GTM Research Names Tendril as One of 2013’s Top 10 Smart Grid Vendors

List Highlights “Smart Grid All-Star Performers”

Boulder, Colo.–Tendril®, the leader in delivering consumer engagement applications and services, has been chosen by GTM Research as one of the industry’s top smart grid performers for 2013. GTM Research is a division of Greentech Media and provides market analysis spanning the green energy industry.

According to GTM Research, Tendril was selected because, “The solutions and products offered by your company have had proven market success, multiple deployments and clear business cases.” More than 40 companies were in contention for a top-10 spot, and according to GTM Research’s ranking criteria, the top 10 list that was chosen represents “the best smart grid vendors across the smart grid value chain.”

Tendril solutions will be profiled in GTM Research’s upcoming annual report, The Networked Grid 150: The End-to-End Smart Grid Vendor Ecosystem Report and Rankings, 2013.

“Tendril has the utmost respect for GTM Research and the opinions of its analysts, so being named among the top 10 smart grid vendors is both very flattering and rewarding,” commented Adrian Tuck, CEO of Tendril. “This is the third award we’ve received so far this year, which, alongside almost 70% year-on-year growth in SaaS revenue for our Tendril Connect™ platform, speaks well of the industry’s perception of the energy management solutions we are delivering to the market.”

About Tendril

Tendril is changing the way the world uses energy with its groundbreaking consumer engagement applications and services. Energy providers, product manufacturers and consumer channel partners use Tendril’s solutions to foster deeper consumer relationships, differentiate their products, achieve business objectives and drive increased value over the lifetime of the consumer. The company’s flagship application suite, Tendril Energize™ delivers the insight, choice and control utilities and consumers need to meet their energy management goals. All of its solutions are built on Tendril Connect™, a software platform that integrates an ecosystem of product and service providers, enabling them to engage consumers and seamlessly engage, extend and evolve their offerings.

Tendril works with energy providers, as well as product and service providers, across the globe. In 2012, the company opened its platform to developers to support the creation of an open application marketplace. It now has more than 500 developers registered in the program, and more than 20 applications have been built using Tendril Connect.

Tendril is headquartered in Boulder, Colo. It is venture backed by VantagePoint Capital Partners, Siemens Venture Capital (SVC), Good Energies, RRE Ventures and GE. For more information, visit tendril4.vermilion.com.