Eyeing an overseas expansion, U.K. smartphone app developer Cellcrypt has raised funds from Notion Capital, an investment firm set up by founders and senior executives from MessageLabs, which was sold to Symantec in 2008 for $695 million.
Under the agreement, Stephen Chandler, a founding partner of Notion Capital, will join the managing board of Cellcrypt (News - Alert). Chandler was working as CFO for MessageLabs.
Cellcrypt has not disclosed precisely how much amount of money it raised, nor did it specify what will be the role of Chandler at Cellcrypt.
London- based Cellcrypt, which has recently opened an office in United States, sells software to enterprises, government agencies as well as individuals who don’t like having their conversation taped by anyone. Its Cellcrypt Mobile product is a downloadable, and the phone-based application encrypts VoIP (voice over Internet Protocol) calls all the way from one handset to the other.
Cellcrypt’s end-to-end, real-time encryption for secure voice calls does not need specialized equipment or expensive new infrastructure. Their product, available for Windows Mobile and Nokia (News - Alert) phones, is now supporting Blackberries too.
“We are really excited to invest in Cellcrypt, which is a company with ground-breaking technology and a compelling proposition in a currently under-served market” said Stephen Chandler, partner at Notion Capital. “Traditionally, high security voice calling has only been available using specialized military-specification equipment, but Cellcrypt now makes this easily accessible to all with no impact on service performance.”
Notion Capital is an advisory business that invests in growth businesses in the IT sector, with a particular focus on Internet-based services with recurring revenue models.
Founded in 2005, Cellcrypt has much of its life developing the software to deliver high-quality voice calls with strong encryption. It seems that the hard work is now paying high dividends.
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Narayan Bhat is a contributing editor for TMCnet. To read more of Narayan’s articles, please visit his columnist page.
Edited by Michael Dinan