TORONTO — REGEN Energy has announced the appointment of Pete Malcolm as president and chief executive officer. Malcolm brings over 30 years of experience in the software industry, during which time he was named as inventor on over 150 patent applications in over 20 countries. He joins REGEN from Power Assure, which focuses on energy efficiency for data centers, where he was president and CEO.
“This is a time of innovation and exponential growth for REGEN and I am pleased to be part of such an exciting phase in the company’s life cycle,” said Malcolm. “Deployments of our Swarm Energy Management™ solution continue to experience year on year growth exceeding 200 percent and I look forward to using my experience to help the company continue their expansion in the market.”
Prior to his role at Power Assure, Malcolm founded and served on the executive team of various other businesses including Orchestria, a leading data loss prevention company providing email and web monitoring solutions to Wall Street banks and other financial institutions, which was later acquired by CA Technologies.
“Pete is an outstanding business leader and a serial entrepreneur who has a proven track record of building several highly successful technology companies over the past two decades. With a wealth of experience in applying state of the art software and cloud computing to scale the rapid adoption of REGEN’s Swarm Energy Management platform, Pete brings the skills needed to grow our business exponentially,” said Robert Chiste, REGEN’s executive chairman. “Our board performed an extensive search and feels fortunate to have attracted a CEO of Pete’s caliber. With the recent completion of our Series B financing totaling in excess of $12 million, we are looking forward to supporting Pete and his leadership team to grow REGEN into a major force in the demand management industry.”
REGEN Energy’s Swarm Energy Management allows small to mid-sized commercial, industrial, and institutional buildings with little-to-no building automation to participate in the growing automated demand response and dynamic load management markets. For more information, visit www.regenenergy.com.
Publication date: 10/13/2014