Verdeeco Named A Gartner 2013 Cool Vendor in Energy and Utilities

Analyst report designates Grid as a Service® provider as innovative newcomer in smart grid market. End Quote

(1888PressRelease) April 26, 2013 - ATLANTA - Verdeeco, an innovative smart grid analytics firm for the utility industry, today announced that it has been named as a "Cool Vendor" in the 2013 Energy and Utilities report by leading industry analyst Gartner Inc.

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.

Verdeeco's essential offering is utility business and operational transformation through "Grid as a Service" data analytics provided in the form of cost-effective, user-friendly "apps" that operate in a secure cloud server. Verdeeco's scalable apps, coined the "iTunes™ of smart grid", empower utilities to access, aggregate/store, analyze, apply, and forecast with generated data. Verdeeco aggregates data from disparate utility systems in a single cloud database, simplifying integration. These new levels of access, insight and foresight bring measurable returns on investment, including more reliable, longer-living assets at reduced cost; more reliable power delivery; new ways to engage customers; and increased operational and business process efficiency.

Gartner's Vice President and Distinguished Analyst Dr. Žarko Sumić said that Verdeeco's Grid as a Service offers a recognizable difference among enterprise solutions as it "addresses the time to deploy challenge for utilities looking for basic MDM capabilities such as validation editing and estimation (VEE), data persistency and usage presentment."

Verdeeco CEO Brian Crow said, "We're honored to have been selected by Gartner as a 'Cool Vendor' in the energy and utility space. Gartner has selected some very innovative companies in past years for this report and we are happy to be held in that esteem."

Crow affirmed, "Utilities are realizing the investment in smart grid data through advanced analytics and new approaches to operational data stores. This recognition underscores Verdeeco's innovative platform for helping utilities improve engineering and operations, while utilizing the data they are generating effectively."

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.

About Verdeeco
Verdeeco's Grid as a Service® cloud-based platform provides utilities a cost-effective, scalable way to leverage data to better achieve their core mission. The "targeted apps" approach frees the utilities from the time and expense of integration and delivers mission-specific big data analytics that reduce operational costs, increase service reliability, boost customer satisfaction, and drive efficiency.

For more information, visit www.verdeeco.com. To follow Twitter updates from Verdeeco, visit twitter.com/verdeeco and "like" Verdeeco on Facebook.

Contact:
Shari Blalock
McDonnell Group
404-583-0003 ext. 106
shari ( @ ) themcdonnellgroup dot com

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