Leeds-based Precursor Technology Group is set to expand after securing a vital investment, paving the way for job creation.
The company has opened a new office in Newcastle and is continuing its growth trajectory in the cyber security sector.
Investment Driving Expansion
Precursor Technology Group, a proactive force in the cyber security sector, has secured a significant financial investment to fuel its expansion initiatives. The Leeds-founded firm recently branched out with a new Newcastle office, enhancing its operational footprint. This move underscores Precursor’s ambition to harness local talent and boost its workforce, starting with the creation of 10 new jobs.
Innovative Security Solutions
The company’s core offerings revolve around providing robust security solutions tailored to its clients’ needs. These services include 24/7 managed defence and response operations, featuring cloud security, security testing, and compliance services. The firm’s cutting-edge techniques in incident response and penetration testing are instrumental in fortifying businesses against cyber threats.
The opening of the new Security Operations Centre in Newcastle has positioned Precursor as a pivotal player in the region’s tech ecosystem. Its around-the-clock service is a key component, ensuring businesses are shielded against potential cyber attacks at any hour.
Strategic Financial Backing
The North East Fund’s decision to invest a six-figure sum is a testament to Precursor’s growth potential.
The venture support, facilitated by NEL Fund Managers and introduced by Precursor’s chairman Neil Stephenson, is intricately linked with the company’s strategic goals. These funds are earmarked for advancing the firm’s technical capabilities and supporting client demands.
Moreover, this financial injection will enable Precursor to integrate advanced detection and monitoring systems, thereby enhancing its service offerings. This marks a significant step in strengthening its operational excellence and service delivery.
Job Creation and Local Impact
The investment is not only pivotal for Precursor’s expansion but also for regional economic development. The company anticipates the creation of eight additional roles by the end of the year. This expansion is set to bolster the team’s expertise, growing its talent pool to 18 personnel.
Having a base in Newcastle was strategically planned, harnessing the local talent pool and resources. The regional impact of this initiative extends beyond job creation, contributing to the local economy’s vibrancy.
Accreditation and Industry Standards
Precursor’s dedication to maintaining high industry standards is reflected in its recent accreditation by CREST.
This certification from the Council of Registered Ethical Security Testers demonstrates the company’s commitment to ethical security practices and positions it as a trusted entity in the cyber security space.
Such credentials not only validate Precursor’s technical proficiency but also assure clients of their commitment to maintaining industry-best practices. This alignment with high ethical and operational standards is critical in today’s security-conscious business environment.
Leadership and Vision
CEO Scott Cardow expressed satisfaction with the firm’s strategic direction, acknowledging the North East’s talent as a key driver for establishing the Newcastle base.
Cardow emphasised the organisation’s proactive strategy in cyber security management, highlighting the importance of a vigilant approach for businesses of all sizes.
The partnership with NEL Fund Managers is seen as a crucial enabler, offering flexible investment options conducive to Precursor’s ambitious expansion plans.
Looking Ahead
The future for Precursor seems promising with strategic investments paving the way for continued growth. Transformative plans are in place to enhance their security operations further, ensuring they remain at the forefront of technology and service delivery in cyber security.
The investment marks a pivotal moment for Precursor, leading to regional benefits and enhanced security offerings.
As the company evolves, its focus remains on providing high-quality security solutions and expanding its expert team.
