A London cybersecurity firm has relocated to Cardiff. Socura, which plans to grow its new operation to 10 staff over the next year, has taken space at the Cyber Innovation Hub at the 1 Central Square office building in the centre of the city.
The hub, which is at the heart of efforts to support and growth Wales’ cybersecurity sector, is being backed by the Cardiff Capital Region’s City Deal and the Welsh Government. The office will also be used by Socura’s sister company, Block Solutions, which has several Welsh employees.
The Welsh Government’s focus on cyber was a key factor behind the relocation, with no other UK cities considered. Cyber criminal gangs and ransomware groups are increasingly targeting critical infrastructure providers and some of the biggest industries in Wales – such as finance, healthcare, defence, manufacturing, and education. Socura offers a 24/7 threat detection and response managed service.
Chief executive of Socura Andy Kays. Socura is not receiving any direct Welsh Government funding for its relocation. Its chief executive Andy Kays said: “I was born and raised in Wales, but the decision to move our offices to Cardiff was based on merit, not sentiment,” said Andy Kays, Socura CEO. “Standing in our new office, it feels as though you are in the centre of the Welsh cybersecurity boom. The rise of remote working has made many workers and businesses reconsider the compulsion to relocate or commute to London. It has allowed areas like Cardiff to emerge as a hotbed for the UK cybersecurity sector.
“Cardiff is an amazing place to run a business, and its credentials as a tech hub rival any city in the UK,” JJo Stevens, Labaour MP for Cardiff Central, said “We are home to fantastic universities that produce extremely talented and high-skilled individuals. We also support our businesses to grow to their maximum potential, whether that’s in the UK or if they have global ambitions. The Cyber Innovation Hub is a fantastic example of this in action, and it has been a major success story since its launch.
Welsh Government Economy Minister Vaughan Gething said: “Our priority is to help businesses create new jobs in the industries of the future. Our clear focus on developing cyber security as key strength for Wales means we now boast world-class expertise in the sector, which is firmly at the forefront of our international economic ambitions.
“So I’m very pleased to welcome Socura to Cardiff. I’m delighted they were attracted here because of our growing cyber ecosystem. I’m confident they will play a key role in helping to break down barriers to markets, support homegrown talent and attract other key players to the region.”
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