Wirtschaft Boerse englische Zeitung

Conway joins existing board members from Sequoia Capital, Foundation Capital, and White Ventures LLC.

With a proven track record of recognizing breakout opportunities for companies with disruptive technology, Conway is widely recognized as one of the most respected leaders in technology, transforming PeopleSoft into one of America?s most admired and successful enterprise software global brands. He joins the eMeter board this month.

?eMeter is an industry visionary whose solutions reside right at the center of how value is created from a smarter grid,? said Craig Conway. ?Compliance for U.S. stimulus grants has just raised the bar for required Smart Grid capabilities, but it?s left to each utility to figure out how to get there. eMeter has the experience, and has already delivered the models for what?s defined in the stimulus program and in emerging EU mandates.?

This move comes as the US government has named the 100 award winners of the $3.4B in federal stimulus funds for Smart Grid initiatives. eMeter partners are prominent among the stimulus award winners, while 7 new utilities across the US and the EU have signed on with eMeter in just the past four months.

?Craig has demonstrated a rare ability to pick, and create, winners,? said Cree Edwards, Chairman and CEO of eMeter. ?Now that the stimulus grants have been awarded in the US, and with the EU on the cusp of defining its policy direction, Craig recognizes that the market is at an inflection point ? and that eMeter has the experience and approach needed to lead in a period of rapid growth.?

Mr. Conway has guided multiple companies through high growth stages. He served as Executive Vice President at Oracle during its growth from $20M to $1.5B in revenues, and as President and CEO of TGV Software and One Touch Systems. He currently serves as a director for Salesforce.com, Advanced Micro Devices, and Pegasystems. The addition of Mr. Conway to the board follows a $32 million dollar Series C round of financing led by Sequoia Capital and contributes strongly to eMeter?s ability to execute on its plans.

About eMeter

eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success. For more information visit: www.emeter.com.