19 October 2010

Tendril Acquires GroundedPower, Raises $23 Million

Image representing Tendril as depicted in Crun...

Tendril announced today that it has purchased Massachusetts-based GroundedPower and secured an additional $23 million in investment.

The strategic acquisition and additional investment will accelerate the development and roll-out of Tendril’s comprehensive end-to-end energy management and consumer engagement solution for energy providers.

Here is how Tendril CEO, Adrian Tuck, describes the acquisition:

Additional details can be found at www.tendrilinc.com/groundedpower/

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