To continue our expansion into growth markets around the world, we’re pleased to announce today a $17 million infusion of investment capital from new investors Sigma Partners, Flybridge Capital Partners and Intel Capital, in addition to existing investors Target Partners and TechOperators. Our plan? To use it to expand development and sales support on a global scale to address the widespread need for enterprises around the world to better measure and manage energy usage.
More specifically, this investment will allow us to accelerate the introduction of our JouleX Energy Manager family of products into regions around the world where optimizing energy usage and driving energy efficiency are mission-critical for conducting business.
In a previous post, “VC Investments in Energy Efficiency Snagging Fair Share of Greentech Funding,” JouleX’s CEO Tom Noonan talked about funding being available from a variety of sources for companies with good ideas and experienced management teams, that are capital efficient with attractive customer ROI models, and can demonstrate the ability to grow and generate a profit. That’s JouleX to a “T.”
We certainly appreciate our investors’ support and confidence in our company and, more importantly, in helping us to continue to the lead the way in enterprise energy management. We look forward to expanding the adoption of the JEM products and growing our customer and partner bases.
Thank you for taking the time to visit the JouleX IT Blog. We hope you'll join us on Facebook or Twitter and subscribe to our RSS Feed! We look forward to joining you in the Green IT conversation!