EFT Control Systems was established in 1998. At the time of the Simple.ie Green BES Fund investment, EFT had been a small software company for 10 years. Although they had provided their software under white label to ESB Independent Energy, the company had little expertise or resources in sales and marketing and had not sold outside of Ireland. Since the investment, the company expanded its management team and sales team, developed UK distributors, and received investment from a very significant US investor. The company had a pilot installation in the New York Times building and had recently received a significant order from the US Department of Energy for its energy monitoring software. Early feedback indicated that this small company had technology far ahead of some of its competitor giants such as Honeywell, Schneider, and General Electric.