US private equity firm Charlesbank Capital Partners has made an investment in Quorum Cyber, which is intended to help the global cybersecurity firm accelerate its growth strategy through talent recruitment and expansion of its services.
London-based private equity firm Livingbridge is an existing partner of Quorum, having overseen development of its customer platform Clarity, team training and further expansion into the US market. Livingbridge will partially realise an initial 2022 investment from its 2019 vintage fund, Enterprise 3, and will reinvest via its Livingbridge Fund as part of the transaction.
Quorum Cyber was founded in 2016 and is Designated as a Microsoft Solutions Partner for Security, according to a press statement. The company’s services focus on maintaining customers’ cybersecurity postures, among them Sentinel MDR, Defender MXDR and Purview MDS, as well as a portfolio of professional services such as Incident Response.
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Darren Battistoni, Managing Director at Charlesbank, pinpointed Quorum’s “robust set of AI-enabled technology services, as well as its strong alignment with Microsoft’s cybersecurity suite”.
Matthew Jacobs, Partner at Livingbridge, said that headcount had more than tripled since his firm’s investment, adding that Quorum had become “a leading Microsoft security services provider in the UK” and had expanded into the US and Middle East markets.
Canaccord Genuity advised Quorum Cyber.
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The full article is available here. This article was published at Private Equity Insights.
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