A venture capital fund advised by former British and U.S. intelligence officials is planning a string of acquisitions to create a pan-European cyber security specialist.
C5 Capital aims to create a regional managed security service leader combining the latest cloud-based cyber defenses, high levels of automation and local regulatory knowledge, two of the fund’s partners said in joint phone interview on Thursday.
“We have a pipeline of six to eight acquisitions we plan to do across Europe,” C5 Chairman and partner Andre Pienaar, a former head of risk management firm Kroll’s African and Natural Resources business, told Reuters.
C5 is advised by a strategy board including the recent heads of GCHQ and British Special Forces, the former chairman of the U.S. Joint Chiefs of Staff and a former top NSA official.
Its strategy is to build the business around ITC Secure Networking, which C5 acquired for 24 million pounds ($34 million) in 2016.
ITC offers a security operations center platform for delivering managed security services to companies big and small. C5 is tapping its 100 million pound fund to expand ITC, but also said it has access to larger pools of capital…
