Verdiem, a developer of power-management software for PC networks, raised $12 million in venture capital, executives said Friday. The money will help...
Verdiem, a developer of power-management software for PC networks, raised $12 million in venture capital, executives said Friday.
The money will help the Seattle-based company rev up its sales and business-development operation, said marketing executive Matt Heinz.
“We’re gonna accelerate the extent to which people know about Verdiem,” Heinz said.
The Seattle-based company has so far raised $27 million. The latest round was led by NCD Investors, a Bay Area venture-capital firm. Existing investors such as Kleiner Perkins Caufield & Byers, Catamount and Phoenix Partners also participated.
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Verdiem says its software can reduce energy consumption in a PC by more than 30 percent, which can translate into a 3 to 6 percent cut in annual electricity consumption for companies that use computers heavily.
The software, named Surveyor, puts idle PCs into lower power settings.
The company has doubled its payroll since last summer, and tripled its revenue from 2006-07, said Heinz, who declined to disclose specific revenue numbers.
The boost came mainly from a green push among corporate and institutional users seeking to reduce energy costs and environmental liabilities.
“About a year and a half ago the interest in sustainability really started to take off,” Heinz said.
As part of its expansion strategy, the company said on Thursday it had appointed former Visio Chief Financial Officer Steve Gordon as its new CFO.
Gov. Christine Gregoire said earlier in the week that state agencies have begun using the company’s software in their computers, potentially saving an estimated $1 million annually.
Lower energy usage will also result in lower carbon emissions, the governor’s office said in a news release.
Ángel González: 206-515-5644 or email@example.com