Quorum Cyber Sets Sights on North America
Quorum Cyber Sets Sights on North America
UK-based cybersecurity firm Quorum Cyber has announced its intention to focus on the North American market after achieving impressive year-over-year growth. The company was founded in 2016 and has grown organically to approximately 200 employees, serving over 150 customers across four continents. Quorum Cyber will debut into the U.S. market, showing its solutions at the RSA Conference April 26, in San Francisco.
Quorum Cyber aims to take organizations on a cybersecurity risk reduction journey to consistently reduce attack surfaces while proving a return on their investment. The company’s security solutions have proven tangible benefits, including a 75 percent decrease in total alerts, an under 2-minute response time for Priority 1 alerts, and a 94 percent reduction in the burden on cybersecurity teams to research and process hundreds of alerts per day.
“We are thrilled to expand our focus to the North American market after experiencing significant growth in other countries,” said Federico Charosky, founder and CEO of Quorum Cyber. “Leveraging our U.S.-based team, I am confident Quorum Cyber will deliver notable value to our North American prospects in the same manner we secure our existing customers in Europe, Australia, South Korea, the Middle East, and beyond.”
Impressive Year-Over-Year Growth
Quorum Cyber achieved year-over-year revenue growth of 95 percent from FY21 to FY22. The company’s notable revenue increase is partly attributed to its new or enhanced cyber security offerings, such as Managed Extended Detection & Response (XDR), Microsoft Sentinel Managed Detection & Response (MDR) service, recognition as a Microsoft-verified MXDR solution provider, and professional services offerings.
From December 2021 to December 2022, the company increased its customer base by approximately 70 percent to over 150, with a diversified base of public, private, and non-profit organizations throughout local and regional government, higher education, housing, legal, oil & gas, energy, construction, engineering and retail segments.