Exceleron Software Appoints New Chief Marketing Officer and VP of Sales

April

April 5, 2016

“We are at a crossroads where prepay is rapidly becoming a smarter way for utilities and their customers to do business together.” -Bob Crenshaw, Exceleron CEO

– Exceleron Software Appoints New Chief Marketing Officer, Senior VP of Sales

EXCELERON SOFTWARE APPOINTS NEW CHIEF MARKETING OFFICER, SENIOR VP OF SALES

Industry Leader Prepares to Expand Offerings for Utilities

Dallas, Texas – Exceleron Software announced today that utility thought leaders Ravi Raju and Darren Raybourn have joined the technology company’s executive team in response to rapid growth and increased demand for the MyUsage customer engagement and prepayment solutions.

“We are at a crossroads where prepay is rapidly becoming a smarter way for utilities and their customers to do business together,” said President and CEO Bob Crenshaw. “With Ravi and Darren on our team, we are positioned to build on our rapid growth and further capture the enormous opportunity in this market.”

Raju joins Exceleron as Executive Vice President and Chief Marketing Officer. He brings more than two decades of experience in cross-functional leadership, strategic marketing, and technology implementation. As a senior executive and technology consultant, Raju has built and led sales, marketing, engineering, operations, and delivery teams while defining and executing strategic initiatives at Itron, SmartSynch, and other high-tech companies.

“I am excited to be working with the Exceleron team as we help utilities increase their return on AMI investments via our MyUsage solutions,” said Raju. “Consumers are rapidly adopting emerging financial technology and smartphone applications for greater insight and payment ease. It is an honor to step into a new management role with a proven market leader.”

Raybourn, Exceleron’s Senior Vice President of Sales, is a technology executive with experience identifying market needs, defining business strategy, and delivering value-added solutions. His technical and business acumen helps him explain how technology solutions benefit end users.

About Exceleron Software

Exceleron Software is the preeminent provider of prepayment and financial technology solutions for North American utilities, having served more than 100 utility customers and 500,000 prepay consumers. Electric, water, and gas utilities are using Exceleron’s MyUsage solution to recover more than $20 million in bad debt and process more than $500 million in payments while helping consumers practice energy conservation and avoid nearly $1 billion in service connection and late fees. Consumers have more access to detailed consumption information and greater control over the amount, frequency, and method of payments. This increases customer choice, improves customer satisfaction, and significantly lowers financial risk for utilities. For more information about MyUsage, visit www.exceleron.com.