Haven Cyber Technologies Group secures EUR5.7m investment from C5 Capital

News provided by Private Equity Wire –

Haven Cyber Technologies Group (Haven Group), has secured a further investment of EUR5.7 million from C5 Capital, A specialist investment firm investing in the secure data ecosystem. 

In addition, the Haven Group announced Andrew Miller had been appointed as Group Chief Financial Officer, and James Armstrong had been appointed Finance Director of ITC Secure, one of Haven Group’s operating companies, to lead the next phase of growth.

Haven Group is a European focused pure play cybersecurity provider. Its operating companies, ITC Secure and Onevinn, provide enterprises with leading cybersecurity services and products. C5 Capital’s investment will support the Haven Group’s organic growth as it focuses on enhancing its solutions, products and consulting competencies to achieve its objective of being a premier European Managed Security Service Provider (MSSP).
 
Miller will support the Haven growth plan by leading financial planning, reporting and risk management across the Haven Group. Based in ITC Secure’s London office Andrew brings more than 20 years’ experience in finance and operational roles in the technology sector, with extensive corporate and commercial expertise in the US, UK, Europe, Australasia and South America. He joins the Group from Corero Network Security plc, an AIM-listed cybersecurity business, where he was Chief Finance Officer and Chief Operating Officer. He has also held senior roles at Datatec, where he led the acquisition and integration strategy of 15 global cybersecurity businesses into the Logicalis Group, Standard Bank, WestLB and Coopers & Lybrand.

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The Haven Group has secured €5.7m in new investment to fuel growth across Europe

News Provided by FinTech Global –

Cybersecurity investor C5 Capital has added €5.7m to the Haven Cyber Technologies Group’s war chest in a new investment aimed to drive further expansion of the company.

Haven Group is the European focused pure play cybersecurity provider behind ITC Secure and Onevinn. It will use the new influx of capital to developing its solution and to fuel its growth across Europe.

The investment comes as the Haven Group has noticed a growing demand for cybersecurity services as the digital threat level has spiked during the Covid-19 crisis.

“The Covid-19 pandemic has demonstrated more clearly than ever the importance of having robust cybersecurity in place,” said Mick Davis, board member of Haven Group. “Many organisations do not have the in-house expertise to manage this issue; through Haven Group they can access a broad range of sophisticated services and solutions to protect against the significant threat of cyberattacks to their businesses. This investment from C5 Capital and the addition of Andrew and James further strengthens the strong team to deliver on the Haven Group growth plans.”

Andre Pienaar, founder and managing partner of C5 Capital, added: “There is a clear market opportunity for the Haven Group. It has already seen strong organic growth over the last year and, with this additional investment and bolstered management team, we’re confident that the Group will continue to unlock this potential.”

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