PCI-PAL (PCIP)

Sector:

IT Services

Index:

FTSE AIM All-Share

44.20p
   
  • Change Today:
      0.50p
  • 52 Week High: 46.00
  • 52 Week Low: 19.50
  • Currency: UK Pounds
  • Shares Issued: 42.55m
  • Volume: 18,598
  • Market Cap: £18.81m

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PCI-PAL creates new information security executive position

By Josh White

Date: Monday 01 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Secure payments provider PCI-PAL announced the creation of a "key role" on Monday, being a chief information security officer (CISO), as well as the appointment of a new chief technology officer (CTO).
The AIM-traded firm said effective immediately, Geoff Forsyth - a director of the company - had taken up the new role of CISO.

It said the "important" role was dedicated to maintaining the group's existing information security strategy and standards to protect customer data as it expanded our operations globally, and increasingly worked with enterprise-sized channel partners.

PCI DSS certification, information regulatory compliance, risk management and other relevant data security requirements were said to be "at the core" of the organisation, with the position reinforcing the firm's commitment to ensuring data security and global regulatory compliance.

PCI-PAL said that o date, Forsyth had been the group's CTO and the key architect of its compliance and security practices.

Following the change in role, the board also announced that Hugh James, who was currently head of engineering, had been appointed as CTO, which is a non-board position.

It said UK-based James was bringing a "wealth of experience" specific to development operations and telephony for software services operating in cloud environments.

In addition to his PCI experience, it said his prior time at industry players such as NewVoiceMedia was "highly relevant" as it scaled its services globally.

As CTO, James would be responsible for the group's strategy in the commercial deployment of all its technology skills and assets, and the integration of PCI-PAL cloud technology into its channel partners' products.

"PCI-PAL's mission is to safeguard reputation and trust," said chief executive officer James Barham.

"The management of Information Security is therefore vital to our ability to achieve this, and I am extremely pleased that we are now able to allow Geoff to focus all his energy and skill on this key area.

"As PCI compliance and related regulatory enforcement of data security increasingly captures board-level attention, Geoff's deep experience will also help the Company to expand its industry prominence as a thought-leader in the field."

Barham added that he was "equally pleased" that Hugh James had agreed to pick up the baton from Forsyth in the role of CTO, in leading the next phase of development of the firm's "world class" cloud technology.

"Hugh's strong mix of both relevant technology and contact center industry specific experience will be of significant benefit to our global partners, as we strive to be the preferred solution provider that technology vendors globally turn to for achieving PCI compliance for payments by phone."

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PCI-PAL Market Data

Currency UK Pounds
Share Price 44.20p
Change Today 0.50p
% Change 1.14 %
52 Week High 46.00
52 Week Low 19.50
Volume 18,598
Shares Issued 42.55m
Market Cap £18.81m

PCI-PAL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.54% below the market average62.54% below the market average62.54% below the market average62.54% below the market average62.54% below the market average
29.03% below the sector average29.03% below the sector average29.03% below the sector average29.03% below the sector average29.03% below the sector average
Price Trend
65.56% above the market average65.56% above the market average65.56% above the market average65.56% above the market average65.56% above the market average
49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average
Income Not Available
Growth
42.84% above the market average42.84% above the market average42.84% above the market average42.84% above the market average42.84% above the market average
38.95% above the sector average38.95% above the sector average38.95% above the sector average38.95% above the sector average38.95% above the sector average

PCI-PAL Dividends

No dividends found

Trades for 24-Feb-2020

Time Volume / Share Price
10:06 1,250 @ 44.30p
08:49 11,348 @ 43.97p
08:32 6,000 @ 43.81p

PCI-PAL Key Personnel

Finance Director Stuart Gordon
CFO William Good
CEO James Barham
Chair Simon Wilson

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