Hilco has been appointed by the Administrator Donald McNaught to work in conjunction with Johnston Carmichael to actively seek interested parties with regards to the opportunity to acquire the tangible and intangible assets of Payfont Limited in Administration.

Sale Details

Background

Payfont Limited is a ground breaking technology business, with disruptive cyber security and identity protection software which develops solutions to combat identity data theft. Current approaches to information security tend to focus on individual layers by introducing new procedures and processes. Payfont’s technology adopts a new approach based on the strengths of cloud computing, the aim being to drive down the cost of storage and increase the number of possible repositories for data.

Payfont Limited

Payfont Limited is UK based data privacy and identity protection firm with the intention of tackling the growing security problems arising throughout the modern world where continued growth of the digital economy provides a platform for exploitation. Therefore, Payfont’s technology is crucial in industries such as: payments, banking/insurance, healthcare, retail, government and utilities.  

Products

ADeCA

Cloud security solution protecting through fragmenting data of any type into completely anonymous, context free fragments. Going on to store them across unrelated cloud and other storage to prevent original data compromise. A hacker will not be able to make sense of the content.

USPs of ADeCA –

·        Cloud tier cost alignment

·        Flexible

·        Tailored performance latency & resilience

·        Risk policy alignment

·        Dynamic, keyless fragments

·        Geolocation compliant

IOMI (I Own My Identity)

An identity management system that delivers a useable, future-proof and secure way for individuals to control and personalise their online identity based on choice and behaviour. Identity options are contextualised to specific user applications to give the system the required personal element. Thus, flexible and usable for authentic employees to multiple public online services simultaneously. Complete control of authentication options managed from a unified system maintaining personal choice.

Available Assets

Software Assets

The software solutions, with their related IP and know how;

Brand Related Assets

Some of the brand related assets are protected by registered trademarks: word mark range for Payfront, The Art of Simple…The Science of Sale and SKRILL, the chosen name for a consumer-facing combined implementation of the company’s two core technologies.

Website/domain name

Available for use by the buyer

Tangible Assets

Including vast office equipment and high end IT/server equipment.

Diligence and Sale Process

Hilco is currently soliciting interest in the assets from qualified buyers working in conjunction with Johnston Carmichael. Further information is available on request.

Should you, or your client wish to register an interest please contact Hilco.