B-Secur Sealed Top Investment Deal in NI in 2017

B-Secur CEO Alan Foreman and investors

Investment data platform Beauhurst has revealed that of the 22 deals recorded in Northern Ireland last year, the £3.5 million raised by B-Secur in July was the most significant.

Companies in Northern Ireland raised £18.2 million (€20.6 million) in capital last year, up 22 per cent on the prior year, according to new data.

The 22 deals mark the largest growth in UK deals proportionally since 2011.

B-Secur’s funding came courtesy of a syndicate of some of the UK and Ireland’s leading investors, including Accelerated Digital Ventures (ADV) and Kernel Capital.

B-Secur Investment

Speaking of the investment, B-Secur CEO Alan Foreman said:

“This announcement underscores the growing demand from organisations to provide better security to their customers in this digital world, amid an escalation in high-profile cyber attacks. I believe that our ECG authentication technology is crucial to supporting this global challenge.

“We are thrilled to gain the backing of ADV, Kernel and others. This will help us to grow significantly in the next 12 months and continue to invest in world-class science and engineering in the UK and beyond, and we are proud to have the opportunity to build a truly global business solving a serious problem that each of us faces every day”.

 

Read the original article on The Irish Times.