Quorum Cyber

In June 2024 the Maven VCTs completed a final exit from Quorum Cyber, which was originally sold to a mid-market Private Equity buyer in 2021, generating an initial return of 6.5x cost. Crucially, the Maven VCTs retained an economic interest in the Quorum business alongside the new owners and have realised this remaining holding following a strategic investment by Charlesbank Capital Partners, a US private equity firm. This transaction delivered an aggregate return of 8.2x for shareholders.

Headquartered in Edinburgh, one of the world’s leading centres for cyber security talent and innovation, Quorum provides professional and managed security services including a fully managed detect and response capability that enables clients to operate confidently in an increasingly hostile environment.

By the time of its sale, Quorum had achieved Microsoft Gold Partner status for security, increased both annual recurring revenues and headcount fourfold, entered the US market and made several key appointments including a Chairman and Finance Director.

High-profile cyber attacks, election security, as well as ongoing discussions around data privacy, ensure that cyber security continues to make the headlines. Quorum has capitalised on this trend to establish a reputation for offering customer-centric and highly flexible solutions across a range of sectors, using cutting edge software tools, alongside a highly credible and scalable technology platform as part of its partnership with Microsoft.