January 10, 2012 – Sunnyvale, CA – Enlighted, Inc.®, a breakthrough building sense and control company, today announced three new executive team members: Leo Jolicoeur, Mahesh Karanth and Matt Price. These seasoned veterans join from WebEx, Compaq/Hewlett-Packard and venture capital firm Nth Power, respectively.
“Combined, these new team members offer Enlighted the opportunity to fortify our business strategy and increase our competitive advantage,” said Tushar Dave, Chairman and CEO, Enlighted Inc. “Their skill sets, strengths and experiences will accelerate our ability to deploy our innovative lighting and energy management platform and give us an edge in the marketplace. Leo has a proven track record of building out the market penetration strategy for two product category leaders, WebEx and @Road, and we are confident that he will do the same at Enlighted. Mahesh has demonstrated the ability to wear many hats while successfully bringing results in the corporate finance area. He understands market dynamics and operational drivers of success and will provide critical guidance to the company. And Matt brings 12 years of relevant industry experience in roles of increasing complexity. His comprehensive domain knowledge, acquired at leading clean tech venture fund Nth Power, and extensive connections will immensely strengthen Enlighted’s channel strategy.”
Leo Jolicoeur joins Enlighted as Vice President of Market Development, where he will be responsible for accelerating customer acquisition, growth and retention. Leo brings more than 20 years of executive leadership experience in the technology industry with particular expertise in mobility, SaaS (software as a service) and Internet services. Most recently, Leo was CEO of Abaca Technology Corporation, a provider of email security solutions. Prior to Abaca, Leo was Executive Vice President, Chief Sales and Marketing Officer at @Road and VP for Products and Services at WebEx Communications.
Mahesh Karanth joins Enlighted as Chief Finance Officer. He has been tapped to help scale the company, focusing on funding and strategic financing. Mahesh has more than 24 years of experience in finance, strategy and operations. Mahesh comes from Compaq/Hewlett Packard where he held various roles during his 11 year tenure, including M&A, treasury and corporate development. Mahesh was also previously the CFO of three start-ups, namely, InvenSense, now a successful public company with a billion dollar valuation, Telsima and Looxcie.
Matt Price comes to Enlighted as the new Vice President of Channel Development. He will develop and manage channel relationships and strategic partnerships to accelerate Enlighted’s growth in new markets. Previously, Matt was a Principal at the venture capital firm, Nth Power, where he led investments in a broad range of energy and cleantech investment areas including materials and nanotechnology, fuel cells, biofuels, advanced lighting and smart grid technologies.
These appointments underscore Enlighted’s momentum and growth since its official launch in October 2011. With $14.2 million in investment from Intel Capital, Draper Fisher Jurveston and Kleiner Perkins Caulfield & Byers, Enlighted is transforming lighting and energy optimization with the proliferation of its innovative lighting control system technology. Not only is this system easy to install and cost effective, the technology can individually measure and manage lighting at each fixture and cut energy consumption from lighting by 50 to 75 percent. The combination of these benefits is unprecedented and already delivering major savings across various commercial implementations.
About Enlighted, Inc.
Enlighted, Inc. is the creator of a breakthrough lighting control system and platform, The Virtuo Series, to increase control of lighting and related energy costs. The system actively detects conditions of the environment and makes intelligent decisions about lighting needs in real time. The Virtuo Series provides unprecedented energy savings and ROI and is the lowest cost solution available today. Enlighted’s solutions enable its customers to achieve the promise of intelligent buildings that are more valuable, efficient, comfortable and secure, providing new opportunities to significantly reduce costs and carbon emissions. In October 2011, it received $14.2 million in investment from Intel Capital, Draper Fisher Jurvetson and Kleiner Perkins Caulfield & Byers. For more information, visit www.enlightedinc.com.
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Designed to change everything, Enlighted provides the world's most advanced digital sensor and analytics platform for smarter buildings to Fortune 500 companies around the globe. Enlighted was founded in 2009 and has received venture funding from Draper Nexus Ventures, Kleiner Perkins Caufield & Byers, RockPort Capital Partners, Draper Fisher Jurvetson and Intel Capital. The company is headquartered in Sunnyvale, CA. For more information about Enlighted products, visit enlightedinc.com.
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