We are pleased to inform you that we have just completed a €3.5 million funding round which will see us through to successful commercialisation.

Data Electronics Group (DEG), the Data Centre and IT Managed Services provider, led the round with support from existing investors Enterprise Equity, AIB Seed Capital Fund and software industry veteran Gerry McKeown. 

The funding will facilitate accountsIQ’s continued market expansion and product development plans.

As part of its investment, DEG is providing a Service Continuity Guarantee to users of accountsIQ, effectively underwriting the delivery of the service in the unlikely event that the business fails for any reason.

This we believe is a unique safeguard in the cloud computing arena. We are obviously delighted to have secured funding, particularly from DEG, an industry player with a well proven track record in delivering world-class hosted IT solutions to international customers like Adobe.

As a managed services company with over 20 years experience, DEG recognise the very rapid trend towards delivering secure solutions over the Internet.  This trend will mean increasing numbers of businesses moving their services into the Cloud, facilitating the delivery of real time services such as accounting.

We are very proud of the accountsIQ product which represents over 40 man-years of product development to date.  It was launched commercially in late 2007 and already has over 1,000 live users in Ireland, UK, Australia, USA, India and Portugal.  You have contributed to that success by using our product and we would like to thank you for that.