Brian Storms Joins APX As Chairman And CEO; Goldman Sachs Becomes Minority Investor

Santa Clara, CA -- APX, Inc., a global leader in market systems to create, track and transfer emission credits for the fast-growing environmental, energy and "cap-and-trade" markets, announced today that Brian M. Storms has joined APX as Chairman and Chief Executive Officer. Mr. Storms was most recently CEO of Marsh Inc., a leading global risk management and insurance brokerage firm. John Melby, who has been serving as CEO and President of APX on an interim basis, will continue as President. APX also announced the closing of a new round of funding in which Goldman, Sachs & Co. became a minority equity investor joining several previous leading venture capital and strategic investors, including Bechtel Enterprises Holdings, Kinetic Ventures, ONSET Ventures, Technology Partners and Woodside Fund. Link.