Newbury, Berkshire, UK – June 2017
Key funding and a series of senior appointments are announced today, as part of a sustained growth strategy for iCyber-Security Group (iCS).
A significant loan facility has been secured from Thames Valley Berkshire Expansion Loan Scheme, managed by The FSE Group which provides tailored funding solutions and support for ambitious and innovative small and medium enterprises (SMEs).
Marco Essomba, Executive Chairman, Chief Technical Officer (CTO) and Founder of iCS, says: “This is a significant time in the growth of iCS with a host of senior additions to the management team and new funding available. Cyber security could not be any more high profile, both at a national and local level in the UK. Boardrooms across the globe are wrestling with how best to protect themselves from cyber attack and to mitigate their risk.
“iCS is enjoying sustained growth and is quickly establishing a reputation for being one of the leading cyber security consultancies in the country. These new appointments will ensure we create new strategic partnerships, provide enhanced customer service and fuel our growth into Europe and beyond.”
Additionally, Mark Sipe, Commercial Director and Pete Bate, Senior Business Development Executive, have been added to the sales team, tasked with business development in sectors including: automotive, pharmaceutical, financial services, petrochemical, local government and retail.
Norman Frankel is a vastly experienced CEO following a career with NatWest and Logica before founding Mi-Pay plc, an international payments and mobile commerce company.
Richard Ainsworth-Morris previously worked in a senior finance role at HSBC Private Clients Switzerland and prior to that has also held CFO roles at NASA International Inc, a hi-tech telecom and gaming business which floated on LSE at a value of US$4 billion. Richard also joins us with considerable fundraising experience, having raised US$5 million for Saturn IQ plc along with a Nasdaq listing.
Mark Sipe brings 15 years of experience in the tech industry with a major focus in the network and application security space. Previously Mark was EMEA Channel Manager for jetNEXUS and head of EMEA Sales Operations for Riverbed Technology.
Pete Bate brings 20 years sales experience in the tech industry having worked with security vendors, resellers and system integration businesses such as Fujitsu.
Note to Editors:
iCyber-Security Group shields and supports a company’s entire IT eco-system from cyber attack and creates safer, better and faster digital worlds. www.icyber-security.com
The TVB Expansion Loan Scheme is part of the TVB Funding Escalator, a £8.3m initiative funded by Thames Valley Berkshire Local Enterprise Partnership. The escalator, which also includes a Commercialisation Loan Scheme, an Expansion Loan Scheme, a Trade Finance Loan Scheme and a Growth Equity Fund, provides eligible companies with loans and equity funding between £25,000 and £250,000 for activities that will deliver high-growth and employment opportunities.
FSE C.I.C. is an independent Community Interest Company (C.I.C.) whereby surpluses are reinvested in the business, rather than being driven by the need to maximise profit for shareholders and owners. FSE C.I.C. has a number of subsidiary companies to deliver its funds and services, which are collectively referred to as The FSE Group.