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GridPoint Welcomes John B. Spirtos, former Senior Vice President of Comverse Technology, to Lead Corporate Development and Strategy
ARLINGTON, VA - June 29, 2009 - GridPoint, Inc., a leading smart grid company whose software platform benefits electric utilities, consumers, and the environment, announced that it has appointed John B. Spirtos to lead corporate development and strategy including new business initiatives, corporate partnerships and mergers and acquisitions activity.
“John’s wealth of experience and proven track record will be invaluable as we continue to grow in this rapidly emerging market,” said Peter L. Corsell, CEO, GridPoint. “His leadership will play a critical role in our strategy to build or buy best-of-breed technologies to offer utilities and their customers.”
Previously, Spirtos served as Senior Vice President of Comverse Technology (NASDQ “COMV”), the leading billing and messaging software provider to the global communications industry. Prior to Comverse Technology, he was Senior Vice President of NeuStar, Inc. (NYSE “NSR”), a provider of clearinghouse and directory services to the communications and Internet industry that was named 2005 Technology IPO of the Year, and President of Corvis Corporation and its wholly owned subsidiary, Broadwing Communications, LLC (NASDQ “BWNG”), an integrated communications equipment and services provider.
He holds a B.S. from the University of California, a J.D. from Southwestern University, and LL.M. and M.B.A. degrees from Georgetown University.
To date, GridPoint has raised in excess of $220 million to fuel its organic development and acquisition strategy. Investors include Altira Group, Craton Equity Partners, Goldman Sachs Group, New Enterprise Associates (NEA), Perella Weinberg Partners, Quercus Trust, Robeco and Susquehanna International Group (SIG).
GridPoint is working with utilities nationwide including Xcel Energy, Duke Energy, Austin Energy, Progress Energy and Seattle City Light and was selected by the World Economic Forum as a Technology Pioneer in 2008
GridPoint is committed to building a clean, efficient energy future. We empower key stakeholders in the energy ecosystem with the visibility and control required to more efficiently consume, generate and distribute energy. Our smart energy solutions consist of hardware, software and services that integrate, aggregate and manage sources of energy consumption, generation and storage. An enterprise-class platform provides a shared foundation for our products, creating a common point of integration, asset provisioning and real-time management. GridPoint customers include Fortune 100 retail and restaurant chains, leading North American utilities and thousands of residential energy consumers.