Business
Crossword creates Cyber Security Spin Out
Crossword creates Cyber Security Spin Out.
About this update from Celtic Plc
[{"type":"text","content":"\n \n\nPRESS RELEASE\n\nCROSSWORD CREATES SMART CITIES CYBER SECURITY SPIN OUT COMPANY WITH COVENTRY UNIVERSITY\n\nCrossword Cybersecurity Plc (ISDX: CCS, \"Crossword\") and Coventry University have created a new spin out\nventure, CyberOwl Ltd, to commercialise leading edge cyber security research into target centric network\nmonitoring aimed at the rapidly growing Smart Cities arena.\n\nThe academic founder of CyberOwl, Dr Siraj Shaikh, Reader in Cyber Security at Coventry University, and his\nteam has conducted extensive research in the area of threat attribution and monitoring using advanced\nBayesian analytics. This research is directly applicable to cyber security in Smart Cities and\nthe Internet of Things. Coventry University has assigned the intellectual property and Mercia Fund\nManagement has provided seed funding to CyberOwl Ltd.\n\nTom Ilube, Crossword's CEO said \"We are delighted to be working with Coventry University and Mercia Fund\nManagement on CyberOwl. Target centric network monitoring addresses emerging cyber security challenges in\nthe projected USD 400Bn Smart Cities sector and CyberOwl will take this breakthrough research to market\".\n\n\"It is vital that leading edge British cyber security research has real world impact\" commented Dr Shaikh,\nReader in Cyber Security at Coventry University and Director of CyberOwl. \"Our new venture with Crossword\nwill help ensure that future Smart Cities can take advantage of major advances in the very large scale\nnetwork monitoring approaches that we have pioneered at Coventry University.\"\n\nThe Directors accept responsibility for this statement.\n\nFOR FURTHER INFORMATION PLEASE CONTACT:\n\nTom Ilube - CEO, Crossword Cybersecurity Plc\nwww.crosswordcybersecurity.com\nTel: +44 (0)208 973 2350\nEmail: [email protected]\nTwitter: @crosswordcyber\n\nDr Siraj Ahmed Shaikh, Coventry University\nhttp://www.coventry.ac.uk/\nEmail: [email protected]\nTwitter: @CovUniResearch\n\nISDX Corporate Advisor\nNick Michaels and Jon Isaacs, Alfred Henry Corporate Finance Limited\nwww.alfredhenry.com\nTel: +44 207 251 3762\n\nAbout Crossword Cybersecurity\n\nCrossword Cybersecurity is a technology commercialisation company focusing exclusively on the cyber\nsecurity sector. Crossword works with research intensive European university partners to identify promisi...