Teneno, a IT networks company, has launched an equity crowdfunding campaign on Seedrs. The company is currently seeking £150,000 for growth and development of its products.
The company, which is based in London and has offices in New York and Hyderabad, offers technology that simplifies mid-sized for small and mid sized businesses, giving them the same capabilities that large enterprises enjoy for a fraction of the price. Teneno stated it allows SMEs to move away from outdated hardware solutions by banishing the need for those industrial cabinets found in most office spaces today. Instead, it replaces expensive hardware with agile software making it more simple, accessible, secure, cost effective and hassle free to create their own network.
Jean Salha, CEO of Teneno stated:
“Having worked in the IT industry for over 25 years it became clear to me that there wasn’t an easy way for SMEs to manage their own IT systems. There are many IT network solutions on the market, but Teneno stands out because of its enterprise level functionality – including security, accessibility – and incorporating easy of use for businesses without dedicated IT support.”
Teneno currently offers access to its service, starting at £2 a month per device. The company noted that no specialized IT skills are required and there’s no need for businesses to spend time or money setting up or managing their network. Full setup is said to take a matter of minutes and allows business owners to instantly create their own secure network. In regards to where the funds from its Seedrs campaign will go towards, the company added:
“Teneno has a lean cost structure. We have developed our own development center in Hyderabad India and trained up an experienced team to develop our SDN based solutions. Our development and operational burn rate is £10K a month*. Furthermore, to achieve our 2016 targets and run our marketing, social and PR campaigns we will require another £2,500 a month to acquire customers. The £150,000 will last us one year.”
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!