Menu visibility control



Startup Surgery

Most Recent


InMyBag lands £300,000 from investors including onefinestay co-founder

Need to Know

What tech giants Siemens and Apple have planned for post-Brexit Britain


London-based Vantage Power closes £2.5m pre-Series A

Press Releases

Doctor Care Anywhere selected to join the Mayor of London’s International Business trade mission
Doctor Care Anywhere partners with Aetna International to make its virtual doctor service available 24 hours a day to international patients
Starling Bank unveils beta as it begins roll out to first customers

Cybersecurity firm ITC Secure Networking acquired for £24m


Cybersecurity firm ITC Secure Networking has been acquired by tech investment firm C5 Capital Limited for £24m.

The London-headquartered company, established in 1995, is expected to keep its entire management team following the deal.

This acquisition by C5 Capital comes after the firm, which focuses on cybersecurity, data and cloud computing sectors, invested in sensor company Metrasens and ID and access management technology provider Balabit.

Here’s what you need to know before pitching C5 Capital for funding

Tom Millar, CEO of ITC, spoke about the deal: “We met many other finance vehicles, but C5 as a specialist investor with deep understanding of cyber security, data and cloud computing sectors. Quite simply C5 added to our business in ways that others couldn’t. C5 Capital bring with them a wealth of experience, insight and a powerful network.

“They recognised the opportunity and momentum that ITC has. I have no doubt that C5’s involvement will help accelerate this momentum. Critically, given their know-how, they quickly recognised ITC’s ability and passion for delivering our customers best in class end-to-end enterprise security solutions and services. We look forward to working with them,” he added.

As part of the deal, ITC is also set to benefit from C5 Capital’s experience in the cybersecurity, data analytics and cloud computing fields.

Daniel Freeman, chief investment officer of C5 Capital, said: “We are delighted to have acquired ITC. We have been highly impressed by the company’s end-to-end security solutions and technology roadmap, as well as the trusted relationships they have built with a blue chip customer base. We are excited to partner with a great founder-led team to support the company’s next phase of growth.”

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...

Editor's picks


InMyBag lands £300,000 from investors including onefinestay co-founder
posted 11 hours ago


What tech giants Siemens and Apple have planned for post-Brexit Britain
posted 14 hours ago

161014 Vantage Power: Reading Buses, Live trial.

London-based Vantage Power closes £2.5m pre-Series A
posted 15 hours ago


Edinburgh-based Reactec closes £700,000 round led by Archangels
posted 17 hours ago


Edinburgh’s tech accelerator Seed Haus launches £300,000 investment fund
posted 21 hours ago

Bristol - South West of England

Top tech hubs in the South West of England
posted on March 27, 2017