E-Synergy Limited lead an investment
in KeCrypt Limited
July 2003
E-Synergy Limited has completed an investment of £250,000
in KeCrypt Limited, a developer of security software for
mobile computing. E-Synergy Business Angel Investors and
E-Synergy Early Growth Fund invested alongside management.
The business benefits of mobile access to electronic data
are immense and are currently attracting an increasing level
of attention. However one of the main reasons that enterprises
are not prepared to implement mobile projects at the moment
is security. The KeCrypt solution gives users easy and secure
mobile access to their data whilst leaving the IT function
in full control of user security and access. The solution
deals with both the secure communication of data and the
security of the data once it is on a mobile device and includes
two patented technologies. Key aspects of the solution are
the 'end to end encryption' of the communications link at
an application level and a biometric signature for authentication.
Andrew Stevenson, Chairman of E-Synergy, said "We are
pleased to have completed this investment within four months
of attendance by the KeCrypt management on our Investment
Readiness Programme. The KeCrypt team are highly professional
and realistic managers who also have a deep technical knowledge
of their sector. KeCrypt stands out from many mobile computing
companies as having a high potential for success in a competitive
market arena."
Interregnum plc, who have advised KeCrypt over the past year,
took the opportunity to invest alongside E-Synergy.
Ken Olisa, Chief Executive of Interregnum, said "We're
delighted to be investing in KeCrypt at this crucial stage
of its development. Having worked with KeCrypt for over a
year, we feel that it has a great opportunity to be a significant
player in the field of mobile computing security."
Commenting on the investment, John Dale, Managing Director
of KeCrypt, said "We are delighted to be working with
both E-Synergy and Interregnum as they have not only made
an investment but have both helped with the strategy for
KeCrypt and are keen to work with us to develop and sell
the solution. We believe here at KeCrypt we have a solution
which solves the security issues faced by most enterprises
wishing to deploy mobile computing devices. This has already
been reflected by some early sales successes."
About KeCrypt Limited
KeCrypt are a private company based in Stevenage, Hertfordshire
who develop security software for mobile computing devices
such as Personal Digital Assistants (PDAs). The technology
for the KeCrypt solution was originally developed by Marconi
and transferred to KeCrypt in 2002.
The KeCrypt solution focuses on giving users easy and secure
mobile access to their data whilst leaving the IT function
in full control of user security and access. The solution
deals with both the secure communication of data and the
security of the data once it is on a mobile device and includes
two patented technologies. Key aspects of the solution are
the 'end to end encryption' of the communications link at
an application level and a biometric signature for authentication.
KeCrypt recently won the SciTech 2003 award for new technology
companies and the solution has been successfully deployed
in a range of environments.
For more information about KeCrypt, please contact Mike Bowman
on 01438 791026 or mike.bowman@kecrypt.com.
About E-Synergy
E-Synergy Ltd is an investor in early stage technology companies
in the UK. E-Synergy provides a blend of experienced management
support and private equity finance from its consortium of
technology business angels, most of whom have ran successful
technology companies. E-Synergy also manages a £2m
early stage investment fund provided by the SBS (an executive
agency of the DTI) and an Investment Readiness Programme
for new technology companies, supported by the SBS.
For more information about E-Synergy, please contact Andrew
Stevenson on 020 7583 3503 or a.stevenson@e-synergy.com or
visit www.e-synergy.com.
About Interregnum
Interregnum plc is an information technology investment and
advisory company. Founded in 1992 by Ken Olisa, Interregnum
is headquartered in London, employs 15 people, and works
with large and small technology companies, entrepreneurs,
and other investors to transform technology into wealth.
Interregnum provides both the intellectual and financial
capital, which technology companies need at each stage of
their life cycle, from conception through to exit. 200 man-years
of experience in the technology and corporate finance sectors
are embodied in proprietary methodologies such as the Four
Pillars of Value© to support offerings in research,
market assessment, valuation, commercial due diligence, acquisition,
venture capital, corporate venturing, and recovery.
Interregnum is quoted on the London Stock Exchange's Alternative
Investment Market (symbol: ITR), and is regulated by the
Financial Services Authority.
For more information about Interregnum, please contact Rupert
Cook on 020 7494 3080 or rupert.cook@interregnum.com
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