Nov. 20, 2013: EnTouch Controls Raises $8.25 Million for Expansion
Company Will Expand Its Energy Management Service Offerings
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.
For more information, visit www.entouchcontrols.com.
Publication date: 11/18/2013