Carbonetworks Corporation

Carbonetworks Corporation

April 28, 2010 13:56 ET

Carbonetworks Named "Cool Vendor" by Leading Analyst Firm

SAN FRANCISCO, CALIFORNIA--(Marketwire - April 28, 2010) - Carbonetworks™, a leading software provider for energy, greenhouse gas (GHG) emissions and sustainability solutions has been selected as a "Cool Vendor" in the Cool Vendors in Sustainability 2010 report by the leading analyst firm Gartner Inc.

Carbonetworks was chosen as one of five vendors in Gartner's "Cool Vendors" report, which highlights the increasing and diverse role IT is playing in improving sustainability performance of organizations. Companies included in the report were selected based on their role in improving the sustainability performance of organizations. The report went on to say that "enterprises need to find well-funded solution providers with domain expertise that will be around for a while, that take carbon management beyond compliance and transparency, and can provide insight into opportunities for efficiencies."

"Carbonetworks is committed to providing software to help our clients optimally achieve their energy and greenhouse gas reductions targets, and help monetize them. We believe this analysis by Gartner further validates the need for scalable solutions to manage sustainability intelligence and confirms Carbonetworks' place as an innovative market leader in sustainable performance management software," said Michael Meehan, President and CEO of Carbonetworks. 

"Enterprises should be developing capabilities in energy and carbon management right now as a matter of efficiency and risk management," said Simon Mingay, co-author and research vice president at Gartner.

Carbonetworks' Performance Management Platform helps companies run their energy, GHG, and Sustainability initiatives like a business, reducing costs and maximizing the financial returns of sustainability initiatives. The company's modular approach to sustainability ensures that companies and governments of all sizes can start managing their energy and carbon reduction initiatives quickly and easily. With over 9,000 sites deployed on its software, Carbonetworks is the most widely deployed energy and carbon management network in the world.

About Gartner's Cool Vendors Selection Process

Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About Carbonetworks
Carbonetworks provides software and services to help companies around the world run their energy, GHG and sustainability initiatives using consolidated corporate scorecards for measuring performance. The company's solutions evaluate energy and carbon inventories and reduction projects, measure their financial returns, and help execute those that optimize the company's business performance and have the highest returns. Carbonetworks has over a decade of experience in the industry and was founded with the goal of enabling companies manage and reduce their impact on the environment while enhancing their bottom line. With nearly 9,000 sites implemented on its platform and hundreds of companies in over 40 countries in its network community, Carbonetworks operates the largest energy and GHG management network in the world. For more information, please visit www.carbonetworks.com.

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