Legal technology provider Encompass Corporation awarded £3.6 million investment for international expansion

Print This Post

23 September 2016


Encompass 200Encompass Corporation, the technology company that provides sophisticated analytic aggregation software for lawyers and insolvency practitioners, has been awarded investments totaling £3.6 million.

Scottish Investment Bank, the investment arm of Scottish Enterprise, has invested £1.8 million to help support the expansion of Encompass, whose UK head office is in Glasgow. A further £1.8 million was invested by Sydney-based Adcock Private Equity Group.

Founded in 2012 in Australia, Encompass provides sophisticated analytics software for financial and professional service firms. It established its UK head office in Glasgow in 2015 and has since expanded to thirty two employees in the UK.

The funding will enable Encompass to increase the numbers of domestic and international data suppliers which currently stands at twelve. This will further speed up the viability assessment and onboarding of new clients for the legal profession. In addition it will allow the software to be used by the broader financial services community to meet their regulatory requirements for Anti-Money Laundering and Know Your Customer.

Wayne Johnson co-founder and CEO of Encompass said:  “This funding will enable us to fast-track our product development and enhance the offering to the legal services market. It will also support our launch of Encompass Confirm, a solution for financial services firms who are looking for an answer to the Know Your Customer /Anti-Money Laundering headache.”

 



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Leave a comment

* Denotes required field

All comments will be moderated before posting. Please see our Terms and Conditions

Legal Futures Blog

GDPR and the rise of ‘datanapping’ – the new threat to the pockets of law firms

Nigel Wright

You’ve heard about ransomware – a hacker infiltrates your IT systems, locking them down until you pay a ransom. Some studies now estimate that over 50% of businesses have experienced this type of attack in the last year, and it’s particularly prevalent within the legal sector. Previously, firms could protect themselves by having a solid disaster recovery plan in place to ensure they can get back up and running in the event of a disruption. However, the General Data Protection Regulation (GDPR) – the new EU-wide regime which comes in effect on 25 May 2018, irrespective of Brexit – means that this approach alone is no longer adequate and security measures must be strengthened to prevent attacks.

April 21st, 2017