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ApplianSys receives funding boost
ApplianSys, which designs and builds server appliances, has received funding of £620,000 from a syndicate of investors. The company specialises in plug-and-play devices for computer networks that use both hardware and software.
The syndicate comprised the London Technology Fund, The Capital Fund and business angels. ApplianSys will use the proceeds to develop its products, with a focus on appliances. It also intends to increase its presence in a growing, fragmented market that mostly comprises niche specialists.
London-based ApplianSys generated a £587,800 turnover and a profit after tax of £11,000 for the year to December 2005.
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