Maven leads investment in Quorum Cyber Security

Quorum MD Federico Charosky

Maven Capital Partners has led a £2.7 million investment through its managed Venture Capital Trusts (VCTs) and alongside the Scottish Investment Bank in Edinburgh-Tased Quorum Cyber Security Limited.

Quorum provides services to companies across the UK, Europe and the Middle East.

The Quorum team plan to scale operations globally, with further expansion already underway in the Middle East, Australia, South Korea, and North America.

David Milroy, Partner at Maven, said: “We are delighted to be leading the investment in Quorum Cyber which is trusted by a diverse range of clients and which we believe is ideally positioned to capitalise on the significant growth within the cyber security space.

“The senior team at Quorum have built a business with an enviable reputation and culture and we look forward to working with them over the coming years to scale the business.”

Quorum MD Federico Charosky said: “Maven and SIB’s investment will enable us to capitalise on the significant growth we are currently seeing in the cyber security market.

“Our fully managed security operations centre offers clients a customer-centric, cost effective and highly flexible solution to prevent cyber attacks and breaches, offering a truly unique alternative to building a costly in-house capability.

“We are delighted to be partnering with Maven who have established a strong track record for backing some of the UK’s most innovative tech businesses.”

Kerry Sharp, Director, Scottish Investment Bank, said: “As the methods employed by cybercriminals become more sophisticated, so must the defences mounted by those tasked with combatting them.

“As a global provider of cybersecurity services, Quorum is alert to the risks posed by the ever-evolving world of cyberattacks and breaches. Investing in partnership with Maven, we are excited to see Quorum embark on a programme of growth that will cement its already excellent reputation and aid its expansion into new markets.”