|By Marketwired .||
|January 31, 2013 07:09 AM EST||
OWINGS, MD -- (Marketwire) -- 01/31/13 -- ComRent International, the global leader in load bank rentals and services, has announced an investment from the Global Environment Fund (GEF), a global private equity firm. The investment will support ComRent's ongoing growth through international expansion and further penetration of key sectors with mission-critical power testing requirements.
As part of the investment, Raul Martinez has been promoted to president and CEO with responsibility for the strategic vision, daily operation and growth of ComRent. Founder Clayton Taylor will continue his active oversight of ComRent as Chairman of the Board of Directors.
"We are excited about our partnership with GEF, which will provide us with the financial resources and additional expertise to grow and create value, while preserving our commitment to innovation and outstanding customer service," Martinez said.
GEF Managing Director, Lisa Schule, stated, "We are impressed by ComRent's focused portfolio of products and services that serve the electrical testing industry and we are looking forward to partnering with the ComRent team to support the company's continued organic growth, international expansion and acquisitions."
ComRent's solutions are used in the commissioning and testing of mission-critical electrical and mechanical systems to help customers validate system design, installation, performance capacity and compliance, while avoiding costly system failures. ComRent's 15-year anniversary in 2012 was marked by significant honors from the media. Inc. Magazine recognized the company for the sixth straight year in its "Inc. 500/5000 list" -- pegging it as one of America's fastest-growing companies. Additionally, the team was announced as the "Gold Winner" in the Golden Bridge Awards Program for the company's wind farm power testing solution -- representing excellence in green, eco-friendly and clean technology innovation.
About ComRent International
Founded in 1997, ComRent International, LLC provides load banks for the testing and commissioning of primary and backup electrical generating and mechanical systems. Headquartered in Owings, MD, ComRent has 18 strategic locations in the United States, Canada, Brazil, and Saudi Arabia and can meet a wide variety of electrical and thermal load testing requirements anywhere in the world. ComRent built the first and only medium voltage load bank in the rental market for testing large, multi- generator plants and the first rack mount load bank with variable load, CFM and wireless remote control. Learn more at www.ComRent.com
About Global Environment Fund
Global Environment Fund, a Chevy Chase, MD based private equity firm founded in 1990, invests around the world in businesses that provide cost-effective solutions to pressing energy, resource and environmental challenges. GEF's investments draw upon decades of operating experience in three distinct markets -- US-based companies providing leading environmental and clean energy technologies and services; emerging market businesses in rapidly growing clean energy and environmental services markets; and timberlands in attractive locations in the southern hemisphere. The firm is headquartered outside Washington, D.C., and has local offices in Brazil, India, China, South Africa and other key markets. GEF currently manages approximately one billion dollars in private equity investments for institutional investors including university endowments, foundations, family offices and pension funds. For more information please visit: www.globalenvironmentfund.com
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2214564
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
Apr. 30, 2016 10:00 PM EDT Reads: 1,058
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Apr. 30, 2016 08:15 PM EDT Reads: 1,792
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Apr. 30, 2016 05:30 PM EDT Reads: 698
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
Apr. 30, 2016 04:45 PM EDT Reads: 1,012
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Apr. 30, 2016 04:45 PM EDT Reads: 608
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Apr. 30, 2016 04:45 PM EDT Reads: 1,049
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Apr. 30, 2016 04:15 PM EDT Reads: 741
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Apr. 30, 2016 04:15 PM EDT Reads: 1,664
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Apr. 30, 2016 04:15 PM EDT Reads: 559
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Apr. 30, 2016 04:00 PM EDT Reads: 549
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Apr. 30, 2016 03:30 PM EDT Reads: 1,437
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
Apr. 30, 2016 03:15 PM EDT Reads: 742
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
Apr. 30, 2016 02:30 PM EDT Reads: 1,704
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...
Apr. 30, 2016 02:15 PM EDT Reads: 1,449