Mobile security start up Omlis secures $31m in contracts and grows to over 40 employees in first year.
Omlis, today announced the successful completion of the first Omlis Licensed implementations. Completely funded by private investors, the start-up is on its way to becoming the fastest growing mobile payment security company in a swiftly expanding mobile payment market. Currently tipped as one to watch for 2015, Omlis also confirmed over $31m in contracted revenues over the next 5 years, all secured in the first 12 months of trading.
Rapidly emerging global mobile payments solutions provider, Omlis, today announced the successful completion of the first Omlis Licensed implementations, and an exponential growth in identified partner and client opportunities in South America, and across Europe, Middle East and Africa. Currently tipped as one to watch for 2015, Omlis also confirmed over $31m in contracted revenues over the next 5 years, all secured in the first 12 months of trading. The company, founded in October 2012 in Newcastle Upon Tyne, has set the world of mobile payments alight with a unique mobile payments encryption solution, which presents businesses with the opportunity to deliver convenient and secure mobile payment transactions.
“It’s hard to believe that the company has expanded so quickly,” said Markus Milsted, Founder and CEO of Omlis. “Our CCO, John Stuart, previously shaped the commercial strategies for world-class organizations including S1 and Verifone securing orders in excess of $350million in competitive global markets. The Omlis team is growing and the talent is immense.”
Omlis has expanded from 2 to 43 full-time employees in Newcastle and London since February last year. Completely funded by private investors, the start-up is on its way to becoming the fastest growing mobile payment security company in a swiftly expanding mobile payment market. Such accelerated growth can be attributed to the growing global fraud issues attributed to the mass adoption of mobile payments by consumers driven by convenience, creating the increasingly mobile centric world we live in today.
By the end of 2013, there were 245 million mobile payment users and Juniper research forecasting growth to 450 million mobile payment users by 2017. The 2014 McAfee threat report showed that the number of mobile malware attacks grew by 167% across 2013. With growth in malicious and fraudulent mobile attacks evidently on the rise, Omlis presents an opportunity for the mobile payments ecosystem to deliver 100% fault-tolerant mobile payment security.
“The mobile payments market presents an immense opportunity for businesses to implement new ways to pay,” said Stuart Macdonald, MD of Omlis partner Seric Systems. “Omlis combats the failings present in current security encryption methods which are by comparison inherently vulnerable, as highlighted regularly in the media. The Omlis technology is the security solution of choice for any organisation that processes mobile transactions and takes their client privacy seriously.”
The company is consistently adding to its high calibre global partner network of reputable technology corporations. The first major contract signed in early 2014 was with Stratus Technologies Mexico, who process over 60% of all payment transactions in Mexico. Omlis further established their Latin American presence by securing a partnership with leading Chilean technology services provider ISN Technologies in July.
“With mobile payments expanding quickly across Latin America and Chile, it is imperative to implement a mobile payment security solution that can be easily deployed across territories and on all makes of mobile devices,” said Ruben Nanjari, General Manager of ISN. “This innovative modern security technology will be of great benefit to the marketplace and ensure that Chilean businesses and consumers experience full and uncompromised mobile transaction security.”
Omlis forged forward in the second half of 2014, forming relationships with leading technology distributors Orion SaS (Software & Services) and Vciso. Most recent milestones include a five-year distribution agreement with award-winning global IT infrastructure provider Seric Systems and recognition as 1 of only 3 global security software solutions available on the IBM marketplace to close out the year.
“We are proud to support the rapid expansion of Omlis mobile payment security,” said Simon Cairns, Director of Orion Software and Services. “They have recruited amazing talent within the tech sector and their growth reflects the strength of their proposition. The Omlis vision is ambitious yet on track with the market’s needs for enhanced security features to drive adoption of mobile payments. With the partnership growing, Orion and Omlis have already made great strides in helping financial institutions provide key differentiators in the market.”
The most recent partnership agreement with Stratus Global Technologies, a first in 9 years for Stratus, will see Omlis security deployed as the most secure mobile payment solution on a global basis alongside the Omlis partner network in 2015. The notion of Omlis being a gentle giant has firmly been laid to rest and their accelerated growth rate goes some way to confirming that this giant is rapidly powering forward and there is nothing gentle about its ambition.
Newcastle Upon Tyne,
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About Omlis – Omlis is a global mobile payment solutions provider bringing market proven, highly powerful, differentiated and most effective solutions to all mobile commerce security. Providing completely secure, unique and uncompromised technology with 100% fault-tolerant tracking of all payments in real-time for full transaction accountability.