Verdiem Saved its Customers over $50 Million on IT Energy Bills in 2012

SEATTLE, Jan. 31, 2013 /PRNewswire/ -- Verdiem, a leader in IT energy management software, today announced that the company has helped its customers save more than $50 million in 2012 with its IT energy management solutions. More than 700 companies with 2.5 million power-managed devices experienced up to 60 percent reduction in energy waste, delivering substantial savings as a result.

"In today's environment, where cutting costs is part of the 'new normal,' Verdiem delivers a quick energy efficiency win—often in less than six months—with meaningful savings for organizations across industries and sizes," said John Scumniotales, president and CEO of Verdiem. "By reducing IT energy waste, those dollars that would have gone to the utility can now be directed back into the core business—hiring more staff, funding essential programs, or fueling R&D projects."  

Businesses across many industries—such as education, financial services and healthcare—benefit from Verdiem's solutions. In 2012, Verdiem experienced nearly 300 percent revenue growth in the healthcare market alone. Some of the largest healthcare organizations in the U.S. now use Verdiem. Verdiem's flexible approach allows even the most complex healthcare environment to achieve significant energy savings. Although many critical systems must be powered on constantly, healthcare organizations have a significant number of devices that can be put to sleep when not in use, resulting in major savings. As one customer example, Partners HealthCare saves nearly $1.5 million per year using Verdiem.

Verdiem has achieved the following successes in 2012:

• Corporate momentum:
  • More than 10 years of deep IT energy management expertise
  • 700 customers using 2.5 million devices managed by Verdiem
  • 33 percent year-over-year growth and cash-flow positive
• Industry recognition:
  • Named "Best of Breed Vendor" by industry analyst firm Ovum
  • Selected as a Finalist for Institute of Engineering and Technology Innovation Awards
  • Selected as a Finalist for Washington's Best Workplace Award by Puget Sound Business Journal
• New product availability:
  • Further expanded its reach into the SMB market and entered the "smart building" energy management market with the introduction of:
    • VBOX, a fully integrated software and hardware solution for an easy, quick and affordable deployment
    • Connect for Smart Buildings, enabling a 360 degrees view of energy consumption across facilities and IT to significantly reduce energy waste

Organizations of all kinds are benefiting from Verdiem's IT energy management solutions to help serve their operational efficiency goals. As examples, a large banking institution was able to save the company more than $13,000 per month on its energy bill after U.S. energy prices spiked; a school district realized enough cost savings to cover several full-time teacher salaries; and one government organization was able to set an example for its local business community by becoming a better steward to the environment while enjoying a $15,000 reduction on their annual energy bill at the same time.

About Verdiem

Verdiem helped define the PC power management market and has now extended its leadership into IT energy management software. Verdiem enables customers to centrally control and reduce the energy used by PCs, Macs, and network devices running Cisco EnergyWise without impacting end users. More than 700 corporations, government agencies and universities have deployed Surveyor on over 2.5 million devices. Most customers experience payback within 6 to 12 months. Based in Seattle, Verdiem is backed by Kleiner Perkins Caufield & Byers. More information is available at www.verdiem.com.

SOURCE Verdiem