In addition to working with many great new companies as well as those currently in our portfolio, we have been adding new investors to our group. We are pleased to welcome four new members with a wide range of skills to evaluate and assist new
ventures: Ed de Castro, Martin Flusberg, Dan Kaplan and Ajay Sadhwani.
Ed de Castro brings a rich background in software, semiconductors, and most recently life sciences. Ed has been a director of the Avax Technologies since October 1993. Since 1990, he has been consulting for companies and participating as a member of certain Boards of Directors. Ed was one of five co-founders of Data General Corporation in 1968 for which, from 1968 to 1989, he served as its President and Chief Executive Officer, and from 1989 to 1990, he served as its Chairman of the board of directors.
Dan Kaplan brings extensive knowledge of on-line and off-line publishing as well as current experience in energy efficiency. He currently is CEO of PowerHouse, which has developed a technology enabling homeowners to monitor and manage the energy consumption (electricity and heat) in their homes. Previously, he started more than a dozen publications including alternative newspapers, regional business publications, and regional and national magazines. He was a co-founder and director of LowerMyBills.com, which was sold in 2005 for $300 million to Experian.
Martin Flusberg adds to our expertise in technology solutions for energy. In his 25+ years in the technology
industry, Martin has held senior executive positions with several software companies, and gained specific experience with software for the utility industry and clean energy. Most recently, Martin was president of Nexus Energy Software, a global software company serving the utility industry. Nexus was sold to ESCO Technologies in 2005 and Martin continued as President until late 2008. Immediately prior to co-founding Nexus, Martin was founder and president of
REALink Systems, a pioneering software and Internet firm serving the real estate industry.
Ajay Sadhwani brings both software and healthcare expertise, most recently as a co-founder and CEO of ARS Clinical (a clinical research organization). Ajay served as President of ARS Clinical since co-founding it in 1998. ARS Clinical was acquired by Premier Research in July, 2007. He has over 14 years of experience in the Pharmaceutical/Biotech industries implementing clinical trial data management systems and their related processes. His career has taken him from Damon Laboratories and GE Medical Systems to Serono Laboratories. Ajay received his B.S. degree in Bioengineering from Syracuse University and his M.S. in Biomedical Engineering from Boston University.
