Case Study: Spin-Out Company Isis Forensics Limited Has Won Significant Venture Capture
About Isis Forensics
Isis Forensics Limited was founded by CEO Dr James Walkerdine in 2007 and is based in co-location facilities at InfoLab21.
The international digital forensics company specialises in developing solutions to protect individuals and assist law enforcement with digital investigations.
The Challenge
The company's links with the university, assistance from InfoLab21 and focus on research and development have allowed them to develop cutting edge technologies in the areas of online child protection, language analysis and online conversation modelling.
The Solution
Solutions have included a mobile phone child protection application 'ChildDefence', working closely with law enforcement to develop a language analysis toolkit.
CEO Dr James Walkerdine explained:
“The technology we have developed has the potential for use by website operators, internet service providers, law enforcement agencies and children themselves.
"We began looking at funding opportunities in the summer of 2011, spent 10 months working with Enterprise Ventures to further develop our business plan and to put together a strong management team to drive the company forward. We finally secured the investment in July this year.
"This investment will allow us to further develop products and also enable access to the technology for other markets.”
Impact
Douglas Stellman, investment director at Enterprise Ventures, said:
"We are delighted to have been able to work with Lancaster University to secure significant funding for this exciting new technology company.”
Benefits
As part of the funding round, the company were able to appoint a non-executive chairman Patrick Jolly, former director of SurfControl plc.