Innovari, Inc. Names Kristen Magnuson Decozio Chief Financial Officer

Innovari, Inc. Names Kristen Magnuson Decozio Chief Financial Officer

Thirty-Plus Years of Diverse Financial Experiences in Technology Companies

PORTLAND, OREGON (DECEMBER 27, 2017) – Innovari, Inc. (www.innovari.com), a leading utility platform provider, has announced that Kristen Magnuson DeCozio has been appointed Chief Financial Officer (CFO) for the company. Kristen has responsibility for all financial accounting and planning aspects of the company worldwide.

Kristen joined Innovari from Achilles Technology Solutions LLC, where she served as Chief Financial Officer for the designer and producer of tailored body armor plates.

Her experience includes serving twelve years as the Chief Financial Officer of JDA Software, a Nasdaq stock exchange company that grew four-fold during her tenure to nearly $400 million in total revenues. She also held CFO and board positions at several other technology companies.

“Kristen is an accomplished financial operations leader and joins Innovari at an important time in our evolution,” said Chris Hickman, CEO & Founder of Innovari. “Her global experience will help drive our success with the projects we are executing with our utility partners in nine countries. Over the last year we have experienced significant growth as utilities continue to seek solutions to optimize the entire energy value chain, especially regarding the integration of distributed energy resources. Kristen’s proven track record in global, high-growth enterprises has given her important perspectives to help lead our company in scaling accordingly and to drive success for our utility partners.”

Kristen has thirty-plus years of broad based experience in technology related finance and operations. This includes the raising of over $1 billion in capital including debt financing, IPO, as well as secondary and private equity rounds. Over her career, Kristen has served in senior financial roles with Webtrends, Michaels Stores, Inc., and Merabank. She started her career as an Audit Principal with Ernst & Young. This broad expertise will be key to facilitate Innovari’s support for utilities in their Virtual Power Plant and Distributed Energy Resources planning, as well as helping the company’s national retail partners create unique and effective partnerships with their utility.

Kristen is a graduate of the University of Washington, Michael G. Foster School of Business, where she earned a Bachelor of Business Administration in Accounting.

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ABOUT INNOVARI
Innovari has created the platform for utilities to build the grid of the future in partnership with their customers and communities. The Interactive Energy Platform™ (IEP™) uses artificial intelligence, big-data analytics, proprietary optimization routines and deep knowledge of the utility business to optimize the entire energy value chain, especially management of distributed energy resources. The IEP adds much-needed intelligence to both the generation and consumption side of the grid and behaves like a virtual power plant, securely sitting alongside other regulated utility company assets and business models. The Interactive Energy Platform is currently installed on multiple continents. Headquartered in Portland, Oregon, Innovari has offices across the U.S. as well as in India, Latin America and Turkey. Learn more at www.innovari.com.

CONTACT
Don Kintner
VP, Marketing & Corporate Communications
Innovari, Inc.
dkintner@innovari.com
Office & Mobile – 512-318-2154 x3545

  • Utility projects on 4 continents
  • 15 utility partners
  • 4 utility projects in the U.S., 3 more expected by End of 2017
  • Contract announcement with a top 5 US utility – Fall 2017
  • Previously Announced Projects:
    • US:  KCP&L
    • LatAm:  ENSA (Panama), EmCali (Columbia)
    • Asia:  Reliance (India), CESC (India), Bescom (India)
    • EMEA:  KCETAS (Turkey)
  • >200 MW of contracts
  • 4 of top 8 U.S. retailers in Innovari/utility capacity programs
  • 115 global employees, 200+ including contractors
  • Headquarters – Portland, Oregon
  • Manufacturing in Austin, TX and Taipei, Taiwan