HOUSTON — U.K. cybersecurity services company, Bridewell Consulting, announced its expansion into the $58 billion U.S. cybersecurity market following a multimillion-dollar investment from Growth Capital Partners last year. Specialists in securing organizations in complex and highly regulated sectors, such as critical national infrastructure and finance, the company seeks to help U.S. organizations reduce risk and build cyber resilience amid rising cyber threats.
With an office strategically located in Houston’s energy corridor in Texas, the move enables Bridewell to better serve the needs of its existing client base in the U.S. It will also enable Bridewell to secure new clients in the region and provide a springboard for further growth across North America in a marked effort to become a globally recognized cybersecurity services firm.
The move comes at a significant time for critical national infrastructure security in the U.S., with growing concerns over ransomware attacks on banks and hospitals and mounting pressure to improve cybersecurity from government.
Under the new Computer-Security Incident Notification Final Rule, U.S. banks must report any “significant” cybersecurity incident within 36 hours of discovery.
“We’re at a crucial stage when it comes to critical national infrastructure security,” said Scott Nicholson, Co-CEO of Bridewell. “Threats from nation states are rising, and innovative methods of cyberattacks are significantly outpacing regulation, policy, and strategies. Bridewell’s success in delivering flagship security transformation projects in the U.K., combined with our industry-leading expertise in both IT and OT security and our Microsoft Gold Partner status, means that we are uniquely placed to help North American organizations develop robust and resilient cybersecurity solutions at this critical time.”
According to recently released U.K. government data, the U.K. cybersecurity sector attracted record investments in 2021, with over 1 billion euros raised — a rise of 14% compared to the previous period. Bridewell itself experienced a record year of growth, with a 156% increase in headcount and 50% growth in revenue driven by a combination of factors, including increased demand for managed detection and response (MDR), the shift in working models, and increased appetite for cybersecurity transformation.
“The U.S. has always been a key growth market for us, both in terms of our existing client base and the broader market opportunity,” said Anthony Young, Co-CEO of Bridewell. “We’ve had a phenomenal couple of years in the U.K., but our plan has always been to expand where there is a great need, with the evolving U.S. market ripe for managed security services.”