EnerNOC Adds Technology Veteran Jim Baum to Board of Directors
BOSTON, April 16, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software, today announced the appointment of Jim Baum to its Board of Directors. Baum recently served as President and CEO of data warehousing and analytics company Netezza Corporation, leading the company through 14 quarters of growth as a public company before its acquisition by IBM. He brings over 25 years of technology experience to EnerNOC's Board.
"Jim is an expert in scaling technology companies to maturity," said Tim Healy, Chairman and CEO of EnerNOC. "His strategic guidance will be beneficial for EnerNOC as we continue to expand our relationships with enterprise customers through technology innovation and execution."
Before joining Netezza, Baum was CEO of Endeca Technologies, where he served as President and Chief Operating Officer. During his tenure at Endeca, an enterprise information management company, Baum grew the company from a startup to a leading provider of innovative information access and delivery software solutions. He began his career as an engineer at PTC, where he worked in various positions across product management, marketing, and strategy in his 11 years with the company, helping to drive it to more than $1 billion in revenue.
"EnerNOC has proven that technology belongs front-and-center in energy management. It has the right mix of vision and execution that will keep it on a strong growth trajectory," said Baum. "It's an honor to be selected for this role, especially at this exciting time, and I look forward to helping EnerNOC deliver in ways that benefit customers, employees, investors, and other stakeholders."
Baum received a BS in mechanical engineering from Worcester Polytechnic Institute, and an MS in engineering from Rensselaer Polytechnic Institute.
EnerNOC is a leading provider of energy intelligence software. EnerNOC unlocks the full value of energy management for utility and commercial, institutional, and industrial (C&I) customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions. EnerNOC's Utility SolutionsTM offerings, which include both implementation and consulting services, are helping hundreds of utilities and grid operators worldwide meet their demand-side management objectives. EnerNOC serves thousands of commercial, institutional, and industrial customers worldwide through a suite of energy management applications including: DemandSMARTTM, comprehensive demand response; EfficiencySMARTTM, continuous energy savings; and SupplySMARTTM, energy price and risk management. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
Safe Harbor Statement
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the ability of Mr. Moses to help EnerNOC provide value for its customers and build upon its market leadership position, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.