Sept 21, 2011, Zurich, Switzerland: Carbonflow Switzerland AG announced today that key members of the management team of Carbonflow Corp. have successfully acquired certain assets of the former company in a management buyout, including the intellectual property and trade name. As part of the acquisition, the new group has assumed customer contracts and obligations. The new entity will be based in Europe where the principle emissions reduction market is located, with headquarters in Switzerland. Robert Dornau, a 15-year veteran of the carbon market, will lead the company; Heidi Smith will be head of products and technology. Carbonflow Switzerland AG will assume responsibility for the company’s existing products, services, and client relationships. Additionally, ongoing sales, support, and hosting operations will continue as planned.
The buyout recognizes the increased growth of the Carbonflow client base and platform usage in Europe. Over 500 projects are actively managed on the platform today, with 10 new projects being added per week on average. Carbonflow had successfully developed its product portfolio, starting with Connect+, a multi-party workflow, document and project management platform, adding CarbonMonitor to support emission monitoring and reporting, and, earlier this year, launching CarbonContracts for the management of carbon contracts and their financial performance.
Robert Dornau, CEO, said, “The management team is excited to work in this new entity. We are highly motivated to continue developing and hosting leading software solutions for the carbon market. The new organization will allow us to restructure our business model. We will provide very attractive entry-level software access as well as tailored enterprise solutions. We will continue to be a market leader in carbon management software. In particular, we look forward to upcoming releases of new products for Programs of Activity (PoAs), the CDM’s recent small scale carbon project solution.”
Gerry Langeler, Managing Director, OVP Venture Partners, an early stage investor in Carbonflow Corp. noted: “Europe continues to dominate the carbon market. We are delighted the new management team is moving forward and continuing to grow their share of this important market. ”
Carbonflow’s key clients and development partners, including GDF Suez, SGS and others were supportive of the management buyout.
About Carbonflow
Carbonflow provides an integrated suite of software applications used by organizations worldwide to manage, monitor, and monetize their emission reduction projects. The company provides unique browser-based products and services that empower any organization to manage carbon projects on a secure multi-party platform. The company’s goal is to reduce the time, cost, and complexity of implementing projects, while complying with international, regional, national, and voluntary carbon market requirements. For more information, visit www.carbonflow.com.
Carbonflow is a registered trademark of Carbonflow Switzerland AG.
