SME market move for cyber security firm

SME market move for cyber security firm

Increasing demand for cyber security is supporting both jobs and growth at Lancashire’s Secure Information Assurance (S-IA).

The Ribchester business is targeting £3m turnover within three years by rolling out its IT protection services to the SME market.

S-IA has long term contracts in place to protect key Government departments from the growing threat of digital hackers, criminals, terrorists and viruses. HMRC, the Ministry of Defence and The Treasury all use S-IA technology. 

The firm has now secured £500,000 of venture capital investment from the North West Fund for Digital & Creative, managed by AXM Venture Capital, and has used some of this funding to develop a new product for SME’s sold on a fixed subscription model.

The Government actively encourages cyber protection and offers grants of up to £5,000 for small firms to stiffen up their security arrangements as part of a national policy to tackle the cyber threat to the United Kingdom.

Martin Knapp, managing director of S-IA, said: “Too many SME’s are vulnerable to data theft, identity theft and disruptive viruses. We’re taking our experience in defending some of the most sensitive areas in Government and rolling it out to SMEs.

“We’re confident that now is the time for us to use our expertise to help small and medium sized businesses benefit from the same types of protection used by large, complex organisations. 

“We’re on a mission to make the digital perimeter of small businesses impenetrable with Cyber Defence.”

In 2013 Martin Knapp and co-director Steve Jewell led a buyout of Secure IA from New York-based Mycroft Talisen Inc, backed by investor Steve Hibbert.