Silent Circle: $50million financing round and continued rapid expansion

"Silent Circle has brought tremendous disruption to the mobile industry and created an integrated suite of secure enterprise communication products that are challenging the status quo," said Mike Janke, Co-Founder and Executive Chairman of the Silent Circle Board. "This first stage of growth has enabled us to raise approximately $50m to accelerate our continued rapid expansion and fuel our second stage of growth."

"Just under a year ago, we introduced Blackphone at Mobile World Congress," said Janke. "Since then, we've continued to develop new, privacy-first products for our integrated software suite as well as Blackphone, the first hardware device in our portfolio of privacy solutions." 

Reflecting the strong demand for Silent Circle products from enterprise customers, the company is also announcing its agreement to buy out the joint venture between Silent Circle and Geeksphone, which is expected to close this week.  The acquisition will result in Silent Circle taking a 100% ownership stake in SGP Technologies and the Blackphone product set, resulting in operating efficiencies and an integrated product roadmap.  SGP Technologies had been formed specifically to create Blackphone, the world's leading privacy-first smartphone, named one of Time Magazine's best 25 inventions of 2014 and one of MIT's top 10 breakthrough technologies.

'"I'm pleased to be part of the incredible growth of Silent Circle and to see our capabilities and opportunities rise alongside of the growing recognition of the importance of privacy in the modern enterprise," said Ross Perot Jr, one of the original private investors in the company and Chairman of the Perot Group.

About Silent Circle
Silent Circle is a leader in enterprise privacy, delivered through a mobile ecosystem of devices, software and services, starting with ZRTP to build a fundamentally different mobile architecture.

Now led by Bill Conner, the former Entrust President and CEO and Nortel President, Silent Circle was co-founded by Mike Janke, former Navy SEAL and security expert; Phil Zimmermann, co-founder of PGP, developer of the ZRTP protocol and 2015 inductee into the Internet Hall of Fame; and Jon Callas, creator of Apple's whole disk encryption software and co-founder of PGP Corporation.  

Silent Circle is headquartered in Switzerland, home to the world's best privacy laws.