An Edinburgh Napier University spin-out has appointed tech entrepreneur Pete Jaco as its new chief executive.
MemCrypt was founded following research at the university’s school of computing and backed by Scottish Enterprise, which supported the launch with a six-figure investment in the form of a convertible loan note.
Jaco will take charge of the business as it steps up plans to launch products to help customers and technology partners solve the multi-billion pound ransomware threat.
The co-founder of the Scottish Tech Army, Jaco joins chief technology officer Dr Peter McLaren on the MemCrypt management team.
Edinburgh Napier professor Bill Buchanan will continue to support MemCrypt as the company’s chief scientist, while Dr Owen Lo will take the role of technology lead.
Jaco has worked in the UK start-up industry for more than 20 years as chief executive, non-executive director, advisor and chair, supporting companies including Becrypt, Digital Shadows, Immense and CyberOwl.
He is also a member of he London Office for Rapid Cybersecurity Advancement and serves as a board advisor to the Scottish Government’s digital directorate’s civtech govtech innovation programme.
Jaco said: “It is a privilege to work with Bill Buchanan and the Edinburgh Napier team to launch their fourth cyber security spin-out.
“We welcome the financial support of Scottish Enterprise which will help us to establish the company, build our first product demonstrators and accelerate our market engagement.”
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