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UTILICASE Completed the Last $5 Million in $10 Million Funding Round from Clean Technology Investment Fund’s Cycle Capital Fund I
February 15th, 2011 1 comment
Based in Montreal, Canada, UTILICASE is a company which provides asset optimization and IT solutions for power utilities, announced on February 14, 2011, that it has completed the last $5 million tranche from a $10 million funding round from the Clean Technology Investment Fund’s Cycle Capital Fund I.
UTILICASE is a company which is leading the markets in asset optimization and IT solutions for power utilities. The company’s main product is the EPS-M Software, which primarily manages assets and is primarily aimed at power companies to help them manage their assets and resources. Some of the details of the EPS-M Software platform include systems to help power companies successfully overcome the challenges that power companies face on a day-to-day basis. The primary challenge that most power companies face is being able to generate power to their customers efficiently and as affordably as possible. This challenge has become an even bigger problem in today’s age with power being consumed by larger numbers of people than ever before and with the economic downturn affecting how people can pay for their utility bills.
What makes UTILICASE so attractive to investors is the fact that the company has an affective strategy and a creative management team that have designed a platform that has destined the company for immediate growth. The combination of the company’s team and the EPS-M Software platform has allowed UTILICASE to gain leverage in this fast growing industry.
According to Mr. Marc André Forget, President and CEO of UTILICASE, this last funding round began in the past six months and the proceeds from the financing is expected to accelerate the company’s marketing strategy of its flagship EPS-M Software platform worldwide and this in turn will help power companies efficiently manage and optimize their assets and resources.
Founder and Senior Partner of Cycle Capital Management, working together with the Clean Technology Investment Fund, Andrée Lise Méthot, the progress that UTILICASE has shown is truly a sing of leadership in the emerging asset optimization and management software sector. What gives UTILICASE the cutting edge in this fast growing market is that its platform is able to provide real-time solutions that power companies can use to manage valuable assets and resources. Ms. Méthot further added that with its unique platform, UTILICASE is actually killing two birds with one stone. On one hand, it is revolutionizing the asset management industry, and at the same time, it is also revolutionizing the way power companies can manage their assets, resources, and utilities.
Cycle Capital Management Fund (CCM) is a private investment fund that is managed by the Clean Technology Investment Fund. The investment fund primarily focuses on companies who are in the clean tech industries or companies which provide solutions for more efficient energy management. The fund primarily provides investments between $1.5 million to $7 million depending on the company it invests in. Some other companies in CCM’s portfolio include Enerkem, Prosep INC, Vaperma Gas Separation Solutions, Sixtron Advanced Materials, EcoCycle, Energate, and others.
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[…] This post was mentioned on Twitter by fundingproject, Michael T Brown. Michael T Brown said: UTILICASE Completed the Last $5 Million in $10 Million Funding Round from Clean Technology Investment Fund’s Cyc…