May 12, 2016 – etouches Event Management Software Closes $20 Million in Funding
Accelerating Market Leadership, Innovation and Regional Growth in the Enterprise Market
NORWALK, Conn., May 12, 2016– etouches, top provider in cloud event management software, today announced it has closed $20 million in growth funding from new and existing investors. The funding will help to accelerate the event platform’s global growth in the consolidating market and further boost the platform’s development in covering end-to-end event management solutions for the enterprise market.
“This investment, combined with our strong, rapid year-on-year growth, will further bolster our leadership position as we remain the only viable innovative driver of significant scale in our market,” said etouches’ Chief Executive Officer Oni Chukwu. “With our full-featured event management platform, we are confident that we will be providing current and future clients with award-wining enterprise products that will continue to reinvent the way that events are managed.”
etouches event management software serves corporations, associations, educational institutions and third party planners. The multi-module platform offers event tools for venue sourcing, registration, logistics, engagement, ROI, data and more, to give planners a complete solution for managing the entire event process. Most recently, the company acquired mobile event app TapCrowd and venue sourcing platform inevention, expanding their reach in the growing global market. Both products are already fully integrated into the etouches platform, with the software expanding to both hospitality and event management, creating an innovative product focused on delivering a strong user experience, productivity and ROI for planners and attendees.
“With on-going consolidation in the market, our opportunity to stand out as the most comprehensive, innovative, and differentiated enterprise platform has never been greater,” said Chukwu. “As a company, we are continuing to put significant investments towards our product, new innovations, and personnel to entrench our our leadership spot at the apex of our burgeoning global market.”
Over the last year, the company has expanded its business to new markets, including the Middle East and Singapore, and significantly strengthened its existing teams in the Europe and Asia Pacific regions. The company also completed 2 successful acquisitions in the same period. Currently, the company has 150 employees around the world and plans to grow to 200 globally by the end of 2017.
“With our year-over-year revenue growth exceeding 50% and our enterprise growth at 110%, we are poised for key growth with our focus on innovations like ROI, mobile, and hospitality offerings,” said Chukwu.
etouches is a global end-to-end event management software solution. The success oriented and cloud-based platform delivers innovative technology solutions to streamline the event process and increase ROI. Founded in 2008, etouches has assisted over 20,000 event professionals in planning, executing and measuring their events. With a focus on event sourcing, registration, marketing, logistics, engagement and data, the software solution has been able to serve more than 1,000 customers in corporations, associations, agencies and educational institutions. Headquartered in the United States in Norwalk, CT, the company has five additional global offices in the United Kingdom, Belgium, Australia, Dubai, and Singapore. Learn more about etouches at etouches.com.
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