Crossword Cybersecurity PLC University of Glasgow Collaboration (9099P)
February 23 2021 - 1:00AM
UK Regulatory
TIDMCCS
RNS Number : 9099P
Crossword Cybersecurity PLC
23 February 2021
Crossword Cybersecurity Plc
Crossword to work with University of Glasgow on Privacy
Governance Software Product
23 February 2021 - London, UK - Crossword Cybersecurity Plc
(AIM:CCS, "Crossword", the "Company" or the "Group"), the
technology commercialisation company focused on cyber security and
risk management, is pleased to announce that it has reached
agreement with the University of Glasgow to support its PRC
(Privacy Risk and Compliance) Project, in creating a new software
product aimed at Privacy Governance. Crossword will help to design,
market test and build the software product. Ultimately this product
will be owned by a newly formed separate University of Glasgow
spin-off business.
Under the agreement, Crossword will provide a team of product
managers, designers and developers who will act under the direction
of the University of Glasgow's academic champion. Crossword will
use its large customer base and its in-house team of Privacy &
GDPR Consultants to market test the product. Following a rigorous
tendering process, the contract was awarded to Crossword for
delivery during 2021.
Crossword previously worked with the University of Glasgow team
in the InnovateUK CyberASAP programme for cyber security academic
start-ups. This collaboration very much stems from that work in
2019.
Jake Holloway, Chief Product Officer of Crossword, commented; "
Crossword Cybersecurity is delighted to be working with the
University of Glasgow to help commercialise this exciting research.
It's particularly satisfying to help a team we know from our work
on CyberASAP take further steps along the road to commercial
success."
Inah Omoronyia, PRC Academic Champion of the University of
Glasgow, commented; "I'm pleased to be partnering with Crossword
Cybersecurity to explore the possibility of commercialising my
research. I look forward to working with the Crossword team on the
development and market testing of a new product."
Contacts
Crossword Cybersecurity plc - Tel: +44 (0) 20 3953 8460
Email: info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Chief Financial Officer
Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383
5100
Colin Aaronson / Jamie Barklem / Lukas Girzadas
Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
For media enquiries contact:
Duncan Gurney, GingerPR
duncan@gingerpr.co.uk - Tel: +44 (0)1932 485 300
About Crossword Cybersecurity plc
Crossword Cybersecurity plc focuses on the development and
commercialisation of university research-based cyber security and
risk management related software and cyber security consulting. The
Group's specialist cyber security product development and software
engineering teams work with its university partners to develop the
research concept into a fully-fledged commercial product that it
will then take to market. The Group's aim is to build up a
portfolio of revenue generating, intellectual property based, cyber
security products. Rizikon Assurance, Crossword's leading product,
is a SaaS platform that enables medium to large companies to assess
and manage all risks from their suppliers. Nixer CyberML,
Crossword's most recently launched product, is a new tool for
businesses that want to solve advanced security and cybercrime
problems, such as detecting and dealing with compromised accounts,
fraud, and in-application denial of service attacks. Crossword's
team of expert cyber security consultants leverages years of
experience in national security, defence and commercial cyber
intelligence and operations to provide bespoke advice tailored to
its clients' business needs.
About University of Glasgow
The University of Glasgow is the current Times Higher Education
(THE) University of the Year. The University of Glasgow is a major
research-led university. Founded in 1451, it is the fourth oldest
university in the English-speaking world, and one of Scotland's
four ancient universities.
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