Home / Explore our latest insights / Charlesbank Invests in Quorum Cyber to Supercharge Growth Worldwide

Published: 5th June 2024 | In: News

Quorum Cyber secures significant new long-term investment to further fuel its mission to help good people win.  

Following year-on-year growth since its inception in 2016, Quorum Cyber is delighted to announce fresh investment from a US-based private equity firm with an outstanding track record. The partnership will propel our drive to elevate existing services, increase headcount and offer exciting and innovative new services to our global customer base. Our ambition remains unchanged – to defend as many organisations as possible, in every sector, against cyber threats today and tomorrow.      

The backing of this new investment partner, Charlesbank, bolsters the financial support from existing partner, Livingbridge. Since onboarding in 2022, Livingbridge’s investment has played a major part in Quorum Cyber’s successful journey, positioning the company to maintain its impressive growth momentum in the UK and North America.  

The new partnership agreement is a huge endorsement of the strategy set out by Quorum Cyber’s board of directors and reaffirms the solid results the company has delivered in recent years. With the support of its financial partners, Quorum Cyber will invest in: 

  • Enhancing its already formidable range of cyber security services
  • Developing its customer platform, Clarity  
  • Recruiting additional outstanding new talent on both sides of the Atlantic  
  • Leveraging artificial intelligence to defend organisations at machine speed and scale 
  • Continually training and developing its team members. 

“I am thrilled to share the exciting news that we have secured a substantial new investment to fuel our company’s expansion journey across Europe, North America, and indeed, globally,” shares Federico Charosky, CEO of Quorum Cyber. “This achievement is a clear endorsement of the exceptional services our team delivers daily for our customers. Our mission is to protect a greater number of organisations from the ever-evolving landscape of cybercrime, and to equip our defenders with the necessary tools to stay ahead. This milestone is a testament to our growth, success, and vision for the future.” 

“As cyber security threats become increasingly common, complex and global, Quorum Cyber stands out for its ability to meet the demand for world-class managed and professional cyber security and data security services,” says Darren Battistoni, Managing Director of Charlesbank. “With its robust set of AI-enabled technology services, as well as its strong alignment with Microsoft’s cyber security suite, Quorum Cyber is well-positioned to help organisations protect themselves amidst this evolving and unpredictable landscape. We look forward to partnering with Federico and his talented management team to strengthen Quorum Cyber’s position in the market and expand its ability to provide cyber security solutions to organisations worldwide.” 

Matthew Jacobs, Livingbridge Partner, said: “We are so proud of what the Quorum Cyber team has accomplished since we invested in 2022, more than tripling headcount and becoming a leading Microsoft security services provider in the UK. During our partnership we supported the team through a period of rapid growth and helped with Quorum Cyber’s expansion into new markets, including the US and the Middle East. It has been a pleasure to work alongside Federico and the team, and we’re excited to be a part of this next phase of growth alongside Charlesbank.” 

Global investment bank, Canaccord Genuity, advised Quorum Cyber throughout the rigorous process of securing a new investment partner.  

To learn more about how Quorum Cyber protects organisations around the world with its range of cyber security and data security services, discover some of our customer stories