Security outfit Integrity360 has announced a major strategic investment from private equity firm August Equity.
For some reason, neither outfit is saying how much has been invested but since they both spent a lot of cash on issuing a press release on a subject without having the main point of the story somewhere in it, they must feel they must be rolling in it and suddenly have more money than sense.
In addition to the investment funding, Integrity360 founder and CEO Eoin Goulding is partnering with Ian Brown, who joins the company as Executive Chairman, with Goulding taking on the new role of President. Brown, an established entrepreneur, and industry veteran has been running technology businesses for over 25 years, including most recently SecureData, the UK cybersecurity services business acquired by Orange in 2019.
Brown and Goulding intend to use the investment to accelerate the growth of Integrity360 with an extensive acquisition programme planned across Europe and further expand Integrity360’s comprehensive portfolio of services, including next-generation managed detection and response (MDR) services.
Further, the existing Integrity360 executive team is being complemented by the addition of Matt Tomlinson who will run UK business development operations. Tomlinson previously worked at SecureData where he served in a similar position for almost 20 years.
Eoin Goulding has welcomed the announcement as exciting news for Integrity360’s employees and customers. “Over the past 16 years, the company has successfully grown to become a leading cybersecurity specialist within Ireland and in the UK. We have a fantastic team with a thriving culture, and I am delighted to now work with both August and Ian who will continue to bolster our service capability and expand our reach internationally”.
Ian Brown said: “I have followed and admired Integrity360 for some time, and so I am truly delighted to be partnering with Eoin – and of course August Equity – once again, with the goal to build a market-leading cybersecurity services company across Europe. Integrity360 already has a strong reputation in the industry and a comprehensive end-to-end portfolio of services. I look forward to working with the team to accelerate our organic growth plans and also build the brand internationally. The market need for such services has never been stronger given both the massive digital transformation acceleration within businesses, alongside the rapid evolution of cyber threats.”
Mehul Patel, the partner at August Equity, said: “We are delighted to be partnering with Ian Brown again in the cybersecurity market and investing in Integrity360. We look forward to working with Ian, Eoin and the team as we work together to accelerate the growth of Integrity360 and build a substantial leadership position across the European market”.
