$5M funding: Carbonetworks closes financing round for greenhouse gas solutions support
Carbonetwork, a pioneer in enterprise greenhouse gas emissions management software and services, reports first close of its $5 million Series A round of financing. The funding was provided by NGEN II, L.P., part of the NGEN Partners group of "cleantech" venture funds.
Carbonetworks supports more than 180 organizations in 23 countries to create and manage greenhouse gas emissions strategies in energy, financial, materials, and manufacturing industries, among others. The increased capital will allow Carbonetworks to significantly expand its operations.
“We have a particularly aggressive growth plan in a nascent and rapidly growing market," says Michael Meehan, president & CEO, Carbonetworks.. "A major part of this plan includes investing in response to the growing market demand for carbon management services, and strengthening our ability to access and support customers."
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Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.