LEWISVILLE, Texas, Nov. 26, 2001 – ExoLink Corporation today named John R. Harris, an industry-recognized leader in the information technology services industry, as its new President and Chief Executive Officer.
A private company founded in 1997, ExoLink has emerged as the provider of retail energy transaction management services for the deregulating energy market, processing over 1.5 million transactions per month.
Prior to ExoLink, Harris was the Chairman and Chief Executive Officer of Ztango – a provider of wireless application solutions headquartered in Herndon, Virginia. As a senior executive of twenty-five years with EDS, Harris was most noted for the rapid growth of EDS business units serving the global telecommunications and media industries.
He earned a BBA and MBA from West Georgia University. In addition, Harris serves on the boards of Genuity, Applied Graphic Technologies, and Ventiv Health.
“John’s success in driving the explosive growth of EDS’ telecommunications business is just one of many testaments to the value he brings to ExoLink,” said Al Crites, an ExoLink board member and general partner at InterWest Partners – a diversified Venture Capital firm. Crites adds, “His strong domestic and international business experience maps perfectly to the strategic market opportunities we recognize and are pursuing in the deregulating power industries.”
InterWest Partners recently led a round of additional institutional investment in ExoLink totaling $5.7 million. A recent surge in new client acquisitions further validates ExoLink’s value proposition and the industry’s need for transaction management services. This funding enables the company to pursue new market opportunities and innovate new offerings, while expanding on its industry-recognized solution.
Don Etheredge, ExoLink’s founder, will continue to play a vital role in further defining ExoLink’s strategic product and market direction. Harris stated, “I look forward to working closely with Don and the team of talented people at ExoLink as we move to extend our current portfolio of offerings, deliver new value-add services, expand our market reach, and develop exciting new industry relations. 2002 will be another year of tremendous opportunity and growth for ExoLink.”
About ExoLink Corporation
ExoLink Corporation is the provider of business process-driven transaction management services for energy companies in the U.S. ExoLink’s transaction management hub enables seamless integration, synchronization, and transaction exchange between the back-office systems and processes of energy retailers and distributors in deregulating markets. Its unique, configurable rules engine is used to optimize the integrity and reliability of interactions between open market participants.
Thus, ExoLink clients enjoy fewer transaction exceptions, accelerated market entry, and extensibility of their back-office systems and business processes as they participate in multiple markets. Founded in 1997, ExoLink customers include AEP Retail Energy, Cinergy Retail, Direct Energy, Entergy, NewPower, Nicor Energy, and Reliant. ExoLink is a privately held company headquartered in Lewisville, Texas. For more information visit the company’s website at www.exolink.com .
About InterWest Partners
InterWest Partners, founded in 1979, is a diversified Venture Capital firm focused on building long-term relationships with entrepreneurs and portfolio companies. With $1.6B capital under management, InterWest’s experienced partners bring together deep domain knowledge in medical technology, telecommunications and software.
InterWest takes a long term, collaborative approach to venture funding, providing early stage and ongoing enlightened capital, management coaching and access to a broad network of resources. Examples of the firm’s previous investments include ArthroCare Corporation, CIENA Corporation, Copper Mountain Networks, Inc., Corixa, Cor Therapeutics, Coulter Pharmaceutical, Cubist Pharmaceuticals, Stratacom (subsequently acquired by Cisco), Lightera Networks (subsequently acquired by Ciena), PercuSurge (subsequently acquired by Medtronic), Silicon Graphics, SiTera, Ventritex (subsequently acquired by St. Jude Medical), and Xilinx, Inc. InterWest Partners has offices in Menlo Park, California and Dallas, Texas.