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FOR IMMEDIATE RELEASE: JUNE 3, 2016: WegoWise Announces Leadership Transition

Friday, June 3, 2016

FOR IMMEDIATE RELEASE: JUNE 3, 2016

 MEDIA CONTACT:

Sonya Levitova

646-517-1823

sonya.levitova@berlinrosen.com

WegoWise Announces Leadership Transition

Boston, MA - WegoWise, the leading company in energy benchmarking that is sponsored by Boston Community Capital through its Venture Fund, has announced that veteran tech executive Laila Partridge will become WegoWise’s new Chief Executive Officer. Partridge is a Fortune 100-trained executive with 30 years of experience in corporate and entrepreneurial settings. She has held executive roles in large companies like Intel and Wells Fargo, and has co-founded technology, health, and workplace start-ups. She comes to WegoWise as it transitions from a start-up company to an industry leader.

 “WegoWise has the largest database of its kind in the nation and is poised for extensive future growth,” said Partridge. “The company’s mission aligns closely with my own experience and philosophy, and I’m excited to lead the next stage of WegoWise’s development.”

Partridge will lead WegoWise as it continues to expand upon its successes. Since 2010, WegoWise has accumulated the largest database of affordable housing utility data in the world and has evaluated more than 1.5 billion square feet of real estate and over six million utility bills, providing crucial data access to local governments and property owners around the country. Sponsored by BCC, WegoWise has grown from an idea to a strong, stable company that helps millions of homes and buildings conserve energy and save money.

 Outgoing CEO Andrew Chen will continue to serve on the board of WegoWise and as Chief Financial Officer of Boston Community Capital (BCC) and Managing Director of its Venture Fund (BCV), which provides equity investments in high-potential businesses that create financial, social and environmental returns. Chen helped to grow BCVF into a leader in the community development venture capital industry, overseeing investment in companies such as Zipcar, Acelero Learning, Selectech and City Fresh Foods.

Elyse Cherry, CEO of BCC, will continue to serve as the company’s Executive Chair. “We are delighted to welcome Laila, whose vision and years of experience make her an ideal leader for WegoWise. And we are extraordinarily grateful to Andrew for his dedication to and leadership of the company during the first phase of its growth,” said Cherry.

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About WegoWise

WegoWise is an online provider of monitoring and analytics solutions for minimizing the water and energy use of multi-family homes. It offers easily accessible reports that highlight energy and water inefficiencies so customers can make smart decisions and save money on utility bills. For additional information, visit www.wegowise.com.

About Boston Community Capital

Boston Community Capital (BCC) is a non-profit community development financial institution dedicated to building healthy communities where low-income people live and work. Since 1985, BCC has invested more than $1 billion in projects that provide affordable housing, good jobs, and new opportunities in low-income communities, connecting these neighborhoods to the mainstream economy.

 About Boston Community Capital’s Venture Fund

Boston Community Capital created its Venture Fund to provide equity investments in high-potential businesses that create financial, social and environmental returns.  Since 1997, the Venture Fund has invested $20 million in 21 companies across a broad range of industries—from transportation and media, to education and food services, and to life science diagnostics and waste remediation.