PwC is pleased to announce the successful completion of a minority investment in Beyond Encryption by Westcoast Group, the largest UK distributor for leading IT brands such as Microsoft, Apple, HP/HPE and Lenovo, amongst others.
Beyond Encryption, headquartered in Fareham, provides market leading secure email communication and ID verification solutions, including their flagship ‘Mailock’ product.
‘Mailock’ will be made available to Westcoast’s extensive distribution network to complement their existing offerings.
The solution secures sensitive email content as well as ensuring the communication only ever reaches the intended recipient - misdirected email is the largest area of data incidents, according to the Information Commissioners Office (ICO) most recent reports.
Aegon and Royal London are amongst the global brands that have already implemented the technology to safeguard data, not only for their distribution but also for their customers.
The investment will support Beyond Encryption’s further ambitious growth strategy given that the product is already being used in other sectors such as legal, accountancy, health, education and recruitment.
Paul Holland, CEO and founder of Beyond Encryption said:
“Westcoast extends our reach and, crucially, they share our values and culture, recognising technical excellence and the importance of our people.
2021 will see our technology reach millions of UK consumers so we are grateful to PwC for their support in helping us with our growth plans.
Beyond Encryption’s technology is helping its customers enhance and secure their services whilst also deriving huge economic and environmental savings. ‘Digital Recorded Delivery®’ is the modern age equivalent of the traditional postal service but with added security, speed, convenience, efficiency, and of course a robust audit trail of delivery”
PwC have worked with Beyond Encryption over the last 6 months to help them consider their strategic options and prepare for, and execute, this transaction. The team was led by Tim Armstrong and supported by Andrew Keenan.
Westcoast Limited was founded in 1984 and is a leading IT distributor with a product portfolio spanning the whole computing spectrum ranging from desktop PC and notebook products through to software, cloud solutions, high end server solutions, network products, printers, peripherals, spare parts and consumables. The group sells to resellers, retailers and dealers in the UK and Ireland providing creative credit, marketing and logistics services to more than 5,000 customers. More information on Westcoast can be found at www.westcoast.co.uk
About Beyond Encryption
Founded by Paul Holland in 2016, Beyond Encryption provides email and communication security systems to a range of sectors including financial services, accountancy, legal, education, shipping and security services. Clients include Aegon, Royal London, and Origo. www.beyondencryption.com
“We are pleased to have advised the shareholders of Beyond Encryption on this key milestone in the journey of an exciting business. The team have developed a fantastic suite of products, building on their deep expertise and experience. The partnership with Westcoast will facilitate an opportunity to further expand organically. We wish Beyond Encryption and Westcoast every success for the future.”