Following an investment of six-figures from Mercia Asset Management, part of the Northern Powerhouse Investment Fund (NPIF), Boxphish is set to expand across organisations in Europe and the Middle East, alongside increasing their UK reach throughout 2023.
Currently supplying cyber security training to over 400,000 users in organisations such as Cambridge University, Pretty Little Thing and Police Scotland, the Boxphish offering has proven itself time and time again at protecting some of the biggest names from cyber-attacks.
The investment from Mercia will allow the Boxphish product to develop, with an aim of doubling the user count by the end of 2023. More faces will also be brought in to facilitate this increased demand, with new hires planned for customer operations, success and product teams.
This will enable the Boxphish brand to continue to develop and provide world-leading cyber security training to organisations across the globe.
David Wright of Mercia said: “Boxphish provides a cost-effective weapon in the corporate battle against cybercrime. The company has been growing rapidly on the back of strong demand and the loan will help it focus on growing sales in specific export markets.”