BGF, an influential investor in small and mid-sized businesses in the UK, has invested a £10.5 million minority investment in e2e-assure, a cybersecurity business-based in Oxfordshire.
Based out of London, BGF is a minority, non-controlling equity partner with a patient outlook, based on shared long-term goals with the management teams it backs. It has £2.5 billion under its management to support a range of growing companies from early stage, to growth stage.
The funding will be used to facilitate international growth and expand its go-to-market offering.
The cybersecurity market is forecast to hit $170 billion by 2022. In 2020, 46% of UK businesses suffered a cyber-attack, and 80% of senior management say cybersecurity is a “high-priority”(UK Gov).
Cybersecurity software and services
Established by Rob Demain in 2013, e2e-assure is a cybersecurity software and services business specialising in providing Security Operations Centre (SOC)-as-a-Service, alongside MDR (Managed Detection and Response), vulnerability scanning, and monitoring.
Notably, a SOC is a centralised function that uses a combination of people, technology and processes to monitor, detect, prevent and respond to cyber-attacks or threats.
The SOC-as-a-Service infrastructure runs on its proprietary ‘Cumulo’ software and can be integrated with existing customer deployed solutions to lower the total cost of ownership.
Neurodiversity hiring initiative
On the other side, e2e-assure also focuses specifically on its social impact via a highly regarded neurodiversity hiring initiative.
It actively recruits, trains, supports, and retains people with different ways of thinking, providing a supportive and positively challenging working environment for its neurodiverse analysts. The company also
Rob Demain, chief executive of e2e-assure, said: “We were looking for an investment partner to help us scale and run an exhaustive selection process to find the right partner to achieve an outcome that fitted with e2e-assure’s culture and customers. BGF was the right choice at the right time for our business. Their expertise in the field of technology and their connections to international markets such as Australia will be key to unlocking growth.”
Alex Snodgrass, the investor at BGF, said: “e2e-assure is a fantastic business that is well-positioned to capitalise on rapid market growth. Under the guidance of Rob Demain, they have created a market-leading business and platform that delivers huge value for its clients. This is a significant investment at a period of rapid growth for the cybersecurity sector and we relish the opportunity to support e2e-assure on the next stage of its growth.”
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