EPS raises $30 Million in series B funding round
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Costa Mesa: EPS, an energy intelligence company that develops and implements analytic, efficiency and clean solutions for Fortune 500 companies, has announced the closing of its $30 million series B funding led by Altira Group, a Denver based private equity and venture firm specializing in funding efficient, sustainable energy companies and related investments. Previous investors NGEN Partners, and Robeco also participated in the round. "In this difficult economic environment, to say that fundraising is a challenge is an understatement. Successfully closing the round with a strong lead investor such as Altira, is a truly compelling result," said EPS CEO Jay Zoellner. "The carbon and capital constrained economy will require competitive companies to closely watch how they use energy and monetize their carbon emission reductions. Our xChange Point system provides the information, control and solutions necessary for companies to become energy intelligent." The company plans to use the investment capital to further expand xChange Point, an energy and carbon emissions management system, and to make strategic acquisitions. "Investors are closely scrutinizing even the most promising opportunities and EPS impressed us as being extremely well positioned to capitalize on the emerging energy intelligence business," said Jim Newell, Partner, Altira. "The company's strong management team and proven ability to deliver energy efficiency solutions in the industrial manufacturing sector make it a solid addition to our energy company portfolio. EPS has the real opportunity to define the energy intelligence market through its xChange Point offering."

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