|25 February 2016|
A Scottish cybersecurity start-up which partnered with university academics to create a world-first in online security has won the Innovation of the Year at the inaugural Scottish Knowledge Exchange Awards today.
Payfont and Edinburgh Napier University created a 100% secure cloud-based architecture which is already receiving international attention.
The technology, which is patent pending, fragments business and personal data and puts it out of context, even when it is at rest, rendering it meaningless to outsiders.
The judges noted the significant market opportunities and potential for this type of cyber security software highlighting the innovative approach of the product in a competitive, global market. They were also impressed by the amount of international interest in Payfont in particular from financial services and healthcare markets and that the company had created 14 jobs in a short space of time.
Interface director Siobhán Jordan, said: “We are thrilled at the success of the first Scottish Knowledge Exchange Awards – from the high number and calibre of entries to the diversity of innovative projects. The awards are proof that partnerships between business and organisations and academics right across Scotland are flourishing.”