Armour Comms, a provider of specialist, secure communications solutions, has successfully closed its first round of outside investment of £2million from external investors, BOOST&Co.
The new investment comes after a successful year, 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.
“Armour Communications is a fantastic example of a small business that has carved out a space for itself in the secure technology sector and is competing with established brands,” says Kim Martin, the BOOST&Co principal who led the deal.
“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 added: “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% in 2019, Armour signed up several significant new partners.
During the year, Armour collaborated on a next generation high grade encryption and remote access solution, that is in use with the Australian government.