Press Release
Synergis invests $3.1 m (£1.6m)
into Cell Encryption Technology
January 2007
Synergis Technologies has committed to invest 3.1m USD (1.6m GBP) in Cellcrypt, a company focused on secure voice encryption software for mobile phones and other mobile devices.
Cellcrypt is a privately held company based in London with offices in California.
The company was established in 2005 and it's backed by a strong technology
advisory board comprising of world class IT and security experts.
The core business of Cellcrypt is to provide voice, VoIP, and mobile
security products to enterprise users. The growth of user mobility and need
for greater privacy is driving sweeping changes in the way we communicate,
creating opportunities for innovative technologies.
The Cellcrypt solution is a software suite aimed at those who need to
speak across different networks and domains while having a comprehensive
end-to-end encryption - for the purpose of security and privacy.
”We are extremely excited about this investment, as the mobile phone industry expands at a rate of about 21% a year,” stated Shimi Shah, CEO, Synergis Technologies. “As a result, more business is conducted on mobile phones and therefore security and privacy becomes one of the primary concerns.”
Rodolfo Rosini, a director of Cellcrypt, commented on the investment “there
are currently a lot of solutions to protect data on networks and pcs, but
if you look at voice security and mobile devices the offering is still
at an early stages. Our software can be installed on most cellphones
and secures any call instantly.
We see great opportunities and challenges ahead of us and are very excited
about working alongside Shimi and her team on this venture”
According to LogicaCMG’s world-wide report, 40% of consumers expressed
concern with Mobile fraud and 50% of consumers were concerned with privacy
issues.
Andy Brown, mobile devices specialist at IDC, a leading global
IT market intelligence company, predicts that cumulative sales of smartphones
will reach over 1 billion units by 2011. Cellcrypt is already
a Symbian platinum partner, the leading smartphone OS vendor.
For further information on Synergis Technologies Ltd. and all other media
enquiries, please contact:
Shimi Shah, Interim CEO or Elizabeth Martens, PR Manager
Tel: +44 207 932 0727
Email: pr@synergistechnologies.com
www.synergistechnologies.com
For further information on Cellcrypt and all other media enquiries, please
contact:
Rodolfo Rosini
Tel: +44 207 558 8763
Email: cell@cellcrypt.com
www.cellcrypt.com
NOTES TO EDITORS
Synergis Technologies Ltd. has been established as a
vehicle to bridge the gap in seed and early stage technology investment.
The UK government invests substantial amounts in developing innovative
research and development emerging from universities and leading Public
Sector Research Establishments (PSRE's).
However, for most newly emerging technologies, the process of intellectual property (IP) commercialisation is challenging. Many aspects of the process are difficult and new, from setting strategy to obtaining secure funding. Synergis helps bridge this gap. By offering a plethora of services aimed exclusively at helping seed and early stage technology, Synergis is a one-stop shop for technology commercialisation, guiding and assisting through the rigorous stages of technology transfer and ensuring successful investment.
With its head offices in London, Synergis offers early stage and follow on funding for start-ups. With a dedicated team made up of former scientists, investment professionals, commercialisation directors and entrepreneurs, Synergis is able to understand the challenges and hurdles faced by start-ups. Acting initially as an advisor to Porton's Synergis Seed Fund (SSF), Synergis is also in the process of making investments on its own balance sheet.