SureCloud听has secured a multi-million-pound venture debt facility.听听
The London-based听risk management and cybersecurity provider will use the funding to accelerate its plans for expansion听into the US听and forge a new direction for the company.听
SureCloud听has been operating for more than 15 years, supporting the governance, risk and compliance market and cyber and risk advisory services of major corporate firms.听听
The company operates across multiple sectors, including banking, manufacturing and government, implementing flexible, cloud-based solutions that focus on user experience, data aggregation and artificial intelligence that helps clients de-mystify risk, compliance and cybersecurity.听听
Now, with the support of the funding from听growth lending specialists听BOOST&Co,听it says it听is seeking to build on its recent success and plot a new path forward that will shape the industry in 2021 and beyond.听听听
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鈥�SureCloud听has already demonstrated 40% growth per year for the last five years but, as the firm has begun to scale, it has had to invest heavily in its own growth,鈥� said听Ryan Sorby, principal at听BOOST&Co听and head of the lender鈥檚 Manchester office.听听
鈥淭he team is expecting to double the size of its US operations during the next couple of years, as well as scale its UK client base, but they need growth funds to support听this听and our investment provides exactly that.鈥澨�听
Meanwhile the firm has appointed听Caren Havelock to the newly created position of听chief听marketing听officer.听
She听joins from Ping Identity where, for over four years, she built and led the EMEA marketing team.听听
鈥淚鈥檓 delighted to be joining the听SureCloud听team on the eve of a pivotal chapter in the company鈥檚 growth,鈥� she said.听听
鈥�I鈥檝e seen first-hand the security challenges present in an increasingly complex IT landscape.听SureCloud听is not only committed to overcoming these challenges for individual听businesses, but听revolutionising the听industry as a whole.鈥�听听
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SureCloud CEO Richard Hibbert said: 鈥淲e鈥檙e thrilled that BOOST&Co听is with us on this journey. We鈥檙e confident that听SureCloud听will have a game-changing impact on the cybersecurity, compliance and risk management landscape in the coming years, and this funding will help support our exciting plans for growth and expansion.听听
鈥淚 am thrilled to have Caren鈥檚 talents at the company, and I am sure she will play a key role in our quest to becoming the go-to organisation for subscription-based integrated risk management and tech-enabled cyber services.鈥�