Miigen, the secure private social platform for older adults which enhances the quality of later life living, has increased the pace of its global expansion with the acquisition of an innovative digital inheritance package being branded as Mii-Vault which creates a secure vault to ease the handling of a person’s estate.
The deal, which went through in June, is the latest initiative by the Stirling-based, internationally-operating technology challenger and adds further impetus to a growth trajectory which will see the company opening its first American office by the middle of next year.
The deal also doubles the number of jobs at Miigen.
Mii-VAULT was developed by a group of Dubai-based entrepreneurs to address the issues raised by the complexities of modern life and the need to document and keep track of careers which may involve multiple properties and assets in a variety of jurisdictions.
It is designed to take the stress out of digital and estate planning needs and facilitates the smooth transition of a physical and digital inheritance at the end of a life, allowing families to avoid the loss of wealth that has been painstakingly built up.
Craig J Lemmon, Miigen chief executive officer, who founded the Miigen “digital time capsule” along with Campbell Ferrier in 2015, said: “Mii-VAULT is a particularly good fit for us.
“It is a valuable addition to the group portfolio which means that we can not only help preserve the unique memories of our older generations, we can also help them to protect their assets for succeeding family members.”
Mr Lemmon said that as part of the deal, Mii-VAULT co-creator Malcolm Flawith would become Chief Operating Officer of Miigen UK.
Mr Flawith will be based in Cyprus and will promote the product to high net worth individuals across the Middle East.