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PLUS admission for Secure Fortress
Telecommunications provider Secure Fortress plc has joined PLUS Markets. The company placed some 110.5 million shares at 13p each.
Incorporated on January 31, 2007, US-based Secure Fortress provides secure communications that protect information systems. The company’s chief product is Fortress, a cabling system for high security environments. Its clients include the United States Department of Defence, federal agencies and private institutions.
Secure Fortress is the holding company of Zephyr Communications and SF1, which is based in London. It is looking to make acquisitions in the future.
Chief executive Alexandre Clug joined Secure Fortress after private investment fund Duncan Capital Partners bought Zephyr in 2006. Clug owns a 5% stake in the company, while chairman Richard Berman owns an 8.8% interest.
Atlantic Law is corporate adviser to Secure Fortress, while Winterflood Securities is its market maker.
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