[February 18, 2014]

Nexant Names Jonathan Foster as New CFO

Nexant, the global energy software and services company, announced today that Jonathan Foster has joined the company as chief financial officer. Reporting to Nexant CEO Basem Sarandah, Foster will direct finance and accounting operations, manage corporate services, and lead financing and investment initiatives to support Nexant's strategic growth plans, overseeing both investment and capital raising activities as well as mergers and acquisitions.

Foster brings over 20 years of professional finance, financial strategy, and legal expertise to Nexant. Previously, Foster served as CFO of LS9, Inc., an advanced biofuels/biotechnology development firm recently acquired by Renewable Energy Group. Prior to LS9, he served as CFO and Executive VP of Corporate Development at Atempo, Inc., an enterprise backup and archiving software developer (acquired by ASG Software Solutions). His previous positions include CFO, Keymage, Inc.; Senior VP, Corporate Development and eneral Counsel at 8x8 (News - Alert), Inc.; and Deputy Director for Management and General Counsel for the White House Office of Science and Technology Policy.

"We are very pleased to have Jon join us at this stage of our development," said Sarandah. "His strong background in energy and software technology finance, operations, and strategy-coupled with his extensive transactional and legal expertise will be of enormous value to Nexant as we move to take advantage of significant market opportunities."

"I look forward to working with the Nexant team to achieve even stronger business results and continued profitable growth," said Foster. "I am impressed with Nexant's sustainable energy focus, its people, and look forward to supporting its plans to grow its portfolio of smart grid and energy efficiency software and service offerings."

Foster is a member of the Board of Directors of the California Clean Energy Fund, an innovative private non-profit spurring investment in startup clean energy companies. He also serves as vice-chair of the utilities commission in Palo Alto (News - Alert), California and is a member of the national advisory council for Environmental Entrepreneurs (E2), a national organization of business leaders promoting sound energy and environmental policies. Foster holds a J.D. from Harvard Law School and a B.S. in mechanical engineering from Yale University.

ABOUT NEXANT

Nexant is a global energy industry leader, offering a comprehensive suite of industry software solutions and advisory services designed to transform utility business processes, support implementation of smart grid and demand side initiatives, and provide energy industry and technology insights. Over the last decade, it has developed and commercialized technology solutions and offerings including Nexant iEnergy®, Nexant Grid360™, Nexant iHedge®, Nexant RevenueManager®, and NexantThinking^TM that enable utilities, power producers, and energy resource companies to improve operational and financial efficiency, reduce risk, and enhance customer engagement across the energy value chain. Nexant is headquartered in San Francisco, California and operates from 32 corporate, representative, and project offices located throughout the United States, Europe, the Middle East, Africa, and Asia. Media contact: Bob Burdett, +1 415 369 1114.

[ Back To TMCnet.com's Homepage ]