|[November 29, 2011]
Tendril Names David Rayner CFO
BOULDER, Colo. --(Business Wire)--
the provider of the cloud platform for the Energy Internet, today
announced that David Rayner has joined the company as chief financial
officer (CFO). Rayner brings with him more than 20 years of leadership
experience in the communications industry, helping companies such as
EchoStar, DISH Network, tw telecom inc. (formerly Time Warner (News - Alert) Telecom)
and Time Warner Cable achieve high growth and long-term profitability.
Mark Pougnet, who has served as Tendril's CFO since 2008, will
transition into the newly created role of chief delivery officer (CDO).
"David brings to Tendril an impressive combination of executive and
financial leadership skills, and a track record of building and managing
successful global companies," said Adrian Tuck, CEO of Tendril. "Tendril
has achieved a number of milestones in 2011 and, as we look to move
Tendril to the next level, David's background and expertise will help
ensure Tendril's continued growth and long-term success."
Rayner has worked in a variety of management roles at some of the most
successful companies in the communications industry, most recently as
the CFO at EchoStar Corporation. Prior to his work at EchoStar, he held
executive level positions at DISH Network Corporation, including serving
as CFO. In these roles, Rayner oversaw multi-billion dollar budgets and
managed workforces in the tens of thousands. Previously, Rayner served
as the senior vice president and CFO for Time Warner Telecom (News - Alert), Inc., and
he oversaw the company's successful IPO in 1999, as well as raising
several billion dollars in debt financing. Rayner has also held
additional financial and operating positions at Time Warner Cable after
starting his caree at Arthur Andersen & Co., and served on the board of
Terrestar Corporation, a publicly traded satellite communications
"I am honored to be a part of Tendril, and bring my knowledge and
experiences to this exciting high-growth company," said Rayner. "Tendril
is delivering on its goal to provide the platform to connect utilities
and energy service providers, energy ecosystem partners and consumers
around energy use. I look forward to helping Tendril continue to execute
as a company."
In his new role as CDO, Pougnet is responsible for all aspects of global
service delivery, supply chain, professional services, international
business units, and ensuring excellence in customer relationship
management as the company continues to grow. Prior to joining Tendril,
Pougnet held executive financial positions at several companies in
diverse technology industries, including Copan Systems, Arthur Andersen
& Co., and Avaya (News - Alert).
"This is an exciting time in the smart energy industry," said Pougnet.
"I'm looking forward to working more closely with our energy service
provider customers and our ecosystem partners to ensure they get the
most value from our cloud platform."
The new executive appointments come at a time when the company is
achieving significant milestones, including:
The launch of the first of its kind Tendril
Connect™ Platform Application Developer Program, which allows
select developers to build on the Tendril Connect cloud platform.
Integration of the Tendril Connect platform with leading vendors
Elster, Itron, Landis + Gyr, Sensus, Silver Spring Networks, and
Trilliant (News - Alert) which together represent more than 85 percent of the North
American smart meter communications market.
A recently announced integrated offering with Vivint, a leader in home
A strategic partnership with and investment from Siemens (News - Alert).
Origin Energy, the leading Australian integrated energy company with
4.6 million customers, selecting Tendril Energize.
The opening of an office in Melbourne.
An alliance with Whirlpool Corporation, the world's leading appliance
manufacturer, to enable the roll-out of smart appliances with Tendril
The 2010 acquisition of GroundedPower, a pioneer in consumer
engagement grounded in behavioral science.
Tendril is the Energy Platform company, delivering end-to-end consumer
engagement products, applications and services powered by Tendril
Connect™-an open standards-based, secure and scalable platform that
takes the complexity out of the Energy Internet and creates a dialogue
between energy service providers and their customers. Delivering
consumer engagement software, in-home products and applications as well
as easy to integrate utility solutions such as Demand Response and
Energy Efficiency, Tendril offers unparalleled insight into energy
decisions, making the Energy Marketplace a reality. The company is
venture backed by VantagePoint Capital Partners, Siemens Venture Capital
(SVC), Good Energies, RRE Ventures and GE. For more information, visit www.tendrilinc.com.
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