Reading-based cyber security specialist Bridewell Consulting has become the latest to receive backing from a private equity player. The firm has attracted a multimillion-pound investment from Growth Capital Partners (GCP), with the private equity firm taking a minority stake in the business.

There has been a flurry of investments from various private equity players in the first few months of 2021 as investors look to get behind a buoyant tech sector. Bridewell is currently working to a five-year plan that included getting private equity involved. It will use the funds to invest in its UK operation and add more muscle to its ambitions to grow across Europe, North America and Asia.

There are also plans to expand its managed detection and response (MDR) service and its 24×7 security operations centre (SOC). Other ambitions include doubling the current 80 employees by 2022.

Read more/Source: Computer Weekly