APX Finds CEO, Funding

Santa Clara-based APX, a provider of systems for tracking emissions credits for the environmental and energy market, said Thursday that it raised a new round of funding from Goldman, Sachs, & Co. Other investors in the round included Bechtel Enterprises Holdings, Kinetic Ventures, ONSET Ventures, Technology Partners and Woodside Fund. The funding came in conjunction with the addition of Brian M. Storms as CEO and Chairman of the firm; Storms was most recently CEO of insurance provider Marsh Inc. More information »