EY sponsors/contributes to FT Cyber Security Summit

28 August 2014 Consultancy.uk

Next week, on September 3, Financial Times (FT) will organise the FT Cyber Security Summit in London. During the event, attendees and speakers will discuss the latest trends in the field of cyber security, exchange ideas and develop strategies to fight cybercrime. Among the attendees are policymakers, professionals from public and private sector organisations, regulators and service providers. Speakers include, among others, experts from the UN, NATO, European Commission, Barclays, ING Bank, Vodafone and FT. Consulting firm EY is one of the sponsors of the summit and in addition two EY partners will contribute to the summit.

In the world we live in today, a world that is internet-connected, cyber security is becoming increasingly important. More and more information is uploaded and stored online, often information that is sensitive and should be kept out of the hands of the wrong people. Every day, Hackers, digital terrorists and other cyber criminals cause severe damage to individuals, businesses and governments, damage that produces significant costs. To fight this cybercrime, people from different segments, e.g. policy makers, business leaders and IT security specialists, should work together, both nationally as internationally, to develop effective measures to fight and manage these cyber threats.

FT Cyber Security Summit

FT Cyber Security Summit
To help people from these different segments understand the latest trends in cyber security and to work together on new ideas, FT organises the Cyber Security Summit on September 3, 2014, in London. This event has the goal to develop resilient and collaborative strategies in a digital world, through the exchange of ideas and discussions.  The event brings together people from different backgrounds, ranging from public sector officials, business executives and cyber security experts, to talk about current and emerging cyber threats and to discuss policies and strategies to combat these threats. Speakers at the summit also come from various backgrounds, among others, from the United Nations Office for Disaster Risk Reduction (UNISDR), NATO, European Commission, International Cyber Security Protection Alliance, European Banking Authority (EBA), Vodafone, ING Bank and FT.

EY

Global accounting and consulting firm EY is one of the sponsors of the event and will also provide a substantial contribution to the summit. An overview:

Mark Brown

Executive Director, Cyber Security & Resilience EY, will provide the panel framing presentation ‘Winning the support of the board and executive management’.

Steve Holt - Mark Brown - EY

Steve Holt

Partner, Cyber Security Financial Services EY, will take part in the panel discussion: ‘Winning the support of the board and executive management’.

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Grant Thornton advises on deal for high-growth cloud hosting firm

08 April 2019 Consultancy.uk

Grant Thornton’s North West Corporate Finance team has completed its first TMT deal of 2019. The professional services firm advised the shareholders of Hosted Desktop UK on their investment from specialist SME lender Beechbrook Capital.

Technological disruption and changing consumer behaviour have continued to affect top Technology, Media & Telecommunications (TMT) players in recent years. The industry has seen revenues border on stagnation over the past decade, at 0.4% annual growth since 2008. While the industry is keen to develop new digital services and models to meet market challenges, they face a range of barriers – meaning the recruiting of talent specialising in innovative software and technology has become a key goal for the industry.

Amid this, Hosted Desktop UK (HDUK) provides cloud computing services to small and medium sized businesses across the UK. The firm’s cloud solutions provide businesses with IT reliability, flexibility, value for money and business continuity. As the firm bids to grow in the UK, with demand for its disruptive technologies high, HDUK has secured a key investment from specialist SME lender Beechbrook Capital.

Grant Thornton advises on deal for high-growth cloud hosting firm

The transaction was Beechbrook Capital’s maiden deal from its latest UK SME credit fund, which supports small and medium-sized businesses in the UK with EBITDA of £1 million and above. Manchester law firms Pannone Corporate (sell-side advice, led by Mark Winthorpe) and DWF LLP (buy-side advice, led by Jonathan Robinson) also advised on the deal, while Grant Thornton’s North West Corporate Finance team advised HDUK’s shareholders.

The deal represents the Grant Thornton branch’s first TMT deal of 2019, with a team comprised of Partner and Head of Corporate Finance Peter Terry, Manager Daniel Brecker and Assistant Manager Cariad Mudford advising HDUK shareholders on the investment. It is the third key deal in the TMT sector that the GT North team has advised on in the last 18 months, following the £16.5 million sale of Salford-based Sonassi to Iomart in December 2017 and NorthEdge Capital’s investment in Yorkshire company iPortalis in August 2018.

Grant Thornton’s Peter Terry said of the news, “As our domestic and working lives become ever-more technology dependent, it’s no surprise that there continues to be strong investor interest in any asset in the cloud computing, data infrastructure and connectivity space… We were pleased to work with Beechbrook Capital on the first deal in its new fund. It shows that despite the well-documented uncertainties in the economy there are still good funding options for dynamic SMEs and their management teams.”