QUADRANT GROWTH FUND PARTNERS WITH LEADING NEW ZEALAND CYBER SECURITY SPECIALISTS
QUANTUM SECURITY SERVICES, ZX SECURITY, AND HELIX SECURITY SERVICES
• Three leading cyber security specialist providers to over 200 enterprise and government customers
• Quantum, ZX, and Helix have collectively grown revenue by more than 35% p.a. over the last three years, and are an employer of choice for more than 120 staff
• The partnership will accelerate Quantum, ZX, and Helix’s investment in their team, and facilitate expansion into new service offerings and new geographies
• The Group will continue its unwavering focus on helping organisations enhance their cyber security posture
Quadrant Growth Fund No. 2 (“Quadrant”) has partnered with leading New Zealand cyber security specialist providers Quantum Security Services (“Quantum”), ZX Security (“ZX”), and Helix Security Services (“Helix”).
Quantum, ZX, and Helix (together, “the Group”) have a strong reputation in the New Zealand market for their specialist cyber security competencies spanning governance, risk and compliance, penetration testing, cloud security, and cyberstrategy advisory services. Each company’s deep expertise has attracted
interest from both major domestic and international customers. Quadrant is investing alongside the founders and management teams in each of the three businesses. Together, the Group has over 120 team members with market leading capabilities and experience. Quadrant will partner with Eugene Gibney, Simon Howard, Ian White, and Sam Andrewsto help accelerate
investment in their teams and expand into new service offerings and geographies, both organically and via acquisitions.
The need for specialised cyber security services continues to grow in an increasingly digital age. The number and complexity of cyber threats are on the rise as seen by the increasing frequency of high profile data breaches in both New Zealand and Australia. According to CERT NZ, New Zealand’s government authority on cyber security, the number of incidents has increased almost eight-fold between 2017 and 2021.
Founder of Quantum Security Services, Eugene Gibney said:
“Partnering with ZX, Helix, and Quadrant will help accelerate talent acquisition and combine each other’s respective strengthsto create a culturally aligned leading cybersecurity specialist group with an expanded service offering, capable of helping more customers uplift their cyber security maturity.”
Founder of ZX Security, Simon Howard said:
“We are already receiving inbound interest from domestic and international customers based on our technical capabilities and this partnership means we can continue to grow throughout New Zealand, Australia, and other international markets.”
CEO of ZX Security, Ian White said:
"This is an extremely exciting time for our businesses and teams. Our clients are asking if we can provide managed security services, digital forensics and incident response, and now we can explore broadening our offering to address our customers’ needs.”
Founder of Helix Security Services, Sam Andrews said:
"This partnership marks the start of a new chapter of growth not only for the business but also the team as it will open up new career development opportunities as we grow.”
Managing Partner of Quadrant, Simon Pither said:
“We are attracted to Quantum, ZX, and Helix given their highly reputable position in market for having the strongest talent and deepest specialty knowledge.”
Investment Director of Quadrant, Louise Haslehurst said:
“Quantum, ZX, and Helix are leaders in their field. We are excited to partner with the founders and their teams to unlock further growth both organically and via acquisitions.”
Quadrant’s Managing Partner Simon Pither and Investment Director Louise Haslehurst will be joining the group’s Board of Directors.
Quadrant’s investment in the Group will be the fifth investment from the $530 million Quadrant Growth Fund No.2.
Quadrant was advised by PwC, Bell Gully, and OC&C.
Writen by Global Administrator, 08/12/2022 News