SmartSynch Closes $23 Million Series B; Energy Technology Company Well-Positioned to Address California Needs. - Free Online Library

Business/Energy EditorsJACKSON, Miss.--(BUSINESS WIRE)--April 17, 2001SmartSynch(TM), a leading provider of end-to-end wireless data solutions to the energy and utility market, today announced that it has raised $23 million in venture capital funding. "About SmartSynchSmartSynch is an energy technology company providing enterprise wireless data solutions that enable two-way communication among commercial and industrial meters and other remote corporate assets. For more information , visit the Web site at www.exeloncapitalpartners.com.About Kinetic VenturesKinetic Ventures is a leading provider of capital to entrepreneurial companies addressing growth markets related to communications, Internet and customer service. The fundamental changes taking place in the $900 billion globalenergy utility industry have given rise to many venture capital investment opportunities, and Nth Power has emerged as a leading source of venturecapital for this sector. Siemens Venture Capital maintains a special focus on funding the high-potential areas of network infrastructure, wireless and broadband access technologies, e-business solutions for the healthcare and utility services industries and multimedia communication.