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Newcastle-based startup Omlis secures $31 million in contracts creating 40 new jobs

Newcastle based mobile payments security experts Omlis, today announced the successful completion of their first licensed implementations in contracted revenues to the value of $31 million over the next 5 years.

These contracts are based on secured partner and client opportunities across Europe, South America, the Middle East and Africa, all secured by Omlis in the first 12 months of business.

The company, founded by Newcastle born Markus Milsted in October 2012, has set the new standard for mobile transaction security with their unique mobile payments encryption solution which presents businesses with the opportunity to deliver convenient and secure mobile payment transactions.

Despite several opportunities to set up operations in other regions in the UK and abroad, Omlis CEO Markus Milsted made the decision to conduct all operations from the Omlis HQ in the heart of Newcastle.

Completely funded by private investors, Omlis has expanded from 2 to 43 full-time employees in Newcastle and London since February 2014 and is on its way to becoming the fastest growing mobile payments security company in a swiftly expanding market.

Now a leader in the northeast mobile tech space, their accelerated growth can be attributed to the continuous and rapid increase of global payment fraud issues attributed to the mass adoption of mobile solutions by convenience driven consumers.

With fraudulent mobile attacks on the rise, Omlis presents an opportunity for the mobile payments ecosystem to deliver 100% fault-tolerant mobile payment security.

The company is consistently adding to its high calibre global partner network of reputable technology organisations including Stratus Global Technologies, Stratus Technologies Mexico, Seric Systems, ISN Technologies and Orion Software and Services.

It is also recognised as only one of three global security software solutions approved for the IBM marketplace.

As a rapidly growing and ambitious organisation, Omlis is now established as the North East’s largest and leading mobile payments solution provider in under one year of trading and is on track to becoming one of the region’s largest technology employers by 2016.

With Juniper research forecasting growth of mobile payment users to 450 million by 2017, Omlis is poised for hyper growth and is certainly one to watch in the next 12 – 18 months.

Founder and CEO of Omlis, Markus Milsted, said: “It’s hard to believe that the company has expanded so quickly.

“Our CCO, John Stuart, previously shaped the commercial strategies for world-class organizations including S1 and Verifone securing orders in excess of $350 million in competitive global markets. The Omlis team is growing and the talent is immense.

“The North East has a very vibrant and dynamic tech scene and Omlis leads the way in mobile payments innovation in the region.

“Omlis has recruited highly skilled, world-class talent, creating over 30 jobs in the region within its first year, and is on target to almost triple the headcount in 2015.”