Trilliant, a company that provides intelligent network solutions and software to utilities for advanced metering, demand response, and smart grid management, announced today that it closed $40 Million in equity financing. This financing was led by an affiliate of MissionPoint Capital Partners and also included zouk ventures. In connection with this investment, Mark J. Lewis (Managing Director, MissionPoint) and Anthony Fox (Partner, zouk ventures) will join Trilliant's Board of Directors. Trilliant intends to use the funds to accelerate the company's continued growth and market expansion globally.
"We are honored to have MissionPoint and zouk join us in our efforts to deliver Smart Grid solutions to the global utility industry," said Bill Vogel, CEO of Trilliant. "Trilliant has a very ambitious goal. We intend to be the leading provider of advanced Smart Grid solutions globally, helping utilities upgrade and modernize their network infrastructure and expand their energy management capabilities with best-in-class, flexible, robust solutions and service. Our partnership with MissionPoint and zouk significantly accelerates that goal."
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