Redsquid steers towards £27m goal following Cyberseer buyout

The newly bought company’s co-founder will join as chief security officer following the acquisition

UK-based MSP Redsquid has purchased Cyberseer to boost its cybersecurity operations.

Founded in 2014, the freshy acquired company’s mission is to use machine learning, behavioural analytics, and human insight to outsmart cybercriminals.

Redsquid claims this acquisition makes it the only MSP to offer a fully integrated SOC, as well as 24/7 MDR capability powered by ASPECT, Cyberseer’s proprietary automation platform.

ASPECT connects to security technologies such as Darktrace, Exabeam, Google SecOps, Microsoft Sentinel, Defender, and CrowdStrike via API integration.

Adrian Hunt, co-founder and director of Cyberseer, will join Redsquid as chief security officer (CSO).

The buyout adds 14 people to Redsquid’s headcount, bringing it to 120 in total.

Post-deal, Redsquid will be expanding its development team to maintain and enhance its proprietary IP.

“This is a transformation that changes everything,” said Sohin Raithatha, CEO of Redsquid.

“No other UK MSSP unites IT, cloud, and cybersecurity capabilities with a proprietary 24/7 MDR platform and does so as a certified B Corp and cyber essentials governing body.

“Our mission is to give UK organisations complete confidence in their technology, knowing every layer is monitored, protected, and managed by a partner committed to both performance and purpose.”

Garath Lauder, co-founder and director of Cyberseer, added: “Our SOC and ASPECT platform were built to give customers visibility and confidence in their cybersecurity.

“With Redsquid, we can take that vision further, integrating advanced detection and response with best-in-class managed IT and cloud.”

This marks the fifth investment made by the MSP this year.

April was a busy month for the organisation, as it bought out MSP Computer Security Technology (CST) in London, as well as Surrey-based telecoms company Penstone Communications, and services provider Itek Systems Management in Scotland.

In September, it purchased RedMosquito, adding 20 new members to its team.

This comes as Raithatha recently told CRN he planned to complete two more acquisitions by year end, leaving room for one more.

He also explained that following “bang on” organic growth last year, Redsquid expects to reach £27m in FY25, thanks to its recent takeovers.