Right this moment, I-TRACING and Bridewell, have introduced a strategic partnership to create a strategic partnership to create the main impartial European cyber safety providers supplier. The partnership is backed by the founders and managing companions of I-TRACING—Theodore Vrangos, Michel Vujicic, and Laurent Besset—together with co-control traders Oakley Capital and Eurazeo, and Anthony Younger, Bridewell’s founder, supported by the administration groups of each corporations. Sagard NewGen can even reinvest within the transaction. The deal is topic to regulatory clearances.
This alliance unites market leaders from two of Europe’s largest economies, establishing a cyber safety powerhouse to guard enterprise and mid-market shoppers globally amid escalating cyber threats.
Each I-TRACING and Bridewell prioritise high-quality service, buyer satisfaction, and technical experience. Their shared imaginative and prescient is to construct a premier European cyber safety agency with native experience and accreditations whereas offering entry to a worldwide community.
Based in Paris in 2005, I-TRACING is France’s main managed cyber safety providers supplier (MSSP), providing end-to-end safety options to blue-chip shoppers. Its differentiated method features a 24/7 safety operations centre (SOC) and a global ‘follow-the-sun’ mannequin. Working in France, Canada, Hong Kong, Malaysia, China, and Switzerland, I-TRACING employs over 700 cyber safety professionals worldwide.
Bridewell, established in Studying in 2013, has grown quickly into the UK’s main impartial cyber safety agency. It delivers managed {and professional} cyber safety providers throughout Info Expertise (IT) and Operational Expertise (OT) environments, protecting structure and design, governance, threat and compliance, absolutely managed SOC, penetration testing, and information privateness. Bridewell specialises in securing Vital Nationwide Infrastructure (CNI) and complicated enterprises. With operations within the UK and USA, it employs over 300 professionals globally.
Below shared possession, the mixed entity will develop into Europe’s main pure-play cyber safety providers group, accelerating growth throughout Europe and the USA and attracting prime cyber safety expertise. The corporations will leverage Oakley Capital, Eurazeo, and Sagard’s world networks, business experience, and monetary backing to execute development methods, together with additional M&A exercise.
The partnership provides alternatives for enhanced collaboration, reminiscent of worldwide mobility for consultants, increasing providers to Fortune 500 shoppers, integrating I-TRACING’s ‘follow-the-sun’ MSSP mannequin, sharing Bridewell’s experience in CNI safety, Menace Intelligence, and OT, creating AI safety options, and scaling operations in North America and Asia.
GCP invested in Bridewell in March 2021 by way of a minority partnership to assist its management group, together with Anthony Younger and Scott Nicholson, in executing bold development plans. GCP’s sector experience and strategic method have enabled Bridewell to boost management, expertise acquisition, techniques, and processes whereas refining its go-to-market technique, creating proprietary expertise, driving M&A, and increasing into the USA.
Bridewell Founder and CEO Anthony Younger mentioned: “Bridewell has had unbelievable development over the past 12 years to develop into a pacesetter within the UK cyber safety market and we are actually all actually enthusiastic about rising internationally and having the ability to assist extra corporations all over the world at a time of elevated worldwide tensions. I-TRACING and Bridewell, as clear leaders of their markets, backed by the ambitions of Oakley Capital, Eurazeo and Sagard, will guarantee we’re in a position to defend extra organisations and create a transparent chief within the cyber safety area. I’d additionally wish to thank GCP for his or her invaluable assist over the past 4 years. They understood our enterprise, and their concentrate on partnership, sustainable bold development and folks improvement has aligned completely with our tradition as we scaled.”
Ravi Monteiro, Companion, GCP, mentioned: “The expansion of Bridewell over the previous 4 years has been distinctive. It has been a pleasure working with Anthony, Scott, Ruth, Martin, Ben and all of the Bridewell group as they continued to construct a unbelievable enterprise with an unbelievable tradition of going above and past for workers and clients alike. We’re proud to have supported Bridewell in turning into one of many UK’s main cyber safety providers companies, nicely set for continued development.”
Richard Shaw, Companion, GCP, added: “We thank all of the Bridewell group for his or her excellent efficiency and are delighted to have been in a position to work in partnership to assist the enterprise with our vary of strategic development initiatives tailor-made to quick development data economic system companies. Becoming a member of forces with I-TRACING will now allow Bridewell to take its main cyber safety providers proposition to the world stage and we want the mixed group the perfect of future success.”
Theodore-Michel Vrangos, Co-Founder and President, I-TRACING mentioned: “It’s a nice honour to welcome Anthony into our partnership. Bridewell in addition to I-TRACING are big success tales. We’re sharing frequent human values, not solely skilled but additionally private, and all of us have this super ambition of constructing the primary cyber safety impartial providers group on the planet.”
Peter Dubens, Co-Founder and Managing Companion, Oakley Capital mentioned: “Cyber safety providers has been a sector we now have been targeted on for a few years, on account of its enticing, long-term elementary development drivers. We’re subsequently happy to now have this chance to deliver collectively Bridewell with our present companions I-Tracing, to create this main, premium, pure-play cyber safety providers platform. We’re trying ahead to working alongside Theodore and Anthony for this subsequent part of their improvement.”
Pierre Meignen, Companion, Head of Eurazeo Small-Mid Buyout mentioned: “Eurazeo has constructed a robust partnership with the I-TRACING group over the previous 4 years, and supported the group in its journey to kind a European cyber safety pure-player. We consider I-TRACING and Bridewell share a really appropriate DNA as main cyber safety consulting and MSSPs of their respective international locations. With this transaction, we’re very proud to develop into a reference shareholder of the main impartial European cyber safety pure participant. We’re completely happy to welcome Bridewell’s founder and administration and sit up for the subsequent chapter.”
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