13th September 2021
Private equity investor, CGE Partners, will bring significant resources to support SureCloud in its next phase of growth.
SureCloud, a leading provider of Governance, Risk, and Compliance (GRC) SaaS solutions and tech-enabled Cybersecurity and Risk Advisory services, today announced that it has secured an investment from private equity investor, CGE Partners (“CGE”).
CGE targets fast-growing tech-enabled businesses with a differentiated position and ambitious, proven management teams. CGE will support SureCloud in its next phase of growth amid the increasing volume and complexity of regulations and risks faced by organizations across all industries. CGE will bring significant resources to accelerate SureCloud’s impressive growth to date in new product development, international expansion, and targeted M&A.
This announcement comes at a pivotal time for SureCloud as it embarks on setting a new standard for purchasing GRC and Cyber Risk Management solutions with its capability-centric approach, which provides organizations with the process automation and expertise they need to deliver successful programs from inception to outcome.
CGE Partners commented: “SureCloud is a fast–growing, software-as-a-service business which has achieved an outstanding reputation for innovation and technical expertise. SureCloud’s platform is strongly positioned to capitalize on significant market growth as organizations seek to manage the ever-increasing wave of regulation, IT, and cyber risks. We expect to achieve this through a combination of organic growth and acquisitions and look forward to working with the SureCloud management team.”
Richard Hibbert, CEO and Co-founder of SureCloud, commented: “We are thrilled to partner with CGE as we continue to build on our offerings and geographic reach. We believe our capability-centric approach to GRC and Cyber Risk Management will have a game-changing impact on the industry. It’s always been our mission to not only serve clients but to continuously innovate on their behalf, and this investment will help us continue to do exactly that.”
Marks Baughan acted as the financial adviser to SureCloud.
SureCloud is a leading provider of Gartner-recognized Governance, Risk, and Compliance (GRC) SaaS solutions and tech-enabled Cybersecurity and Risk Advisory services, all underpinned by a single proprietary cloud-based platform. Integrating software with expertise, SureCloud provides the GRC and Cyber Risk Management capabilities organizations need to deliver successful programs from inception to outcome while aligning with industry-recognized risk and compliance frameworks.
CGE Partners launched its €440m European mid-market buyout fund in 2019. CGE targets purposeful businesses with a differentiated position and real ambition to grow. Through its sector-focused investment strategy, CGE seeks to back companies with an enterprise value of up to €200m, and with ambitious, proven management teams.