Chess makes move for Lincoln cyber security firm
Lincoln-based cyber-security-as-a-service (CSaaS) firm Cyberlab Consulting has been sold to technology provider Chess for an undisclosed sum.
The deal will see Chess add Cyberlab’s CSaaS portal as a new service to clients.
Chess employs more than 300 people across the UK and supports more than 1,000 companies and government departments. Its expanded capabilities now cover a wide range of services, including testing, assessment, discovery, consultancy, delivery and hardening.
Ryan Bradbury, founder of Cyberlab, has joined Chess’s team as part of the deal, taking on the role of CTO.
He said: “We’re delighted to be adding something new, which fits perfectly into Chess’ existing incredible portfolio. There is huge potential for our portal and the backing of such a big player like Chess will help us to meet our ambitions for the Cyberlab brand.”
Michael Squirrell, partner at Shakespeare Martineau, who advised founders Ryan and Jessica Bradbury on the sale of Cyberlab, said: “There are clear synergies between the businesses and obvious wins from their union. We’re very happy to have supported Ryan and Jessica on the sale.”
The Shakespeare Martineau team also included corporate associate Ashley Taylor, corporate solicitor Nana Maisuradze, intellectual property partner Kerry Russell, and employment expert Oscar Ciaurro.
Antony Voakes and Amy Weston at Wright Vigar advised on tax and financial matters. Chess was represented by Nimbus Legal and Vector Tax Consultancy.