COST: 733 $MM
VOLUMES: 391 MW
HOUSTON, Oct. 13, 2020 /PRNewswire/ -- ThoughtTrace, Inc., a leading Document Intelligence and Contract Analytics software company, is pleased to announce the addition of Kristina Peterson as Senior Vice President, Power and Renewables. In this new role, Ms. Peterson will provide senior leadership in sales and business development, and provide strategic guidance to ThoughtTrace customers in the power and renewables sectors.
ThoughtTrace, Inc. is a leader in the field and named one of the Best Workplaces in Texas in 2020 by Fortune. The AI-powered document intelligence software delivers answers to complex questions from domain-specific documents in minutes, and has unlocked hundreds of millions of dollars of value across sectors. The ThoughtTrace SaaS solution is in high demand by customers investing in infrastructure, asset management, and operations & maintenance. Clients leverage critical insights from the ThoughtTrace software during mergers & acquisitions/valuation, land lease management, risk management (legal, insurance, compliance), development, power marketing (curtailment, REC trading) and the analysis of growth potential in their portfolios.
Ms. Peterson joins ThoughtTrace from Brookfield Renewable Partners (NYSE:BEP), where she led its initial investment in the solar sector, acquiring TerraForm Power and TerraForm Global for $1.4 billion in equity investments in 2017. She has specialized in growing and scaling organizations in the power generation and renewables sectors throughout her career, and has held CEO, CFO and other senior leadership roles at EDF Renewables, Greenwood Energy, and Suntech Power. Her experience in M&A, asset management, finance and operations has reinforced her interest in utilizing AI and machine-based learning as productivity tools to better address the needs of the growing power and renewables industries. Ms. Peterson shifted to the solar industry from a successful career in investment banking at Citibank and ABN AMRO Bank in power project finance in the U.S. and Middle East.
"ThoughtTrace is thrilled to bring Kristina's experience in power, renewables, and finance to our team. Her track record as a senior executive in solar and other infrastructure investing, coupled with her involvement in transactions worth over $6 billion globally, is the perfect blend of experience to guide ThoughtTrace customers to increase ROI," said Kurt Kemmerly, Chief Customer Officer, ThoughtTrace.
"Ms. Peterson is a key hire that reinforces our commitment to innovation and expansion in the renewables sector. Together, we will work diligently to become a market-leading solution provider in this space, as we have in other verticals," said Nick Vandivere, Chief Executive Officer, ThoughtTrace. "Kristina will collaborate with our exceptionally strong sales and technical teams to take the ThoughtTrace solution for power and renewables to new heights for our customer-base."
Since the 2017 initial product release serving the domestic energy sector, ThoughtTrace has seen aggressive growth year-over-year through expanding energy offerings, as well as moving into new vertical markets with more investments in power, renewables, and real estate. Since 2019, the company has gained an impressive set of new customers in the space, including AES, Brookfield, CD Arevon, EDP Renewables SPower, as well as B2B corporations investing in sustainability initiatives - all using ThoughtTrace for asset management, M&A, and operations and maintenance. ThoughtTrace is releasing a new version of their solution in October 2020, which will define how organizations in complex industries achieve Document Understanding moving forward.
About ThoughtTrace:
ThoughtTrace creates the only industry-specific Document Intelligence and Contract Analytics platform that delivers value on day one with minimal training and setup. Leveraging AI/ML as a complement to human expertise, the ThoughtTrace platform identifies critical obligations in contracts exponentially faster and with greater accuracy than traditional methods. The software reads, organizes, and surfaces data that gives users operational agility and actionable insights for better decision making. ThoughtTrace is backed by a syndicate of investors led by Altira Group, Chevron Technology Ventures and McRock Capital. www.thoughttrace.com
Contact:
Brittany Bluestein
brittany.bluestein@thoughttrace.com
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SOURCE ThoughtTrace, Inc.
SAN DIEGO, May 12, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of TerraForm Power, Inc. ("TerraForm Power" or the "Company") (NASDAQ: TERP) breached their fiduciary duties in connection with the proposed sale of the Company to Brookfield Renewable Partners ("Brookfield Renewable") (NYSE: BEP).
On March 16, 2020, TerraForm Power announced that they had entered into a definitive merger agreement for Brookfield Renewable to acquire all of the outstanding shares of Class A common stock of TerraForm Power, other than the approximately 62% currently owned by Brookfield Renewable and its affiliates. Under the terms of the acquisition agreement, TerraForm Power's shareholders will receive 0.36 Brookfield Renewable shares for each share of TerraForm Power they own.
The investigation concerns whether the TerraForm Power board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for TerraForm Power shares of common stock.
If you are a shareholder of TerraForm Power and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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View original content:http://www.prnewswire.com/news-releases/terp-alert-johnson-fistel-investigates-proposed-sale-of-terraform-power-are-shareholders-getting-a-fair-deal-301057582.html
SOURCE Johnson Fistel, LLP
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