Mast Capital and Scott Gibson have invested in Contactable, an identity solutions company that provides services to companies in financial services, insurance, telecommunications, healthcare, education, real estate and the public sector. Contactable has identity security that complies with internationally accepted standards, cryptographic modules that comply with US government computer security standards, secure digital e-vaults, biometric data, encryption and tamper proof data exchange. The company works with blue chip companies such as Vodacom, MTN, Fujitsu, Deliotte, Motus, PicknPay, MrPrice, Virgin Mobile, Shoprite, Assupol and the Department of Science and Technology.
Mast Capital is a privately funded investment holding company founded by Allan Cawood, a former director in Dimension Data. The company has investments in companies such as Contactable, DriveRisk, National Health Care and Spectrum Security Products. The co-investor in Contactable, Scott Gibson, is now the Chief Commercial Officer of Contactable after having spent 19 years in Dimension Data where he left as a group executive. The amount invested in Contactable and the stake acquired were undisclosed.