Argentum Invests In etouches
Norwalk, CT – 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, The 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 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 leading market position by offering a one-stop shop for customers with comprehensive, innovative solutions on an integrated event management technology platform.
Etouches is a leading provider of event management software with more than 1,000 customers in 35 countries. Its cloud-based event management technology platform offers a powerful set of 15 integrated modules (registration, budgeting, surveying, mobile apps and more) that enables businesses of all sizes – from global enterprises to small companies – plan the entire lifecycle of events, increase attendance and measure success. Its solutions are offered in multi-lingual and multi-currency software. Founded in 2008 and headquartered in Norwalk, CT, etouches is a global event management software company with offices in the United Kingdom, Belgium, Australia and Dubai. Learn more at www.etouches.com
Argentum is a New York-based private equity firm which invests in rapidly growing businesses in the smaller end of 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 www.argentumgroup.com