RedKnight is delighted to announce an Innovate UK SMART Grant application it supported in April 2019 has secured a grant of £207,628 for RIMO Capital Ltd (trading as RIMO3). The project will develop a next generation product called ACTIV2.0 which aims at combating future cyberhacks as a result of outdated software. The successful application takes RedKnight’s total grant secured beyond £5m in 4 years.

Software testing is a major expense and quality challenge to businesses. In 2017, software failure caused $1.7tr in financial losses whilst dramatically affecting day-to-day business operations; amplified by the recent NotPetya and Wannacry cyberhacks. The latter, a 2016 hack on NHS systems resulted in total clear-up costs of ~£92m – paid for by the UK Government.

The project builds upon the commercial success of the original version, called ACTIV, by integrating key improvements and new features based on feedback from users, which include some of the UK’s leading large organisations. ACTIV2.0 will enhance the underpinning proprietary technology by performing auto-remediation of incompatible software through usage of robotic process automation, artificial intelligence (AI) based machine learning (ML) capabilities.

RIMO3’s Chief Product Officer, Mr Alon Moss, said, “We’re delighted to have been recognised by Innovate UK in this manner. This vote of confidence will solidify our position at the bleeding edge of the technology, where RIMO are pioneers in the use of bulk automation and artificial intelligence in the field of IT services”.

RIMO3 is a cutting-edge software company spun out of Global Application Management specialist, Camwood Ltd (www.camwood.com), who introduced the world’s first automated compatibility testing software (AppDNA) for Microsoft Installers (MSI) in 2007, spinning off the product and selling it to Citrix in 2011. Camwood set-up RIMO3 to develop the ACTIV product line and the project team has >50 years’ combined expertise in software engineering, automation, AI and ML.