Tendril Acquires GroundedPower
As reported on CNet, and Gigaom, GroundedPower has just been acquired by venture capital-backed Tendril Inc. of Boulder, Colorado. Tendril is a leading energy management technology provider that supplies energy software, hardware and services to both consumers and utility companies. Along with ITP alumni Mike Bukhin, Demetrie Tyler and Terence Arjo, I’ll be helping to incorporate GroundedPower’s customer engagement technologies into Tendril’s energy management platforms. Tendril’s press release and CEO videos have more info.
Simultaneous with the acquisition, Tendril announced that it raised a new round of $23 million in funding, bringing Tendril’s total funds raised to $73 million.
I’ve been involved with GroundedPower since late 2008 as Director or Networking and Interactive Systems and will continue with Tendril as Director of User Experience.