Monday, August 22, 2005

Verdiem raises Series B

Verdiem, a Seattle-area firm with energy-efficiency solutions for large corporate computing networks, announced that they have raised a second round of funding of an undisclosed amount. Catamount Ventures and the Angeleno Group invested in the round, which brings the total amount of funding that Verdiem has raised to $6M. Phoenix Partners and Falcon Partners were previous investors in the firm.

Verdiem has developed software which allows IT departments to remotely control the energy management settings of computers in their corporate networks, which helps enforce energy savings efforts (how many computers in your office are left on all night, with some graphic-intensive "screensaver" running?), driving cost savings. The company's offerings currently target desktop PCs, but they are also developing solutions for servers and other energy-using portions of computing networks.


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