Fundraising Launched for Liverpool Science Park technology business WiFi Securities
- On April 16, 2020
- By Max Coyle
Isle of Man-based consultancy Sorcery has partnered with Norcliffe Capital in a bid to raise more than £8m to invest in a Liverpool Science Park technology business. The funds would be used to catalyse development of Wi-Fi Securities’ patented SpriteGuard product, which protects open access networks and prevents customers in hotels or coffee shops from falling prey to so-called evil twin attacks, where fake Wi-Fi hotspots are set up to steal people’s data. The company is already testing SpriteGuard at several hotels in London prior to a planned wider roll-out in 2020. Sorcery, which has a regional office at Stanley Grange in Knowsley, and Norcliffe Capital hope to raise £8.4m through the Enterprise Innovation Scheme (EIS) to enhance the testing process and bring the product to market more effectively. David Onions, co-founder of Sorcery, said: “Liverpool is recognised as a world leader in digital technology and the team at Wi-Fi Securities have worked strenuously to get SpriteGuard to the point where this innovative product can be brought to the market and help to protect people from the growing threat of cyber-crime.” Read the full article here: https://www.insidermedia.com/news/north-west/sorcery-and-norcliffe-partner-for-fundraising-efforts
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