Quorum Cyber

Canaccord Genuity has Advised Quorum Cyber on its Investment from Charlesbank

Canaccord Genuity is pleased to announce it has advised Quorum Cyber, one of the fastest-growing cyber security companies in the UK and North America, on its investment from Charlesbank. 

Quorum Cyber has secured the significant new long-term investment to expedite its mission to become Microsoft’s leading cyber security partner globally. 

Designated as a Microsoft Solutions Partner for Security, Quorum Cyber was founded in 2016 to defend as many organisations as possible against cyber threats, breaches and attacks. The Company’s range of offerings includes a diverse suite of services focused on maintaining customers’ cybersecurity postures, among them Sentinel MDR, Defender MXDR and Purview MDS, as well as a portfolio of highly complementary professional services such as Incident Response.  

The new funding from Charlesbank will help Quorum Cyber build on its success to date and accelerate its growth strategy, including through talent recruitment and expanding its services to its global customer base. 

Charlesbank’s investment bolsters the financial support from the Company’s existing partner, Livingbridge, a private equity firm headquartered in London. Livingbridge’s 2022 investment has played a major role in Quorum Cyber’s recent growth, positioning the company to maintain its impressive momentum in the UK and North America. 

“As cybersecurity threats become increasingly common, complex and global, Quorum Cyber stands out for its ability to meet the demand for world-class managed and professional cybersecurity 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 cybersecurity 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 the Company’s position in the market and expand its ability to provide cybersecurity solutions to organisations worldwide.”

"I am thrilled that Charlesbank has made a substantial new investment to fuel our company's expansion journey," said Federico Charosky, CEO of Quorum Cyber. "This milestone is a clear validation 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. Livingbridge has been a terrific partner, and the added strength of Charlesbank’s platform, resources and deep sector insights will position us well for our next chapter.”

Federico Charosky also shared Quorum Cyber's experience of working with Canaccord Genuity saying, “We are incredibly grateful for the expert guidance and strategic insight provided by Canaccord throughout this process. Their sector expertise and outstanding positioning have been crucial in navigating the complexities of the global cybersecurity market. Canaccord's global reach was instrumental in helping us secure the right partner, fostering growth and reinforcing our global presence. The team at Canaccord not only acted as advisors but also as coaches, providing invaluable guidance that significantly strengthened our team and proposition. This partnership is a testament to the power of collaboration and shared vision, and we look forward to working together again in the future."

Matthew Jacobs, Livingbridge Partner & Head of Services said “The Canaccord Genuity team have played an instrumental role in achieving an outstanding outcome for the shareholders of Quorum Cyber. We benefitted from their deep domain knowledge and insightful advice, with their team working tirelessly throughout. Above all, we thoroughly enjoyed working with them.”

This transaction confirms Canaccord Genuity’s position as a leading M&A and financing adviser to the cybersecurity sector in Europe.