Energy software specialist, Wattics, is hoping that sales next year will break the €2 million mark after raising cash from a mix of private investors, the State and EU.

The Dublin-based company develops and sells software that allows businesses to track electricity consumption across all devices that they use throughout their organisation and identify where they can make savings.

The company has so far recruited clients in Ireland, Britain, Italy, Japan and elsewhere and is seeking to step up activities in its existing markets and enter new ones, mainly through establishing partnerships with players that are already on the ground.