Locks and Security News: your weekly locks and security industry newsletter
24th April 2024 Issue no. 702
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Quorum Cyber acquired by private equity firm Livingbridge
Livingbridge announces its investment in UK-based Quorum Cyber, a leading security services firm delivering managed detect and response capabilities to teams and organisations globally. Founded in 2016 by CEO Federico Charosky, Quorum Cyber’s innovative services enable enterprises including banks, cloud providers and major brands to thrive in an increasingly hostile digital landscape.
As a Microsoft Gold Partner and Microsoft Intelligent Security Association (MISA) member, Quorum Cyber specialises in delivering risk reduction outcomes through the power of Microsoft Security Technologies via its in-house team of experienced and qualified professionals.
Livingbridge identified Quorum Cyber as a unique business with a proven track record that is well-positioned to benefit from the momentum for quality security solutions. The managed detection and response market is forecasted to grow to $2.15 billion by 2025, up from approximately $1.03 billion in 2021
Livingbridge’s investment includes growth capital to enable Quorum Cyber to capitalise on these strong macro tailwinds and execute its ambitious growth plans through increased investment in its solutions as well as sales and marketing functions.
Matthew Jacobs at Livingbridge, said: “Quorum Cyber has a very strong reputation offering best-in-class solutions to its clients. Federico Charosky is an inspirational leader with deep industry expertise, and we look forward to working closely with him and the management team to fulfil the company’s potential. With the pandemic further highlighting the need for cyber security solutions, there is a tremendous opportunity for the company to accelerate its growth trajectory.”
Federico Charosky, Founder and CEO of Quorum Cyber, said: “We are delighted to be entering the next chapter of our growth journey with Livingbridge, a partner with the experience and resources to help us achieve our vision of becoming one of the top 10 Microsoft Security partners worldwide.”
12th January 2022