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BGF-backed TiG Data Intelligence rebrands as Kocho
BGF portfolio company, TiG Data Intelligence, the UK-based provider of cyber security, identity, cloud transformation and managed services, has rebranded as Kocho, signalling a new era and strategy for the company.
The rebrand completes the integration of ThirdSpace, the Cardiff-based identity (ID) management and cyber security specialist, which has been operating under its own brand since it was acquired by TiG in March 2021.
TiG secured £6 million investment from BGF in 2018 to support the business’s growth strategy, providing a further £8 million of fudning in 2021 to support the acquisition of Third Space.
Kocho, the Japanese word for butterfly and a symbol of transformation, will focus on helping UK organisations tackle two often conflicted challenges; how to leverage best-in-class digital and cloud technologies to transform their business models, while ensuring their operations are defended against breaches and cyberattacks.
“I am thrilled to unveil the new Kocho brand and philosophy,” said Des Lekerman, CEO of Kocho, formerly TiG Data Intelligence and ThirdSpace. “Our mission is to help UK organisations accelerate their cloud transformation programmes to take advantage of new business opportunities, achieve efficiency gains, and support new ways of working.
Crucially, with our identity and cyber security capabilities, we ensure organisations always strike the right balance between innovation and security, allowing them to realise their potential, without fear of compromise.”
Founded in 2001, Kocho now has annual revenues of £33 million and employs a team of 220 at offices in London, Cardiff and Manilla. The company expects to more than double its revenues through a combination of organic growth and acquisition within the next five years and has plans to significantly grow its headcount, initially at its new Cardiff-based cyber security operations centre which provides managed security services for clients across several different industries, including in the financial, health, manufacturing and professional services sectors.
In its history, the company has been winners at the Microsoft Partner of the Year Awards on eight occasions. Kocho will build on this strategic relationship by offering a broad portfolio of secure transformation services built for Microsoft environments.
Kocho’s comprehensive range of consultancy and managed services comprises best-in-class cyber security, identity and access management and compliance services, coupled with cloud transformation and data analytics.
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