Secure

  • SectorElectronic payments solutions software
  • OverviewGlobal provider of payment solutions, hardware, software and services
  • Value£ Undisclosed MBO
  • CompletedAugust 2019
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About

Secure is an established provider of bespoke payment solutions, delivering vendor-agnostic payment gateways, software and acquiring solutions. Secure’s activities are underpinned by embedded managed services across the entire product lifecycle from point-of-sale choice and installation to security testing and maintenance.

Founded in 1986, and evolving from an electronic manufacturing background, the company focus has always been on accuracy, process and overall customer satisfaction, core values which provided a path to transition into a payments business in 2003.

The business is registered in the UK and the Netherlands with logistical operations in both countries. Over the years, a collective wealth of experience and knowledge has been built within the payment industry, such that Secure is recognised and respected by world leading manufacturers, software development houses, and of course, the vast number of end customers who it supports daily.

Secure is at the forefront of the ever-changing payment technology and compliance world, and is therefore a partner to rely on to advise and assist throughout the entire lifecycle of payment solutions. Secure offers the broadest range of embedded hardware, software, gateway and merchant acquiring vendors in the UK payments industry, allowing the provision of genuinely independent and impartial solutions, tailored to merchants’ needs.

No other company provides a more comprehensive range of technology and hardware solutions to meet the secure payment challenges faced its client’s businesses.

The Market

Secure currently operates in a segment of the broader £4.7bn payments market, estimated at £693m. This market continues to grow, driven by increasing penetration of card payments over the last decade, accelerated by Covid-19, hastening the transition from cash to card, mobile and contactless payments. In addition, demand for Secure’s product, solutions and services is further underpinned by continuously evolving regulatory standards, which demand periodic update and replacement of infrastructure and terminal estates, combined with product innovation.

NVM’s investment was made to support Secure’s strategy to evolve its business model to one where an increasing majority of gross margin is derived from recurring and repeat revenue streams.

Secure in numbers

  • 1986 Founded
  • £693m Market size
  • £80m Contactless payments per year
2909

Secure is delighted to be partnering with NVM. From our very first meeting it was clear that NVM had the appetite and understanding to add considerable weight to the exciting product strategy being delivered by the Secure team. The next phase of payment security will undoubtedly create the potential for significant growth in software, hardware and support services. Secure supported by NVM is well placed to capitalise on this opportunity

David Russell ,  Managing Director ,  Secure
2910

We are delighted to be partnering with Carl, David and the rest of Secure’s highly experienced management team to take the business forward through the next period of its growth. The payments market is necessarily becoming more complex and specialised given heightened regulatory and security considerations, coupled with increasing demands from consumers for speed and flexibility. The expertise that Secure has built over the past 15+ years will be of considerable value in such a dynamic market.

Andy Leach ,  NVM
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