GBMS Tech has always worked towards a combined model of Insurance and Technology, working together to protect business’ and have access to the business decision makers via the compliance route of insurance; as such we are extremely pleased to announce a ‘go to market’ model with Volante Insurance (www.volanteglobal.com), the launch date is expected to be early June and will reach out to all our existing policy holders as part of the new business model. Cyber Risk deduced from FICO (www.fico.com). Prevention provided by GBMS Tech and Insurance provided by Volante – offering a 50% discount on policies when GBMS Tech provide the protection. Not only does this underline the credibility of the technology but it also provides huge growth opportunities.
Volante is backed by Nephila Capital, the principal provider of equity capital to the business. Volante’s management team have also invested alongside Nephila to ensure optimal alignment of interests. Nephila is the world’s largest insurance-linked securities and reinsurance-linked investments manager. The firm is led by Frank Majors and Greg Hagood, with leading global investment firms KKR & Co and Man Group PLC as minority shareholders.
GBMS Tech has developed a proven system that is like immunisation for a computer, able to stop infections from happening without any need to recognise the threat, having already achieved sales of 2.1 million, with another £10 million in the pipeline. It plans to achieve profitability by 2020 and deliver a mid-case target return of up to 20x for EIS investors, not guaranteed.
GBMS Tech is still open to experienced investors for the next allotment, however, there is only 1.5 million capacity left, so it could close soon.
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Bure Valley Group Management Team