Watch out tech world. This CEO knows consumers

GigaOM (Sep 23 2011) Cloud Computing

1. Data center energy management specialist Power Assure has closed a new round of funding, securing $13.5 million in Series B financing from an investor group led by strategic partner ABB and existing investors Draper Fisher Jurvetson, Good Energies, and Judith Point Capital. The funding will be used to expand Power Assure’s sales and marketing operations and boost its investments in engineering, the company said. Wurtz: Funding Brings Global Reach “We are very pleased to have secured a new funding round led by our strategic partner ABB with reinvestments from our existing top-tier backers,” said Brad Wurtz, president and CEO of Power Assure. “This agreement deepens our partnership and brings Power Assure global reach and a well-established network of sales and support professionals with access to our target markets in the data center. This partnership and new financing will help us rapidly scale our business.” (Read Full Article)

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