The company, which supplies award winning services and software to a wide range of companies across the UK and Europe, including the UK government, is the latest business to benefit from the funding scheme to help businesses located in parts of Hampshire and Surrey grow.
ThinkingSafe addresses security issues through its advanced technology platforms to provide on-site and cloud-based systems for various sectors including healthcare, commercial, government, defence, security and policing.
An experienced team of information security specialists and post-doctoral researchers at ThinkingSafe has created a range of products and services to enable secure information sharing and collaboration, compliance archives, disaster recovery and cloud backup while giving protection from malicious cyber security threats, human error and natural disasters.
ThinkingSafe also offers a secure deployed cloud to connect people, devices and other equipment. This means secure collaborative working can be carried out across organisations, even in environments where communications are highly constrained, and gives the ability to use third-party systems across multiple locations.
The Enterprise M3 Expansion Loan, part of the Enterprise M3 Funding Escalator, will be used to explore new markets, expand sales and marketing activity and recruit new staff. It is expecting to triple employee numbers over the next two years.
Julian Dean, ThinkingSafe Founder and Chief Technical Officer, said: “Our deployed cloud framework offers technology vendors, working within security sensitive markets, the ability to deliver cost-effective new solutions more rapidly, by providing the cyber security and business continuity capabilities.
“As a government approved cyber security supplier which is working with a number of government departments, we continue to deliver ground-breaking research in collaboration with other world-leading experts, with the support of Innovate UK and the MOD’s Defence Science and Technology Laboratory.”
Derek Ellis, Fund Manager at The FSE Group, which manages the Enterprise M3 Expansion Loan Scheme, commented: “With growing public concern about cyber security and reported breaches in areas of national security, ThinkingSafe’s ability to offer secure deployed cloud with security hardened cloud appliances, integrated with third-party products, is creating exciting opportunities for the UK’s security industry, at the upper end of the cyber security market. We are looking forward to supporting the company to expand into new markets, at home and overseas.”
The Enterprise M3 Funding Escalator is a £5.5m initiative funded by Enterprise M3 Local Enterprise Partnership. It includes a growth equity fund and provides eligible companies with loans and equity funding of £50,000 to £200,000 for activities delivering high-growth and employment opportunities.
For more information about the Enterprise M3 Funding Escalator please visit http://www.thefsegroup.com/enterprise-m3-funding-escalator or contact Derek Ellis at email@example.com tel: 01276 607302.