Payfont, the Edinburgh-based cybersecurity specialist, has been valued at up to £180 million following a review by an intellectual property (IP) expert.
The figure was produced after the firm, headed by chief executive David Lanc – a former senior executive at Royal Bank of Scotland’s cards business – was audited by Martin Brassell, chief executive of Inngot, a company that specialises in valuing IP.
The figure Brassell placed on its IP was then used to form part of an overall calculation of the valuation of the firm which Payfont said was between £106.7m and £180.3m.
Brassell said: “Payfont’s IP is potentially highly disruptive and it also crosses a number of perceived boundaries in the cyber-security marketplace.” For the full article click here
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