Tag Archives: Queen’s Award for Enterprise

Metro Security wins Queen’s Award for Enterprise in recognition of M.A.R.S

Metro Security has won a 2019 Queen’s Award for Enterprise in the Innovation category for the development of M.A.R.S (Metro Analytic Retail Solution), an integration software that brings retailers’ risk data into one location at the click of a mouse.

Managing director Trevor Wallace, who attended a reception at Buckingham Palace on Tuesday 11 June, enthused: “This award is a real honour for Metro Security. We’re a company that has been able to build a strong reputation off the back of British-designed software and hardware development.”

The M.A.R.S solution, which integrates retailers’ existing technology – including Electronic Point of Sale and CCTV data – to deliver transparency of information in order to detect theft and fraud, came to the attention of the Queen’s Award adjudicators after a number of High Street and petrol forecourt retailers reported transformative loss reduction results following its deployment.

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Trevor Wallace (left) and son Darren at Buckingham Palace

The technology allows businesses to remotely access and deep dive into data with the support of CCTV evidence to build criminal cases for the police to prosecute, which also assists in reducing police investigation time.

Wallace, who established the Romford-based business back in 1978, continued: “Our technology is a collaborative effort with our customers. They tell us what management information they want and how they want it packaged. We then work with them, and their other partners, to deliver it. We see ourselves as a kind of Q character from the James Bond franchise. We quietly work in the background to enable technologies to work together to catch the bad guys. We’re not quite on Her Majesty’s Secret Service, but this Royal recognition is a major boon for the business and an acknowledgement of the hard work and long hours put in by the team. This prestigious accolade is a true recognition of their enterprise.”

The Deputy Lord Lieutenant will be visiting the business in Ashton Road to bestow the Queen’s Award for Enterprise certificate and crystal award.

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Cyber security firm Foregenix scoops Queen’s Award for Enterprise

A cyber security firm has picked up the Queen’s Award for Enterprise. Foregenix, which celebrates its 10th Anniversary this month, received the award for its work in international trade and is believed to be the first cyber security consultancy with a determined focus on protecting the payment and finance industries to pick up the accolade.

Headquartered in the UK, Foregenix has generated around 60% of its revenue from international sales over the past four years, helped by new offices in Boston servicing North America, Frankfurt, Europe, Sydney, Australasia and São Paulo, Brazil and a new base in Singapore in 2019.

Foregenix offers a range of services including managed detection and response, digital forensics, compliance and risk. It’s one of the leading certification companies for payment systems on PCI point-to-point encryption and an authority on ATM ‘cash-out’ attacks.

The Queen’s Award for Enterprise follows on from recognition by The Sunday Times as one of the Top 100 SME exporters in 2017 and 2018.

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Left to Right: Paul Humpage, Andrew Henwood and Benjamin Hosack of Foregenix

The Queen’s Awards have recognised the achievements of British businesses since 1965. Around 200 businesses receive the accolade each year.

Co-founder and CTO Andrew Bontoft commented: “It’s testimony to the brilliant work and dedication of our global team that we’ve received this prestigious award. We’re very proud of what the team has achieved and grateful for the recognition this award signifies. We would also like to thank our clients and suppliers for helping us to achieve this honour.”

CEO Andrew Henwood added: “Foregenix aims to protect businesses and organisations from criminals who attempt to endanger people’s livelihoods and futures for their own enrichment. It’s a cause that resonates with our customers. We offer them practical advice and solutions for baked-in security and real risk reduction.”

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