My Global Safe secures new VC funding prior to launch

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Released on: 31, December 1969
, Author: Propeller Communications
, Audience: Internet related

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The funding from private investors Ian Powell and FrancisGoodwin, the former management team at outdoor advertisers Maiden plc, followed anew share issue. Powell and Goodwin s investment also sees Powell take over asChairman.

My Global Safe offers its unique software through subscription based services anddelivers a personalised electronic filing cabinet concept to make the back-up ofindividual documents and possessions easy. This guarantees straightforward access toany documents needed for an insurance claim, speeds up the processing of a claim,and strengthens customer loyalty and retention.

The service employs password protection and built in security features that includeVeriSign, SSL and military level encryption. The data is stored in a very secure andhigh availability environment so that wherever the user is total access isachievable at any time.

Nick Charles, Managing Director at My Global Safe said, The product developmentstage is complete and with this new injection of capital, we are now ready for ourcommercial launch. We re already negotiating with several insurers who are keen touse My Global Safe s functionality to diversify their products and boost customerretention. We expected to announce our first deal soon.

Ian Powell and Francis Goodwin have worked together for 20 years. Having been partof a three-man team that purchased Maiden Outdoor in 1993 they led the company to afull listing on the London Stock Exchange in 1996. During their 13 years at Maidenturnover increased from 21 million to over 100 million. The company was sold for 56 million to Titan Outdoor Inc in May 2006, following which Powell and Goodwinhave invested in several projects in both media and other related sectors.


Source: Express-Press-Release.com
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