Hara Fund Raising Pressures Competitors
Published: 11 September 2009
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Executive Summary
Hara Software, a California headquartered software firm focused on solutions for energy, carbon and environmental management raised a $14 million Series B round from Kleiner Perkins Caufield & Byers, Nth Power and JAFCO Ventures. To hear more about the rationale for the additional investment and business plans Verdantix spoke with the CEO, Amit Chatterjee and the CMO Chris Farinacci on the day the deal was announced. The investors committed to the fund raising because they believe the firm will capitalize on strong demand drivers, apply the cash to accelerate global growth, compete more effectively with a broader offering and position the firm for an IPO. This Series B round puts pressures on competitors like CA, Carbonetworks, Enablon, Greenstone, ProcessMAP, SAP and SAS to respond. The key point is that customer acquisition in 2010 and 2011 will drive long-term market share.
TABLE OF CONTENTS
HARA SOFTWARE RAISES $14 MILLION FOR GLOBAL GROWTH
Hara Funding Raises The Bar For Carbon Management Competitors
COMPANIES MENTIONED
CA, Carbonetworks, Coca-Cola, Enablon, Greenstone, IHS, JAFCO Ventures, Kleiner Perkins Caufield & Buyers, Nth Power, Oracle, ProcessMAP, SAP, SAS