NovaUCD accounting solutions company, Visor secures €1 million equity funding
Posted: 07 February 2007
Visor, the internet-based accounting solutions company, located in NovaUCD, has completed a €1 million equity investment round from Enterprise Ireland and private investors. The company is using the funds to launch accountsIQ, its low-cost, online accounting and management reporting platform for small and medium sized businesses, in the UK.
accountsIQ is designed for the growing Business Process Outsource (BPO) market, particularly for small and medium enterprises (SMEs), providing them with the type of business reporting and analysis previously only available to large companies. The system saves time and money by helping accountants collaborate with their clients anytime-anywhere via the internet. Business owners and managers do not need to interpret accounts as they get an online ‘digital dashboard’ with customised analysis of their monthly accounts, statistics and other key business drivers.
Tony Connolly, Managing Director, VISOR, at the launch of VISOR Financials on Demand at NovaUCD
“accountsIQ streamlines the monthly accounting process, eliminates time delays between accountants and their clients and provides real-time performance analysis to the business,” says Visor co-founder, Tony Connolly. “This ensures up-to-date results are available quickly, which helps businesses identify and act on opportunities and threats as they arise.”
Visor was established in early 2004 by ex-Farrell Grant Sparks Partner Tony Connolly and internet entrepreneur Eddie Murphy to bring ‘big company’ accounting and business analysis solutions to the SME community. For more information visit www.visor.ie
NovaUCD is University College Dublin’s €11 million Innovation and Technology Transfer Centre. NovaUCD is responsible for the commercialisation of intellectual property arising from UCD research and for the development of co-operation with industry and business. NovaUCD as a purpose-built centre also nurtures new technology and knowledge-intensive enterprises. NovaUCD has over 40 incubation units, including bio-incubation units, and provides innovators and entrepreneurs with the necessary support and knowledge to take their ideas from proof of principle to commercial success. Twenty-one knowledge-intensive companies are currently located in NovaUCD. NovaUCD has been funded through a unique public-private partnership that includes AIB Bank, Arthur Cox, Deloitte, Enterprise Ireland, Ericsson, Goodbody Stockbrokers, UCD and Xilinx. For more information visit www.ucd.ie/nova