Accel Transmatic was originally established as Transmatic Systems (TSL) in the year 1986 by two entrepreneurs from Kerala, M R Narayanan and T Ravindran, with equity participation from Kerala State Industrial Development Corporation, and IDBI. The company was promoted to develop and manufacture professional electronic products and communication systems in the state of Kerala, India.
In 1991, TDICI , the venture capital arm of ICICI provided funding for expansion/diversification to manufacture High Speed Dot matrix printers in colaboration with OutPut Technology Corporation (OTC) of USA.
In 1994, the company had its IPO, the issue was oversubscribed and the company got listed in the Mumbai, Chennai, Cochin Stock Exchanges. Over the years the company developed a strong product portfolio and marketing infrastructure and established as a leading manufacturer and solution provider in the IT industry.
In 2002, the company wanted to diversify into software and technologies space by merging with other technology companies. It approached Accel, an established IT business group based in Chennai for a possible acquisition of the company. Accel acquired the shares held by one of the promoters of the company and the acquisition was completed by August 2003 and thus the company became an Accel group company. Accel's management decided to create a new diversified portfolio for Transmatic Systems by merging two of the group entities namely, Accel Software and Technologies and Accel IT Academy. It was also decided to acquire an embedded software development company based in Technopark, Thiruvananthapuram, namely Ushus Technologies (UTPL) into TSL through the merger process, since they were complimentary to the business of TSL. Accordingly a merged entity had been formed effective from 01-01-2004 by the name, Accel Transmatic (ATL). The legal completion of the merger was completed on 9th February, 2005.
The company currently operates through three business divisions namely, Systems and Services, Ushus Technologies and Accel Animation Studios. The product range of the division is a combination of custom built hardware and application software.
The products are in the Automation, Value Enhancement or CRM areas. Products like ATM Kiosk for SBI (also for other banks), Kiosk ATVM with cash acceptance & return, QMS for smaller CSCs, Cash Envelop Acceptance Machine (CEAM) for ICICI Bank, Enterprise Web-based QMS, Cash (Bundle) Acceptance Machine, Integration of Debit/ Credit Card use in Kiosks etc. are in various stages of development.
The company has its subsidiary companies in Tokyo, Japan and San Jose, California USA. A significant all India presence with offices in 10 strategic locations enables better market reach and customer service. Accel Academy Limited, an associate company is engaged in Career Development Programs in Networking, Embedded Systems and Animation Technologies.
Business Divisions
- Technologies Division (Ushus Technologies)
- Systems Division (Transmatic Systems)
- Training Division (Accel IT Academy)
Products & Services
Technologies Division (Ushus Technologies): Ushus Technologies is the software development wing of Accel Transmatic. It has two development centers and operates in specific verticals and horizontal technology domains.
Engineering Applications
- Embedded & Real Time Systems
- Multimedia Communication
- Networking
- Image Processing
- Process & Factory Automation
- Migration & Re-engineering
Systems Division (Transmatic Systems): Transmatic Systems is a product development company developing products for utilities, Banking & Financial and e-governance sectors.
The products include the following:
- Electronic Cheque Drop Machines
- Automated Payment Collection Machines for Cheque, Cash & Credit Cards
- Payment Collection and Point of Sale Terminals
- Multi Function Kiosks
- Queue Management Systems
The division also undertakes contract design and manufacturing of electronics hardware products and systems.
Accel Animation Studios: Accel Animation Studios specializes in 3D animation content development and visual effects and in a short span of barely a year, this studio has got acceptance from industry experts for its quality delivery and processes. In this brief period, Accel Animation Studio has garnered several prestigious projects even going to the extent of being nominated for the best animated short film category for the FICCI-BAF awards (a film on the Thirukural).
Accel Animation Studio is equipped with state of art facilities in Chennai and has a talented pool of young and well experienced professionals with a perfect blend of creativity and technology. The studio is presently engaged in several projects for the world market.
Accel Animation Studio has three primary business models for a low risk, high return and high employment generating business in the Indian environment.
Outsourced services: Development of animation content for international production houses. This service basket would also include post production services. Develop IPRs and animation content on its own and market the same globally with distribution houses such as Long Tale. Co-produce animated movies and features with companies such as Kahani World.
With a vision to become India’s No.1 Animation Studio in the next three years, Accel Animation has chalked out plans to expand its operations by creating world class facilities in Special Economic Zones (SEZs) in Kerala, India.
Partners
Accel has different technology partnerships with the following global players.
- Oracle - Direct SI and Solution Vendor
- Microsoft - Solution provider
- IBM - Systems Integrator
- SUN Microsystems - Sun developer forum member Partnership for Java based Business Applications
Milestones:
- 1986 - Incorporation of Transmatic Systems (TSL)
- 1991 - TDICI provides funding to the company for expansion purpose
- 1994 - The company comes out with an IPO
- 2003 - The company becomes Accel group company
- 2004 - Formation of Accel Transmatic through a strategic merger of Transmatic Systems, Accel Software & Technologies and Ushus Technologies