About Necho System
Necho System is a Travel & Hospitality company based in Toronto (Canada) founded in 1995, and was acquired by Cyber Shift Technologies in November 2005. Employee business expenses are automated and managed by Necho System. It operates in the Travel & Hospitality and Technology sectors. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay.
Company details
Necho provides expense management solutions to automate the processing and facilitate the management of employee business expenses. It provides valuable spend management data for vendor negotiations, preferred rates, spend analysis and other business intelligence. Enables management to implement, communicate, and enforce compliance of employee expense policies. Captures opportunistic savings such as VAT recoveries, timely and accurate re-billings, corporate card rebates and amounts recouped for income tax recovery. Necho was acquired by Cybershift Inc. in November 2005.
- Headquarters Toronto, Canada
- Stage Acquired
- SectorsTravel & HospitalityTechnology
- Website necho.com
- Social LinkedIn
- Acquired by Cyber Shift Technologies (Nov 2005)
- Latest Funding Round$2.5M (USD), Debt – Venture
Dec 2000
- InvestorsGATX
& 2 more
- Acquired byCyber Shift Technologies
(Nov 2005)
Funding Insights of Necho System
- Total Rounds 1
- Last Round Debt – Venture — $2.5M
- First Round $2.5M
(Dec 2000)
- Investors Count 2
All 1 funding rounds of Necho System with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2000 | $2.5M | Debt – Venture | – | – |
3 investors in total: 3 institutional.
Investors in Necho System
Necho System has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include GATX, Cyber Shift and MM Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| mmvp.com | ||||
Railcar leasing services are provided to rail industry clients worldwide. | 1898 | gatx.com | Chicago, United States | |
IT support, consulting, cloud services, and disaster recovery are offered. | 1996 | cybershifttech.com | North Canton, United States |
Investor details for Necho System
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Necho System
3 dated milestones of Necho System across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Necho System is founded.
- Funding First funding round of $2.5M.
- Exit Acquired by Cyber Shift Technologies.
Web traffic of Necho System
Websites that share an audience with Necho System (necho.com).
Websites whose visitors overlap most with Necho System. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cititech.com | cititech.com | 100% | – | ||
cioview.com | cioview.com | 100% | – | ||
questsystech.com | questsystech.com | 100% | – | ||
appiancorp.com | appiancorp.com | 100% | – | ||
lansunlimited.com | lansunlimited.com | 100% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for Necho System
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 22 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Necho System
Necho System was founded in 1995 and raised its 1st funding round 5 years after it was founded.
Necho System is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Necho provides expense management solutions to automate the processing and facilitate the management of employee business expenses. It provides valuable spend management data for vendor negotiations, preferred rates, spend analysis and other business intelligence. Enables management to implement, communicate, and enforce compliance of employee expense policies. Captures opportunistic savings such as VAT recoveries, timely and accurate re-billings, corporate card rebates and amounts recouped for income tax recovery. Necho was acquired by Cybershift Inc. in November 2005.
Necho System has 3 investors. Key investors include GATX, Cyber Shift, and MM Venture Partners.
Yes. Necho System was acquired by Cyber Shift Technologies in November 2005.