Growth Capital Partners (GCP) has taken a minority stake in Bridewell Consulting, the first investment from GCP Fund V.
Bridewell Consulting is a cyber security services company providing global, 24×7 managed detection and response (MDR) services as part of its Security Operations Centre (SOC) and specialist cyber security consultancy. With extensive experience of delivering large-scale transformational projects in highly regulated environments, Bridewell enables organisations to drive strategic change securely, providing a full breadth of end-to-end cyber security services.
Established in 2013, Bridewell Consulting is one of the fastest growing cyber security companies, with 75 per cent year-on-year revenue growth since FY18. Headquartered in Reading, Berkshire, the company listed at number eight on the Thames Valley 100 Growth Index in 2020 and has supported over 100 clients in the last 12 months alone in industries including critical national infrastructure, financial services, and central government. This successful track record is supported by a team of over 80 employees, with plans to double this figure by 2022.
Bridewell is well placed to take advantage of the rapidly growing cyber security market which is projected to reach USD258 billion by 2025, with trends towards outsourced cyber consulting and managed security services providing an exciting backdrop for growth (worth USD46.4 billion alone). The company’s enterprise SOC and MDR services are positioned to scale at pace, leveraging a combination of cutting-edge technology, automation, integration, and deep cyber security expertise to deliver a highly responsive and compelling service.
GCP’s investment will support Bridewell’s ambitious plans to accelerate its end-to-end cyber security and managed security services and expand in the UK and internationally, both organically and through acquisition.
Anthony Young, Co-CEO, Bridewell Consulting, says: “Bridewell has been on a tremendous growth journey over the past eight years. We are now one of the UK’s largest independent providers of end-to-end cyber security services and have created a company that staff are proud to work for and customers are proud to work with. As we enter our next stage of growth, it’s critical we retain our culture and service excellence, which is exactly what the investment will enable us to do.”
Scott Nicholson, Co-CEO, Bridewell Consulting, says: “This is an exciting phase for Bridewell’s future, as we continue to evolve our services and expand the breadth, depth and quality across all areas. The relationship with GCP will enable us to scale effectively and continue to deliver enterprise cyber security services and tangible business value to our clients. GCP have a long-standing successful track record of supporting fast-growth technology services businesses. Their focus on partnership, sustainable ambitious growth, and people development fits perfectly with Bridewell’s culture and values.”
Richard Shaw, Partner, GCP, says: “The requirement for cyber security services is set for continued significant growth, with the risks and ever-changing threat landscape becoming an increasing Board level priority. Bridewell’s relentless focus on delivering expert solutions as a trusted advisor to its clients, its extensive accreditations, investment in people and pro-active managed security services approach, means that the business is ideally placed to continue its impressive growth trajectory both in the UK and overseas. We are delighted to be partnering with the Bridewell team and look forward to supporting their exciting growth plans.”
