Peter is a serial entrepreneur and investor who specialises in the security technology sector. His most recent start-up is OrbisIP where he works as CEO. OrbisIP is a unique company providing IP and product commercialisation expertise and consulting services to customer organisations in the Information / Cyber Security and National Security and Resilience markets. OrbisIP works internationally and has built a network of over 100 research institutes with specialist research capability in security technology. He is a founding Director and Deputy Chairman of the Security Innovation and Technology Consortium (SITC) and acts as an advisor to a number of security technology companies.
Prior to co-founding OrbisIP with Imprimatur Capital, Peter was a co-founder and start-up CEO of UK based encryption software company BeCrypt Limited. BeCrypt is now the largest supplier of encryption products to the UK Government. On the back of his work, Peter has an extensive global network within Government, Prime Contracting, Academia, Industry and SMEs involved in the security technology marketplace.
Previously, Peter spent over a decade in the City of London working for Reuters Group plc in a number of senior executive positions including Global Marketing and Commercial Director for their largest business stream the Transaction Products Group. He subsequently was Group Managing Director for a leading European dotcom start-up and was successful in expanding the business across Europe and taking the business to market through an IPO. Peter holds an MBA in International Business from London's Cass Business School.
Peter Jaco SITC Board Re-Election Statement (February 2010)
As a serial entrepreneur in the Cyber Security and National Security and Resilience area (www.becrypt.com and www.orbisip.com are two firms I co-founded, and I am involved in an advisory capacity with several others) I am a committed believer as to the benefits of robust and engaging innovation networking between UK SMEs, industry, trade associations, prime contractors and their Government customers.
It was a result of this lack of connectivity in the UK security technology ecosystem between these customers and innovative start-up companies that led me and other interested parties to lobby SEEDA to fund a Security Sector Consortia and co-found the Security Innovation Technology Consortium (SITC - www.securityintech.com).
During the formation of SITC, I was asked to serve as Interim Chairman and subsequently serve as Deputy Chairman when we recruited Lord Freeman as full time chair of the SITC Board. I have also been contributing in an operational capacity to SITC through my involvement in the SITC Executive Committee which is chaired by Lord Freeman and lends operational support and commercial expertise to Steve Swain and the rest of the SITC operational team.
While it is gratifying to see SITC take shape and start to deliver tangible benefits to the growing member communities (now over 350 member firms and with 6 active Special Interest Groups), I am conscious that we have much to achieve with the remaining year of SEEDA funding not least what is the future of SITC and what organisations could contribute to fund SITC should the SEEDA contract not be renewed post March 2011or as additional funding partners.
As a representative of the SME community on the SITC Board, I am pleased to stand for re-election to the SITC Board and would be honoured to continue to serve as Deputy Chairman to help SITC through the next challenging stage of growth.