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Multi-million-pound funding for SureCloud – BusinessCloud

Richard Hibbert, SureCloud

SureCloud has secured a multi-million pound venture debt facility.

The London resident Risk management and cybersecurity providers will use the funds to accelerate their expansion plans in the USA and take a new direction for the company.

SureCloud has been active for more than 15 years and supports the governance, risk and compliance market as well as cyber and risk consulting for large companies.

Operating across industries including banking, manufacturing and government, the company implements flexible, cloud-based solutions that focus on user experience, data aggregation and artificial intelligence to help clients unravel risk, compliance and cybersecurity.

Well, with the support of funding from Specialists in growth loans BOOST & Co., it says it wants to build on its recent success and embark on a new path that will shape the industry in 2021 and beyond.

$ 96M in funding to fuel tech scale-up growth in the UK

SureCloud has already grown 40% annually over the past five years, but when the company started to scale it had to invest heavily in its own growth, ”said saI would Ryan Sorby, Director at BOOST & Co. and Head of Lender’s Office in Manchester.

“The team expects to double the size of its US operations and expand its customer base in the UK over the next few years, but needs growth funds to support it This and our investment offers exactly that. ”

SureCloud was also recognized in three Gartner Magic Quadrants and identified as a challenger in the consulting firm’s 2020 Quadrant Reports of IT Risk Management and IT Supplier Risk Management.

In addition to CREST-certified cybersecurity functions and ISO-compliant solutions, this award shows the caliber of the business and the growth path that BOOST & Co. is confident to support.

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“In the SureCloud We recognize a robust business with an exceptional offering that has significant growth metrics, ”continues Sorbyd. “The company operates in an attractive sector with an impressive list of customers. We look forward to being part of their journey.”

SureCloud CEO Richard Hibbert said of the investment: “We are excited about it BOOST & Co. is with us on this journey. We are confident of that SureCloud will have a breakthrough impact on the cybersecurity, compliance and risk management landscape in the years to come, and this funding will help support our exciting plans for growth and expansion.

It has always been our goal not just to serve customers, but to innovate and evolve on their behalf and shape the GRC industry over time. This investment will help us keep doing just that. “