" ITREALMS: Halo Solutions achieves £10m equity funding - ITREALMS

Tuesday, July 02, 2024

Halo Solutions achieves £10m equity funding - ITREALMS

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A British technology company, Halo Solutions, has achieved the sum of £10 million, about N18,894,060,000.00 in latest equity funding as it plans for expansion across the Middle East and North Africa regions, reports ITREALMS.
Halo Solutions achieves £10m equity funding - ITREALMS
Halo, ITREALMS recall developed the Halo public safety and security software platform, which was used at the coronation for His Majesty King Charles III, the King of England and the state funeral of Her Majesty Queen Elizabeth, the late Monarch of England.

This is coming as the British tech company has just secured further equity funding via the investment crowdfunding platform Crowdcube, making Halo the UK’s leading public safety and security operations tech platform to a £10 million valuation.

In May of this year, the British company was also the recipient of the prestigious King’s Award for Enterprise in Innovation, an award that celebrates innovation in British companies and is bestowed upon recipients by His Majesty King Charles III.

The company is expanding aggressively into the Middle East region to help keep people safe at major events and has already worked with leading event safety and promoters Safe Events Global, JAM Events (Safety Division), Saudi Arabian Motorsport Federation, MDLBEAST and FIFA World Cup Fan Zones in Qatar.

Halo has been pivotal in providing its technology as part of the crowd safety and security protection of fans and the public at events across the region, including MDLBEAST’s Soundstorm Festival, Al Bidda Park Qatar 2022 FIFA World Cup Fanzones, Saudi Arabian Grand Prix, Saudi Arabian Grand Prix After Race Concerts, Backstreet Boys DNA World Tour Jeddah, Balad Beast Festival Saudi Arabia and Bruno Mars at Azimuth, Al Ula among others past and present.

Commenting on the planned expansion across the MENA region, Halo Solutions Founder and CEO Lloyd Major said:

“Across the Middle East region, safety and security continues to be of great importance not only for events and sports but also construction and transport. We applaud the Kingdoms and their rulers for their proactive approach to the security and safety of the public, greatly enhancing the appeal of the regions and making them hugely popular global destinations for tourism, sports and entertainment.

“We are also delighted to be working in partnership with the very best promoters and events safety companies in the region, Safe Events Global, JAM Events (Safety Division) and MDLBEAST to help keep people safe at major events, from the likes of MDLBEAST’s Soundstorm Festival to the Al Bidda Park Qatar 2022 FIFA World Cup Fanzones and beyond.

“We look forward to expanding our operations across the Middle East and North African regions working with our partners to help protect and keep people safe across the MENA region.”

The company’s Halo software technology is one of the global leaders in public safety and security technology. Halo uniquely provides a public safety, security and incident response platform that streamlines all aspects of crowd safety, incident management, security and operations into one place. It is now the leading public safety and threat management platform in the world, protecting 3 million people per day on average across its clients.

The Halo System acts as a central command-and-control function that operates from a standard laptop, tablet or smart phone and integrates 10 systems into one, including CCTV and live drone feeds, ticket scanning, accreditation, incident management, task management, patrol management, mass notification, health and safety and medical incident management and more. The Halo System streamlines efficiencies in public safety and security operations and management allowing for speedier communication, faster response times and enhanced event planning.

It is used at some of the world’s biggest and most prestigious events, venues and stadiums to provide public safety and security including the Eurovision Song Contest, FIFA World Cup fan zones in Qatar, the Miami F1 Grand Prix, Silverstone’s British Grand Prix and Moto GP. It has also protected fans at some of the UK’s biggest entertainment events, from Notting Hill Carnival and Glastonbury to the Edinburgh Military Tattoo.

The global market for incident and emergency management alone was valued at $121.4 billion in 2022 and is forecast to exceed $163 billion in 2027. Halo has also forecast 340% revenue growth in FY23 and has a client retention rate of 93%.

Commenting on the recent equity raise, Halo Solutions Founder and CEO Lloyd Major said:

“We are absolutely delighted with the response to our most recent equity raise, which was oversubscribed by 198%. The capital raise will enable us to continue our development funding of the software with more client-led features whilst also helping to fund our growth and expansion into Europe and across the MENA regions.”

Now employing 16 people, Halo Solutions was founded in 2018 by CEO Lloyd Major, a former British national counter terrorism police officer with the UK Government, crowd safety and event security adviser with near 20 years of policing experience, including police training and public order command at major sporting events. He was also the first operational police planner in the UK to obtain a Master’s degree in Emergency Planning and Management, developing a totally new process for threat assessment at public events, which became national policing policy.

The public safety software platform has also been deployed at major sports, entertainment and exhibition arenas across the United Kingdom, including the NEC in Birmingham, ExCeL London, Motorpoint Arena Nottingham and the ACC Liverpool, to keep millions of visitors safe each year. It is also operational at British football clubs, including Chelsea FC, Nottingham Forest FC and Birmingham City FC.

Additionally, Halo is playing a key role in protecting the public across the UK at major rail transport infrastructure and stations, including London Euston, Network Rail and a number of university campuses, including Birmingham City University.

In May of this year, Halo was honoured by His Majesty King Charles III, when the company was awarded The King’s Awards for Enterprise Innovation. Previously known as The Queen’s Awards for Enterprise, these were renamed last year to reflect His Majesty The King’s desire to continue the legacy of HM Queen Elizabeth II by recognising outstanding UK businesses. The award programme, now in its 58th year, is the most prestigious business award in the country, with successful businesses able to use the esteemed King’s Awards Emblem for the next five years.

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