This Just In
  • Reed Travel Exhibitions to merge the highly successful ibtm latin america and ibtm america to create ibtm americas.
  • The event debuts in Mexico City September 5-6, 2018.
  • Herve Sedky, President, Reed Exhibitions Americas says the move will bring bigger opportunities and richer experiences to exhibitors,
  • hosted buyers and visitors.
  • AC Business Media has acquired the conNextions trade show from the Door & Hardware Institute …
  • Corporate Solutions assisted in arranging, structuring and negotiation the transaction. … Terms of the deal were not disclosed.
  • MGM Resorts is adding 80,000 square feet of conference space at the Monte Carlo in Las Vegas and rebranding the Monte Carlo as the Park MGM.
  • The project includes an outdoor terrace and the 10-room executive meeting center.
  • The entire Park MGM is being tailored for smaller groups of up to 5,000 guests.

Equity Firm Acquires etouches, Developer of Event Software

Hil Anderson
, Senior Editor
May 15, 2017
Share On:

Norwalk, Conn. – The California private equity firm HGGC has acquired etouches, a Connecticut-based developer of software for event management and venue sourcing, it was announced on May 9.

JEGI represented HGGC in the transaction. The deal expands HGGC’s presence in the event management software (EMS) arena, which JEGI pegged at around $6 billion worldwide. It was also the seventh acquisition HGGC has made in marketing services platforms.

Steve Young, Co-Founder and Managing Director of HGGC, said the acquisition was made “without leverage,” and with an injection of cash to etouches’ balance sheet so that the company would not face any new headwinds. “etouches has become a premier provider of EMS solutions, more than doubling revenues since 2014,” he said. “We’re confident that the additional resources we can bring to bear will accelerate etouches’ already impressive growth.”

The etouches cloud-based platform provides end-to-end event management capabilities, including venue and hotel sourcing, registration, logistics, marketing and real-time data analytics. Its customer roster of around 1,300 includes major international corporations. The company has offices in Norwalk, CT, Australia, Europe and the United Arab Emirates.

Reach Oni Chukwu, CEO of etouches, at (203) 403-9470 or ochukwu@etouches.com; Steve Young at (650) 321-4910 or info@hggc.com

Share On: