Hara Identified as 2010 Enterprise Carbon Accounting Emerging Leader
Recognized for large strides in establishing a foothold in market predicted to grow 600% by 2011
Redwood City, CA – January 19, 2010 – Hara, a leading provider of environmental and energy management software, today announced it has been identified as an Emerging Leader in the Enterprise Carbon Accounting (ECA) software market by Groom Energy Solutions, a provider of renewable and energy efficiency solutions to organizations across the U.S. Of the 20 companies profiled, Hara was the only start-up added to the 2010 ECA Emerging Leaders list in the report, “Enterprise Carbon Accounting: An Analysis of Corporate-Level Greenhouse Gas (GHG) Emission Reporting and a Review of Emerging GHG Software Products.”
The ECA report analyzes the market for emerging greenhouse gas (GHG) software products. It states, “The vendor market is flooded with 60 vendors, 8 of whom are Early Leaders,” and credits Hara for making large strides in 2009 in establishing a market foothold. The research also confirms the number of corporations now disclosing greenhouse gas emissions increased significantly in 2009 and predicts that ECA software purchases will increase 600 percent by 2011.
Emerging Leaders are identified based on the analysis of four dimensions: financial strength, product/technology strength, number of customer deployments, and vision. The report cites that Hara attracted investor attention, securing $20 million in funding from Kleiner Perkins Caufield & Byers, JAFCO Ventures, and Nth Power, and has seen significant recent customer success, having closed a number of deals in 2009 with industry leaders including Coca-Cola, News Corporation, the City of Palo Alto and the City of San Jose.
“Hara’s recent customer wins, strong balance sheet, and very credible software offering made it the most exciting new entrant to the ECA market in 2009,” said Paul Baier, vice president, Climate Consulting for Groom Energy. “Companies considering investment in software to automate the process of managing carbon and energy will do well to evaluate this promising new vendor.”
“Hara continues to experience rapid growth and increasing demand as a growing number of leading companies realize the benefits of better managing their entire energy and environmental footprint – not only for the environment, but also for the bottom line,” said Amit Chatterjee, CEO and founder of Hara. “Hara’s inclusion in the Groom 2010 ECA Emerging Leaders list reinforces what dozens of organizations and Fortune 500 companies already know about the breadth, depth and value of the Hara Environmental and Energy Management solution.”
The report, “2010 Enterprise Carbon Accounting: An Analysis of Corporate-Level Greenhouse Gas (GHG) Emission Reporting and a Review of Emerging GHG Software Products,” is available online at www.groomenergy.com.
About Hara
Hara helps organizations grow and profit while optimizing natural resource consumption and minimizing environmental impact. The Hara™ Environmental and Energy Management solution gives customers auditable transparency and control of their organizational metabolism – the collective resources consumed and expended by an organization – including energy, water, waste, carbon and other resources. Leading organizations use Hara solutions to manage their environmental record and leverage best practices in order to improve their operational efficiency, maximize shareholder value and manage risks. Hara was initially funded in 2008 by Kleiner Perkins Caufield & Byers. For more information, please visit www.hara.com.
