SANTA CLARA, CA--(Marketwire - Sep 27, 2012) - Power Assure®, Inc., a data center infrastructure and energy management solutions provider, today announced it has been named a finalist in the Platts Global Energy Awards, an annual program recognizing exemplary industry leadership. The 2012 finalists, selected from nearly 200 nominations from more than two dozen countries, were announced this week by program host Platts, the leading global energy, petrochemicals and metals information provider.
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"We congratulate all of the finalist companies and individuals, and we look forward to honoring their accomplishments when we unveil the 2012 Global Energy Award winners in November at our fourteenth annual awards dinner," said Larry Neal, president of Platts.
Power Assure was selected a top 10 finalist in the Rising Star Company category. The Rising Star Company recognizes the achievements of either a genuine startup business or an existing business that has moved into a brand new field. Elbowing into a new space in an already crowded industry takes guts, flawless execution, brilliant marketing and a tremendous organizational ability to learn fast. Judges selected finalists on their ability to have used these skills to establish themselves as equal to, or better than, existing players in any energy industry field or discipline.
"We are very pleased to be named a finalist in the prestigious Platts Global Energy Awards competition," said Brad Wurtz, president and CEO, Power Assure. "This recognition is acknowledgement that the data center industry is ready to take the next step in energy savings and efficiency. After taking facilities efficiency about as far as it can go, IT organizations are now starting to look at ways to increase server utilization, which is by far the largest lever they have to reduce power consumption. Power Assure's Runbook Automation software allows IT organizations to increase utilization by shutting off servers when they aren't needed, and bringing them back on again as demand increases and the servers are required. This 'demand-driven' data center responds instantly to real-time changes in customer demand, and can cut power costs by 50-70%."
Established in 1999 and often described as "the Oscars" of the energy industry, Platts Global Energy Awards highlight corporate and individual innovation, leadership and superior performance in 19 categories spanning the entire energy complex.
More than 500 guests are expected to attend the black-tie dinner at New York's Cipriani Wall Street on Thursday, November 29, when the 2012 Global Energy Awards will be emceed for a third year by CNBC Television anchor Amanda Drury and presented by Platts and principal sponsor Capgemini, which returns for its 10th consecutive year. Elster, one of the world's largest electricity, gas and water measurement and control providers, is a co-sponsor of the event for the 5th consecutive year.
The Awards dinner will be preceded by an associated daytime event, the Platts Global Energy Outlook Forum, which features debate and roundtable discussions by energy executives, government officials and other industry leaders on the topic, "Fuel Fight: Environment meets Economics."
For the full list of 2012 Platts Global Energy Awards finalists or for more information on the Awards, visit the Platts Global Energy Awards website.
About Power Assure (www.powerassure.com)
Power Assure is a leading developer of Data Center Infrastructure and Energy Management software for large enterprises, government agencies, and managed service providers. Power Assure's solutions provide visibility, intelligence, analytics and automation to help CIOs, IT directors, and facilities managers optimize capacity, service levels, and power consumption within and across data centers. Headquartered in Santa Clara, CA, the company is privately held with funding from ABB Technology Ventures, Dominion Energy Technologies, Draper Fisher Jurvetson, Good Energies, Point Judith Capital, and a grant from the Department of Energy. Power Assure partners include ABB, Cisco, Dell, IBM, In-Q-Tel, PARC, Raritan, UL and VMware.
About Platts
Founded in 1909, Platts is a leading global provider of energy, petrochemicals and metals information and a premier source of benchmark prices for the physical and futures markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in more than 150 countries benefit from Platts' coverage of the carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemical, and shipping markets. A division of The McGraw-Hill Companies (NYSE: MHP), Platts is headquartered in New York with approximately 900 employees in more than 15 offices worldwide. Additional information is available at http://www.platts.com.
Power Assure is a registered trademark of Power Assure, Inc. All product names and references remain the trademarks or registered trademarks of their respective owners.