Powerit Solutions Plugs Into $5M Financing, Names Former DocuSign Chief Matt Schiltz CEO

3/1/11

Seattle-based Powerit Solutions, which provides energy management and conservation for industry clients, is trumpeting a new boss and a fresh round of investment. Matthew Schiltz is Powerit’s new group CEO, handling both the North America and Northern Europe divisions. Schiltz was chief executive at Seattle-based DocuSign from 2007 to 2010. The company’s $5 million financing round was led by new investor Black Coral Capital and joined by four repeat investors. The Swedish part of the company has been around since 1994, and the Seattle division since 2002.

Curt Woodward is a senior editor for Xconomy based in Boston. Email: cwoodward@xconomy.com Follow @

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