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Funding will be used to further develop cyber defence and security services听

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(鈥淢aven鈥�), one of the UK鈥檚 most active private equity houses, has invested 拢1.15 million in听CYSIAM, a cybersecurity business that provides advice, training, and managed services in cyber and secure technology systems.听CYSIAM听brings deep technical expertise, project delivery skills, and operational support experience to a diverse range of organisations across both government and the private sector. Founded three years ago,听CYSIAM听has rapidly expanded its capabilities to include international capacity building and cyber defence operations, up to and including a wraparound Managed Service for clients seeking a fully outsourced cybersecurity solution.

The Maven VCTs investment in听CYSIAM听is the first external capital raised by the company since its inception in 2019. The business has already built up an impressive portfolio, working with central government, public sector services, Big Four consultancy firms, and an ever-growing list of high profile private sector clients.

Of particular note,听CYSIAM听is a partner to KPMG in the delivery of the UK Foreign, Commonwealth and Development Office (FCDO) Digital Access Programme which aims to catalyse more inclusive, affordable, safe and secure digital access for excluded and underserved communities in Kenya, Nigeria, South Africa, Brazil and Indonesia.听CYSIAM听is also expanding its existing client base in the Legal and Financial Services sectors, supporting firms in the design, enhancement, and delivery of operational resilience strategies.
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Maven鈥檚 investment in听CYSIAM听will allow the team to further develop听CYSIAM鈥檚 services and brand awareness, with a specific focus to scale the Managed Services business whilst building on their more established core revenue streams.

The investment builds on Maven鈥檚 strong track record in the cybersecurity space, which includes investments such as Quorum Cyber and Symphonic Software, which Maven exited for a 6.5x and 2.9x return respectively. The sector is experiencing rapid growth as a result of prolific digitalisation across all sectors and a commensurate rise in cybercrime 鈥� a trend catalysed by the disruption and change to working patterns brought about by the pandemic.

Catrin Dilloway, Investment Manager at Maven said:听鈥淲e are delighted to be announcing this investment in听CYSIAM, a Company that has demonstrated its tremendous capability in an exciting marketplace, and that is already working with a diverse base of exceptionally high-quality clients. We have been impressed by the experience and expertise of the world-class team at听CYSIAM, the culture they have developed and the reputation they have in their sector. We look forward to partnering with them over the coming years to develop the company鈥檚 offerings and scale the business further.鈥澨�

Steve Lancaster, CEO of听CYSIAM听said:听鈥�Dave, James and I are delighted to have an experienced investor like Maven working alongside us.听 We founded听CYSIAM听three years ago and are extremely proud of the world class team that we have assembled so far; trust and integrity are the foundational values upon which we will always build.听With Maven鈥檚 support, we will continue to grow our reputation as the partner of choice, dedicated to protecting our clients鈥� success. From our Cyber Capacity Building work with international governments, to our Cyber Defence Operations projects delivering end-to-end managed security services, everyone at听CYSIAM听is passionate about making the digital world a safe, secure, and more prosperous place.鈥澨�