Research suggests that the total cost of cybercrime topped $1tn for the first time in 2020, with the move to home-working a significant contributing factor. Experts expect this to increase to as much as $10.5tn by 2025, so companies like the integrated risk management and cyber security provider SureCloud are key to supporting the governance, risk and compliance (GRC) market and the cyber and risk advisory services of major corporate firms.
Founded more than 15 years ago, the business operates across multiple sectors (including banking, manufacturing and government), implementing flexible, cloud-based solutions that focus on user experience, data aggregation and artificial intelligence. SureCloud, which has been recognised in three of Gartner’s Magic Quadrants, is now using a multi-million-pound venture debt facility from BOOST&Co to expand in the UK, as well as doubling the size of its operations in the US.
Making a game-changing impact through growth
“In SureCloud, we recognise a robust business with an exceptional offering, demonstrating significant growth metrics,” says Ryan Sorby, BOOST&Co’s head of the north and Scotland. “The company is operating in an attractive sector, with an impressive customer list, so we’re excited to be a part of its growth.”
“We’re thrilled that BOOST&Co is with us on this journey,” says Richard Hibbert, chief executive at SureCloud. “We are confident that SureCloud will have a game-changing impact on cybersecurity, compliance and risk management in the coming years, and this funding will support our exciting plans for growth. It has always been our goal not just to serve clients, but also to innovate and develop, shaping the GRC industry as we go. This investment will help us continue to do just that.”