SAN CLEMENTE, Calif., Nov. 01, 2018 /PRNewswire-PRWeb/ -- Smart building software developer, Site 1001, announced today that it has named accomplished SaaS startup executive Dipak Shah as the company's Chief Financial Officer / Chief Operations Officer. Shah will focus on increasing the company's fiscal success and raising additional funding while determining and establishing proven operational strategies across all Site 1001 departments.
Shah has over 30 years of experience in founding, developing and managing enterprise software, financial technology and SaaS companies. A results-focused entrepreneur, Shah's background has included roles in engineering, sales, finance, and operations where he has helped to grow organizations from inception to upwards of $750 million in revenue. Shah has raised nearly $1.5 billion from angel, venture and private equity funds and helped deliver multiple successful exits and IPOs for his shareholders. An active member of the local southern CA business community, Shah also holds an MS in Engineering and an MBA in finance and business strategy.
"We are absolutely thrilled to announce Dipak Shah as the latest addition to the Site 1001 team," said Cleve Adams, CEO of Site 1001. "Dipak is a pillar in the high tech industry nationwide and a frequent board member of startup companies where he's proven his expertise in leading again and again. His background in business and engineering is a unique mix that is a perfect fit for Site 1001. We look forward to Dipak's insightful direction as we continue to grow our smart data solution to buildings everywhere."
Site 1001 develops a building performance and operations platform that is currently implemented in over 2.5million square feet including prominent public and entertainment spaces in aspiring smart cities, critical infrastructure locations, Indian gaming casinos, large hotel chains, and commercial real estate properties. Site 1001's platform analyzes data from building documentation, people-generated data, building sensors and connected equipment, environmental sources, and external sources to build an idea of a building's "health." By optimizing buildings, Site 1001 increases building and asset longevity, empowers facilities teams, improves energy efficiency, and creates a healthier and more enjoyable environment for occupants.
"As we start to raise our series B, Dipak will be a powerful asset for Site 1001," stated Adams. "We are rapidly growing the company due to the market's current and future needs for our unique AI-driven building data platform and we need the best, like Dipak, leading our team."
Shah joins Site 1001 immediately, based out of the company's San Clemente, California office.
About Site 1001
Site 1001 is the developer of a high performance building performance and operations software platform that uses core building information, building systems and sensor data in combination with a powerful machine learning engine to put the "smart" in "smart buildings." Cloud-based, mobile first, and location-aware, Site 1001 helps building owners, operators and facilities managers save money, improve building performance and extend building and asset life by delivering critical facilities information to the right person in the right place at the right time. Backed by a revolutionary building AI technology that continuously monitors building operations to anticipate maintenance needs and can both notify personnel as well as automatically interact with building systems to correct issues, Site 1001 users can improve efficiency, slash FM costs and extend equipment lifecycles without increasing workloads. Headquartered in Kansas City, Missouri, Site 1001 has an executive office and tech hub in Orange County, California, and an Eastern regional office in Raleigh, North Carolina. For more information, visit Site 1001's website at https://www.site1001.com, email: info(at)site1001(dot)com, or call +1 (949) 276-6300.
SOURCE Site 1001
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