It undertook with accent on the o is the past perfect of the verb to undertake. This verb means when a person starts a new stage in the interests of achieving a new objective. Word of fashion in Spain by the crisis where it seems that entrepreneurship of companies and startups is the universal panacea to combat unemployment.
away is incorrectly written, and should be written as "undertook" being its meaning:
3rd person singular of the past perfect simple ( indefinite ) indicative of the verb to undertake what you begin, undertake, address or start an activity, project, or business even if there are difficulties. Derived from the latin: in-: directional prefix and turn prendis prendere: catch, grab, take, capture, reach.