PAYFONT, the cybersecurity firm who recently had a round of fundraising which saw them valued at £20 million, have made their first major management appointment.
Michael Merriman is joining Payfont from British Telecom as “Head of Programme Delivery and Culture”. Merriman comes to Payfont with a substantial track record of delivering complex transformations for large-scale customers and a reputation for building and motivating high performing teams. He is regarded as a pivotal hire for the Company.
Payfont Chief Executive David Lanc said:
“Mike brings vast experience and the right drive to help us deliver our state of the art security solutions over the coming months. This key hire is great for us and will help optimise the returns from our successful investment round and UK innovation award.”
Payfont’s prototype design for the prevention of identity theft and online fraud was recently validated by the University of Greenwich as 99.9975% more secure than anything else available and is generally accepted as ground- breaking for this type of system.
Payfont has engaged a global head-hunter to help hire a chief technology officer to lead its software development, and is in the process of locating new headquarters to house its software development capability with further announcements in the New Year.
David Lanc concluded:
“We are now in a position to build our business and product we are looking to recruit new talent to join us on our journey; the time is right for our product and we are ready to make things happen.”