The additional funding underlines the strong commitment of our existing investors to support and enhance our leadership position in the industry.
NORWALK, Conn., (PRWEB) July 28, 2015
etouches, a global leader in enterprise event management software, today announced it has closed $14 million in Series C funding. The investment has participation from current investors, as well as a new strategic investor, Argentum Group. The funding will primarily be used to accelerate the company’s global growth and further boost the development of etouches’ award winning cloud-based tools.
“The additional funding underlines the strong commitment of our existing investors to support and enhance our leadership position in the industry,” said Oni Chukwu, chief executive officer of etouches. “Even more important, the fact that this funding was oversubscribed also positively underscores recognition and validation by the broader investor community of our fresh approach at market leadership, cutting edge technology and innovative products.”
As the global event technology industry continues its rapid ascent, organizations will recognize the need for a streamlined event process to create productivity gains, cost control and a better user experience for attendees and clients. With more than 1,000 customers worldwide and significant year-on-year growth of 75% on enterprise contracts, etouches continues to further its market position by providing a one-stop shop for customers with comprehensive, innovative solutions on an integrated event management technology platform.
etouches is a leader in cloud event management software. Founded in 2008, the event management technology company has more than 1000 customers in 35 countries. Covering every major function in the event planning lifecycle, the multi-lingual and multi-currency software has 15 modules for registration, budgeting, surveying, mobile apps and more. etouches is one of the most global event management software companies on the market with five international offices. Headquartered in the United States in Norwalk, CT, the company has offices in the United Kingdom, Belgium, Australia and Dubai. Learn more at http://www.etouches.com/.
About Argentum Group
Argentum invests in rapidly growing businesses in the middle-market. It provides capital to support buy-and-build strategies by businesses that can scale into much larger enterprises through a combination of organic growth and strategic acquisitions. Since raising its first fund in 1990, Argentum has invested in over 70 companies and supported over 175 add-on acquisitions by its portfolio companies. Argentum is a general partner of funds with over $300 million of capital; and is currently investing out of its third fund which had a final closing in March 2015. Learn more at http://www.argentumgroup.com/.