GridPoint Welcomes John B. Spirtos, former Senior Vice President of Comverse Technology, to Lead Corporate Development and Strategy

ARLINGTON, Va. - (BUSINESS WIRE) - GridPoint, Inc., a leading smart grid company whose software platform benefits electric utilities, consumers, and the environment, announced that it has appointed John B. Spirtos to lead corporate development and strategy including new business initiatives, corporate partnerships and mergers and acquisitions activity.

"John's wealth of experience and proven track record will be invaluable as we continue to grow in this rapidly emerging market," said Peter L. Corsell, CEO, GridPoint. "His leadership will play a critical role in our strategy to build or buy best-of-breed technologies to offer utilities and their customers."

Previously, Spirtos served as Senior Vice President of Comverse Technology, the leading billing and messaging software provider to the global communications industry. Prior to Comverse Technology, he was Senior Vice President of NeuStar, Inc., a provider of clearinghouse and directory services to the communications and Internet industry that was named 2005 Technology IPO of the Year, and President of Corvis Corporation and its wholly owned subsidiary, Broadwing Communications, LLC, an integrated communications equipment and services provider.

He holds a B.S. from the University of California, a J.D. from Southwestern University, and LL.M. and M.B.A. degrees from Georgetown University.

To date, GridPoint has raised in excess of $220 million to fuel its organic development and acquisition strategy. Investors include Altira Group, Craton Equity Partners, Goldman Sachs Group, New Enterprise Associates (NEA), Perella Weinberg Partners, Quercus Trust, Robeco and Susquehanna International Group (SIG).

GridPoint is working with utilities nationwide including Xcel Energy, Duke Energy, Austin Energy, Progress Energy and Seattle City Light and was selected by the World Economic Forum as a Technology Pioneer in 2008.

About GridPoint

GridPoint, Inc., an established leader in smart grid technologies, implements intelligent software solutions that are transforming the electric power grid. Allowing utilities to incrementally adopt and customize solutions to better measure and control energy efficiency, load management, renewable integration, storage management, and electric vehicle management, GridPoint's solutions benefit utilities, consumers, and the environment alike. Enabling these solutions is the GridPoint Platform, an open architecture which integrates distributed energy resources and allows utilities to adapt smart grid solutions to their unique requirements. By delivering the actionable information and flexible tools to monitor and control energy, GridPoint increases reliability, efficiency, and savings. On the Net: www.gridpoint.com

GridPoint
Media Contact:
Suzanne Lauer, 703-862-3137
slauer@gridpoint.com