Innovari Bolsters Its Executive Team, Names Judd Rabb As CFO

AUSTIN, Texas, June 24, 2014 /PRNewswire/ -- Interactive energy platform developer, Innovari, announced today its appointment of Judd Rabb as Chief Financial Officer. Rabb joins the company, which was founded in 2011, just as it announced its launch into the market and opening of growth-focused B round investment.

"Judd is a tremendous addition to our executive team and to the leadership of the company," founder and CEO Chris Hickman said. "He is joining us during an exciting time of growth for Innovari as utilities are looking for a viable, affordable capacity solution that not only improves overall system utilization and reliability, but also improves financial performance. I look forward to working alongside Judd as we expand our client relationships, strengthen our platform, and continue to execute our long-term strategic growth plans here in the U.S. and around the world."

Rabb brings more than 20 years of experience, 10 of which are focused in the energy sector, in financial management, mergers and acquisitions, and strategic business growth. As an experienced fundraiser supporting public and private investments totaling over $450 million, Rabb's background includes an extensive track record of developing lean, highly-effective teams and implementing mission-critical systems, financial models, internal controls, and reporting.

Most recently, Rabb was CFO and vice president of administration for SolarBridge Technologies, Inc., a designer and manufacturer of solar micro-inverters for the residential and light commercial market. There he led the company through a period of rapid growth by overseeing various finance, strategic-planning, administration and operations positions. Rabb also served as the CFO and vice president of finance for Illumitex, Inc., CFO and vice president of finance for ColdWatt, Inc. (acquired by Flextronics), and corporate controller for Green Mountain Energy Company, where he played an instrumental role in the company's acquisition by NRG Energy.

Rabb, a CPA in the State of Texas, earned his Bachelor of Business Administration degree in accounting from Texas A&M University and is a member of Financial Executives International and the Institute of Management Accountants.

"The utility marketplace is looking for solutions to help drive and improve their systems through tech innovation and smarter operations," said Rabb. "By approaching the utility industry's overall system utilization challenge in a completely new and innovative way, Innovari is at the leading edge and I am excited to be a part of this strong team that is partnering with the utility industry to deliver a generation quality asset on the demand side of the business."

About Innovari:

Innovari's interactive energy platform connects utilities, their customers, and their communities to improve how the world uses energy. Our solution attacks the electric grid's core problem—the load duration curve—unlocking access to affordable capacity that improves system utilization, reliability, and financial performance, while our non-profit, Plugged into Kids, brings together utilities and their customers to help the children in their communities. With deep grid situational awareness, we enable dynamic, two-way verifiable demand side management; grid system optimization; renewable and distributed energy resources integration; and more. Innovari is the utility industry's Capacity for Change: www.Innovari.com.

SOURCE Innovari

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