News

Calico Energy Services Obtains Strategic Investment

April 5, 2011

Leading Energy Management Company Obtains Financing and Strategic Counsel to Accelerate Growth

Seattle, WA -- Calico Energy Services (http://www.calicoenergy.com), the market leader in interoperable energy data management solutions, announced today that it has received financial backing from Point B Capital (http://www.pointbcap.com) and engaged the services of Point B (http://www.pointb.com), a management consulting firm that specializes in strategic execution. The investment provides capital to accelerate the Company’s growth, and will allow Calico to leverage Point B’s objective leadership capabilities and broad portfolio of management consulting services.

“We are very pleased to announce our partnership with Point B and Point B Capital,” said Michael Miller, President and COO of Calico Energy Services. “In addition to the capital investment that Point B Capital has made, Point B brings significant strategic value to our company. Through the domain expertise of more than 400 consultants, Point B will help Calico continue to elevate our level of execution, accelerate our velocity, and maximize our spectrum of opportunity.”

Mr. Miller commented that Calico has recently been evaluating potential investors, and selected Point B Capital because of the strategic value they bring as well as the alignment between Point B’s consulting approach and Calico’s management strategy.

Point B Capital, a wholly owned subsidiary of Point B, applied the depth and breadth of Point B’s Subject Matter Experts and their experience in Smart Grid technology deployments to an extensive due diligence process. Based on a thorough review of Calico’s management team, products, technology, and go-to-market strategy, Point B Capital determined that Calico aligned extremely well with their investment criteria and focus.

“The more we learned about Calico during our due diligence process, the more impressed we became with the robustness and scalability of their software platform and the maturity of their team,” said Henry Lin, Managing Director for Point B Capital. “They have consistently demonstrated an outstanding ability to execute, and are clearly defining a new, high-potential segment in the Smart Grid market. We are also impressed with how capital efficient the company has been – Calico’s team has clearly demonstrated the ability to win customer contracts and achieve a positive cash flow. Along with our investment, we see an immediate opportunity to leverage Point B’s execution know-how and its deep knowledge of the utility industry and relevant relationships to help Calico address key growth initiatives in the years to come."
 

Learn more about Calico Energy Services at http://www.calicoenergy.com