Member Article

Ribchester’s Secure IA receives £500k equity funding

Secure Information Assurance Holdings Limited, which trades as Secure IA, has received a £500k venture capital investment from The North West Fund for Digital & Creative.

Based near Ribchester, Lancashire, Secure IA provides cyber and information security solutions.

The Company has long term relationships with a number of UK government departments including HMRC and the Ministry of Defence providing secure remote access over the internet to data storage and collaborative working environments.

CEO Martin Knapp commented: “We are delighted to receive the investment from The North West Fund for Digital & Creative which is an endorsement of the growth we have achieved so far, with profits doubling in each of the last two years.

“As a fast growth company, it is critical to our success that we continuously develop our capabilities and invest in solutions and people.

“We look forward to working with The North West Fund to shape the future of the cyber security market and continue to deliver innovative solutions for our customers.”

Investment manager, AXM Venture Capital, which manages The North West Fund for Digital & Creative, Rupert Wingate-Saul, said: “We are pleased to welcome Secure IA to The Fund’s portfolio, demonstrating our ability to support not only early stage ventures, but also much more established companies.

“Cyber security is a major concern for both public and private sector organisations and the company combines deep expertise with an impressive track record for delivery to high-profile clients.

“Secure IA’s management team are immensely capable and we are confident will deliver further strong growth and job creation.”

This was posted in Bdaily's Members' News section by Sophia Taha .