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Comverge
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Short description

Provider of demand response, advanced metering, and grid management technology to the electric utility industry and energy consumers

Founded in 1974
Founded in

Company type Public Public (COMV)
Company type

Industry Group energy & power

Sector energy networks

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Norcross, GA Norcross, United States
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  • 1 M&A items
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Date Company
09/12/2011

Duquesne Light Company Duquesne Light Company

Comverge will provide demand response services for residential and light commercial customers.

Confirmed by Duquesne Light Company

Partnerships
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Date Partner Type
10/26/2011
Tampa Electric Company Tampa Electric Company
Comverge’s IntelliSOURCE platform will help to upgrade Tampa's residential price responsive program.
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Confirmed by Tampa Electric Company
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Investment Rounds
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IPO INFORMATION

Date

04/18/2007

IPO status

Listed

IPO Type

IPO

Amount

$86.1M

Initial shares

6095000

Ticker symbol

COMV

Exchange listed

NASDAQ

Prospectus URL

Prospectus

Source URL

Source

Description

Date Investors Type Amount
12/11/2012 (0)
Post-money valuation of
Comverge received a total of $16 million in financing in this deal. The investment consists of subordinated debt and equity, so a 50/50 split is assumed until better information is available.
Growth Equity $8,000,000
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