Accendo Technologies

company

About

Accendo Technologies is a software company providing simple maintenance solutions for the SME market.

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Details

Last Funding Type
Angel
Last Funding Money Raised
$1.56M
Industries
Software
Founded date
Jan 1, 2002
Number Of Employee
1 - 10
Operating Status
Active

Accendo Technologies was started by Shaun Rampersad in 2003 and was mainly geared toward simple maintenance solutions for the SME Market.

Since then, Accendo Technologies has grown to include many open source products in its offerings.

Being a start up company with a small budget, Accendo took comfort in knowing that all of our business requirements could be met with Open Source Software. Accnedo's first office server was based on a 486-DX4 100Mhz with 32MB Ram and a 500MB Hard disk. Some critics may say that this old PC was way past its retirement date, but this provided a challenge to see just how much can one get out of this system.

Accendo managed to install the PC with Debian Linux which took up approximately 200MB of disk space. The Server was then configured as a personal web server, dial-up server, mail server, file server, firewall, Database, and other smaller applications. It definately wasn't the fastest system around, but it served Accendo's purposes.

This simple example led the way to providing such services to clients, by introducing Open Source Software, and showing them the benefits and increase in productivity, not to mention the lower operating costs that they would incur

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$1.56M
Accendo Technologies has raised a total of $1.56M in funding over 2 rounds. Their latest funding was raised on Jan 25, 2005 from a Angel round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 25, 2005 Angel $1.56M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Accendo Technologies is funded by 1 investors. Shannon Development Company are the most recent investors.
Investor Name Lead Investor Funding Round
Shannon Development Company Angel