Wednesday 17 December 2025,12pm GMT
Hilco is seeking offers to acquire the intellectual property assets of Secretarium Limited (In Liquidation) (“Secretarium” or the “Company”) on behalf of the Joint Liquidators of the Company, Alexander Watkins and Joshua James Dwyer of Interpath Advisory.
Founded in 2016, Secretarium operated as a specialist confidential-computing and privacy-enhancing technology company, building secure-by-design cloud platforms for organisations needing to process highly sensitive data without exposing it to operators, cloud providers, or counterparties.
The product of seven years of R&D and c. £9m in investment, Secretarium’s offering was built around solving complex, real-world challenges for organisations that handle highly sensitive information. Rather than relying on conventional cloud-security methods, the Company developed technology that allows multiple parties to work together on confidential data without exposing it to operators, cloud providers or other participants, opening up new possibilities in areas where trust, data integrity and controlled collaboration are essential.
The platform was designed to support a wide range of mission-critical use cases, including private data analytics, central-bank digital-currency experimentation, secure audit trails, tokenisation pathways, compliance workflows such as AML/KYC, and privacy-preserving AI. Across these areas, Secretarium aimed to provide clients with a way to innovate securely, operate with confidence, and unlock new digital-service models that traditional cloud technologies struggle to support.
The Company invested heavily in building a reliable, structured environment that ensured sensitive workloads could be run securely, consistently and with strong governance. The Company worked closely with several enterprise and institutional partners, including organisations in financial services, AI, national infrastructure and regulated industries, and its collaborations, pilots and proofs-of-concept highlight the breadth of potential applications. Partnerships with trusted ecosystem providers such as OVHcloud’s Open Trusted Cloud further bolster the credibility and relevance of the platform.
This acquisition represents an opportunity to secure a fully developed confidential-computing platform and associated intellectual property, providing a foundation for a purchaser to re-enter client conversations, accelerate product development in a fast-growing market, and establish a differentiated position in secure data collaboration, digital-asset workflows and privacy-preserving AI.
Secretarium has established itself as a forward-thinking and highly specialised player in the confidential-computing landscape. The Secretarium and Klave brands are associated with high-assurance environments, innovative digital-asset and data-governance models, and strong technical credibility among organisations operating in regulated, sensitive, or security-critical sectors.
Unlike conventional cloud or cybersecurity providers, Secretarium positioned itself around long-term trust, verifiable security, and enabling safe collaboration on sensitive information. The brand’s partnerships with Thales and OVHcloud’s Open Trusted Cloud have further reinforced its standing as an enterprise-grade platform provider.
The Secretarium brand’s credibility has been reinforced by its wins of various high-profile global innovation challenges, including the Monetary Authority of Singapore’s Global CBDC Challenge and the G20 TechSprint AML category, and has featured in central-bank pilots and technical papers. Klave itself is presented as a platform developed by an award-winning London-based organisation, strengthening the credibility of the technology in the eyes of institutions and innovation bodies.
For an acquirer, the Secretarium and Klave brand identities offer a differentiated entry point into a growing ecosystem of institutions and enterprises seeking secure ways to innovate with sensitive data.
The Company holds a portfolio of registered trade marks and pending applications covering the “Secretarium” and “Klave” brands.
Full details on the Company’s trade marks are available via a virtual data room.
Secretarium’s software offering centres on Klave, the Company’s flagship confidential-computing platform, and Klave AI, its complementary framework for secure, privacy-preserving AI workloads. Together, these assets represent seven years of R&D and c. £9m of investment and form a mature, codebase designed for secure deployment.
At its core, Klave provides a secure application platform enabling developers to build and run cloud applications inside protected environments, where data remains encrypted during processing and execution is independently verifiable. The platform includes modules for application hosting, secure workflow execution, cryptographic identity, event logging, and trust-establishment between participants. Klave AI extends these capabilities to support AI and machine-learning workloads using the same privacy-first, encrypted-in-use security model.
The software estate includes the full source-code repositories for Klave and Klave AI, together with supporting libraries, internal developer tooling, deployment scripts, configuration files, infrastructure automation, and test harnesses. All components have been structured to allow reproducible builds, consistent deployments, and straightforward migration into a buyer’s infrastructure or cloud environment.
Secretarium invested heavily in documentation to support the reliability and maintainability of the system. Accompanying the codebase is an extensive body of technical and architectural documentation, covering system architecture, module-level design, APIs, security concepts, operational workflows, and longer-term roadmap plans, including materials created for ISO 27001 and Cyber Essentials compliance.
For an acquirer, the Company’s software suite offers a sophisticated, high-assurance platform that can be adapted to a wide range of privacy-sensitive use cases, without the multi-year development effort usually required to build such a platform from the ground up.
The Company holds a portfolio of c. 60 domain names, including the core secretarium.com and klave.com domain names, together with an extensive suite of supplementary domains designed to support product lines, geographic coverage, and future brand extensions.
Full details on the Company’s social media accounts are available via a virtual data room.
The Company likely owns the copyright in the website content historically hosted across domains, showcasing its confidential-computing capabilities, product propositions, innovation credentials and projects.
Rights in social media accounts are also available to acquire across various platforms, including LinkedIn, Twitter, Medium, YouTube and Discord.
Full details on the Company’s social media accounts are available via a virtual data room.
The Company also holds a HubSpot CRM dataset containing historic prospect, partner and customer-interaction records.
The deadline for offers is Wednesday 17 December 2025 at 12pm GMT
All expressions of interest and bids are to be directed to Hilco in writing. A Bid Submission Form is available on request. Please contact Hilco to gain access to a virtual data room for further information on signing a confidentiality agreement.
Hilco is acting as exclusive agent to the Company and its Joint Liquidators in connection with the proposed sale of some or all of the Company’s assets. The Joint Liquidators act as agents of the Company and without personal liability.
All sales are made strictly on an “as is, where is” basis. Only such right, title and interest (if any) as the Company may have in the assets will be transferred to a purchaser. No warranties, guarantees, or representations (express or implied) are provided by the Company, its Joint Liquidators, or Hilco in respect of the assets or any information supplied. All parties must rely on their own enquiries and due diligence. Any information provided is for convenience only and has not been independently verified.
All offers are subject to the addition of VAT at the prevailing rate, where applicable. A non-refundable deposit equal to 20% of the agreed purchase price must be paid by the successful purchaser within 48 hours of offer acceptance. Payment of the deposit grants the purchaser the exclusive right to proceed with the acquisition of the relevant assets for a limited period and on the terms agreed. A Buyer’s Premium of 10% of the final purchase price is payable by the successful purchaser in addition to the agreed purchase price, is non-negotiable and is payable at the same time and in the same manner as the purchase price and forms a condition of sale.
Legal completion must occur within five (5) business days of offer acceptance, unless otherwise agreed in writing by the Company and its Joint Liquidators.
