Bit Stew Systems Appoints Marcus Shapiro to its Board of Advisors

VANCOUVER, British Columbia, June 16, 2015 /PRNewswire/ -- Bit Stew Systems, a leader in Software Defined Operations for the Industrial Internet, is pleased to announce the appointment of international investment banker Marcus Shapiro to its Board of Advisors.

Marcus Shapiro joins Bit Stew Systems' Board of Advisors after a devoted 25-year career in investment banking in both London and New York. Shapiro began his career with CMS Cameron McKenna as a corporate lawyer and worked for more than a decade for the Charterhouse, Credit Commercial de France and HSBC Investment Bank groups.  Most recently, Shapiro was co-founder and managing director of UK-based Amethyst Corporate Finance PLC and served on the Advisory Board of Stanton House Limited, before relocating to Canada. He currently serves on the Advisory Board for Garibaldi Capital Advisors.  He also serves as a Trustee of The West Vancouver Memorial Library and is a Director of The West Vancouver Memorial Library Foundation.

"We are very fortunate to welcome Marcus as an advisor to our firm because of his unique international business perspective," said Kevin Collins, chief executive officer and founder, Bit Stew Systems. "As Bit Stew continues to expand into new markets, we are confident Marcus' experience working with leading companies around the world will help us continue Bit Stew's rapid growth."

Over the past year, Bit Stew has achieved significant milestones in the innovation and adoption of its core technology. The company recently raised $17.2 million in a Series B funding round led by GE Ventures and Cisco, among other investors. It has added four large west coast utilities to its client roster, and was named to GreenTech Media's prestigious Grid Edge 20 list as one of the top 20 innovative companies architecting the future of the electric power industry.

"I am excited to join Bit Stew's Board of Advisors and look forward to contributing my expertise to help the company continue its innovation and global growth," said Shapiro. "It is impressive how Bit Stew's technology has helped utilities better leverage the Industrial Internet of Things, in North America and Australia, and I believe the company has great potential to help organizations in other industrial sectors and geographies."

About Bit Stew Systems
Through data-driven automation, Bit Stew Systems removes the complexity of industrial operations and connected machines to give clarity and control back to the operator. Purpose-built for the Industrial Internet, Bit Stew's MIx Core™ platform automates data ingestion, applies machine intelligence to learn patterns in the data, allowing industrial companies to discover actionable insights that optimize operational performance. MIx Director™ is powered by the MIx Core platform, and is the application that industrial enterprises rely on for a contextual and real-time view of their operations, assets and customers. Incorporated in 2009, Bit Stew is a venture-backed private company that is headquartered in Canada with offices in the USA, Australia and Europe. Bit Stew was recently named to Greentech Media's Grid Edge 20 list, as one of the top 20 innovators architecting the future of the electric power industry. In 2014, Bit Stew was also recognized on the Gartner Cool Vendors in Energy & Utilities list and as the Frost & Sullivan Entrepreneurial Company of the Year – North American Service Solutions for Utilities. Visit www.bitstew.com to learn more.

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