RICHARDSON, Texas — EnTouch Controls, a leading provider of cloud-based energy management systems for restaurant and retail chains, announced it has raised a total of $8.25 million in Series B equity and debt financing. The company said the new funding will be used to expand its energy management service offerings, accelerate development of energy analytics and load curtailment tools, and add to its sales and support staff to serve its growing set of national chain restaurant and retail customers.

According to the U.S. Small Business Administration (SBA), energy is one of the largest and most poorly managed operating expenses in small commercial facilities, costing restaurants and retail stores a total of $20 billion per year. The SBA estimates that lowering energy costs by 10 percent is equivalent to increasing sales per square foot by $25 for retailers and $17 for restaurants, but most restaurant and retail chains lack the people, process, or tools to do this themselves.

EnTouch Controls solves this problem with a software-as-a-service (SaaS) automation system specifically designed for retrofit applications. The company announced its EnTouch 360°™ platform that integrates turnkey installation, management analytics, and issue ticketing and resolution tracking that detects HVAC maintenance issues, optimizes performance, and lowers energy costs for national chains, franchise owners, schools, and offices.

“We’re incredibly pleased with this round of funding as it validates the company’s business model and direction while allowing us to accelerate our investments into the analytics and tools that automate energy reduction and lower operating costs for our customers,” said Greg Fasullo, CEO of EnTouch Controls.

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Publication date: 11/18/2013

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