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EcoFactor Lands Top Sales and Operational Executives

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New Team to Capitalize on Market Momentum

Redwood City, CA – February 3, 2015 – EcoFactor, Inc., the leader in cloud-based home energy management services, today announced significant additions to its executive team:

  •   –  Devkumar Das, Senior Vice President of Sales. Dev brings to EcoFactor 20 years of software sales leadership in the cable and telecom industries, having led multiple companies through periods of high revenue growth.
  •   –  Richard Huntley and Charlie Gloeckner, Vice Presidents, Utility Solutions. Rich has spent 20 years delivering successful demand side management (DSM) initiatives to utilities. Charlie brings more than 16 years of experience developing solutions for the energy industry and was a founding member of Touchstone Energy Cooperatives, which consists of 750 utilities serving 30 million customers.
  •   –  Shayan Habib, CFO/COO. Shayan will focus on fundraising and on scaling EcoFactor’s capabilities to its growing user base. He’ll also lead strategic initiatives. Prior to EcoFactor, he was a partner with the early stage VC fund Ideavelopers, an investment banker with Lehman Brothers, and an entrepreneur in the energy space.

In connection with these hires, co-founder John Steinberg will step away from the company. “We sincerely thank John for all he has accomplished for EcoFactor and wish him well in the future. Our product is proven at scale and we now have the go-to-market personnel to match the product leadership developed under John’s watch,” said Matt Plante, EcoFactor’s CEO. “Dev, Rich, Charlie, Shayan and the rest of the EcoFactor team are incredibly excited about what’s in front of us.”

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About EcoFactor

EcoFactor is transforming how homes use energy by applying advanced analytics to connected devices in the home. EcoFactor’s cloud-based application actively manages thermostats on occupants’ behalf in intelligent ways that improve comfort while helping them save time, energy and money. Utilities, home service providers and homeowners rely on EcoFactor for demand response, energy efficiency, and HVAC performance monitoring services. For more information, visit www.ecofactor.com.


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