
disciplined processes of a mature company. Our outsourced Virtual Peaking
Capacity(TM) business model is proving highly successful," Chiste, added.
"With core corporate values, a strong financial position, and innovative
products, technology and services Comverge will certainly continue our growth
and create an enterprise that will continue to foster innovation for our
electric utility customer base for a long and prosperous future. We will also
focus on consolidating our industry with our leadership position and strong
financial backing."
Red Herring's lists of private companies are an important part of the
magazine's tradition of identifying new and innovative technology companies and
entrepreneurs. Companies like Google and eBay were spotted in their early days
by Red Herring editors as those that would change the way we live and work.
Red Herring's editorial staff rigorously evaluated more than 900 private
companies through a careful analysis of financial data and subjective criteria,
including quality of management, execution of strategy, and dedication to
research and development. Red Herring 100 companies will be presenting their
business model and strategy at the Red Herring Spring conference. Red Herring
Spring will take place May 17-19 at the Monterey Plaza Hotel in Monterey,
California.
About Red Herring Spring
Red Herring Spring is an invitation-only event for CEOs, select senior
executives, and Venture Capitalists. Themed 'The Dynamics of Disruptions', Red
Herring Spring 2005 will bring together executives from mostly private
companies. These executives will be joined by senior executives from public
companies and Venture Capitalists. Please contact Sean Raman at 650-428-2900
or email if you would like to request an invitation to Red Herring Spring.
About Red Herring
Red Herring is the weekly magazine technology entrepreneurs, investors and
industry observers read to stay ahead of the curve and to be better informed
about the global marketplace. Red Herring covers technology, innovation,
financial strategies, important personalities and trends that are transforming
the world of business with unique insight, opinion and forward-looking
analysis. Readers turn to Red Herring for knowledge to make strategic
decisions, build companies and create a competitive advantage for their
businesses. Red Herring articles, blogs, research and event information can be
found online at http://www.redherring.com/.
About Comverge, Inc.
Comverge, Inc., The Power in Power Technology(TM), is a leading energy
intelligence company whose investors include Nth Power, EnerTech Capital, Data
Systems & Software, Inc. (OTC:DSSI) (BULLETIN BOARD: DSSI) , E.ON Venture
Partners GmbH (NYSE:EON), Ridgewood Capital, Easton Hunt Capital Partners,
L.P., Norsk Hydro Technology Ventures (NYSE:NHY), Rockport Capital Partners,
and Shell Internet Ventures, an affiliate of the Royal Dutch/Shell Group of
Companies. Comverge is represented across the world with offices and research
facilities in Atlanta, Georgia; East Hanover, NJ; Newark, California;
Pensacola, Florida; and Tel Aviv, Israel. Providing software and system
solutions to over 500 clients in the electric utility industry, Comverge
implements both integrated and outsourced solution based models for remote
meter reading, distributed generation monitoring, and time-of-use billing and
demand response, and direct or voluntary load control initiatives. For more
information visit http://www.comverge.com/.
CONTACT: Bud Vos, Vice President of Marketing of Comverge, +1-973-884-5970, or
.
DATASOURCE: Comverge, Inc.
CONTACT: Bud Vos, Vice President of Marketing of Comverge,
+1-973-884-5970, or
Web site: http://www.comverge.com/
Web site: http://www.redherring.com/