Secure communications solutions outfit Armour has successfully closed its first round of outside investment of £2million from external investors, BOOST&Co.
The new investment comes at the end of Armour’s most successful year to date, with year-on-year revenue growth having more than doubled. Planned expansion in 2020 means the company are looking to hire up to 20 new people across the business. Several people have already been appointed, in product development and sales.
BOOST&Co principal Kim Martin said Armour was a “fantastic” example of a small business that has carved out space for itself in the secure technology sector and is competing with established brands.
“The business is recognised for the quality of its offer and the experience of a management team that are thought leaders within their industry.”
David Holman, Director at Armour Comms said: “Attracting external investors is testament to the amazing achievements of Armour Comms, and everyone that works with us. The investment from BOOST&Co will enable us to fast-track innovative new developments to our family of products and bring them to market. This additional investment also means that we can move ahead with our plans to recruit new people in a variety of positions across the Armour team and we are looking to significantly increase our market presence.”
As well as increasing revenue by 100 percent in 2019, Armour signed up several new partners. During the year, Armour collaborated on a next-generation high-grade encryption and remote access solution, that is in use by the Australian government.
In 2019 Armour extended its product range by launching SigNet by Armour, which provides secure voice, video, messaging, group chat, file attachments and MessageBurn (timed messages) with AES-256 bit encryption.
