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.