New chairman at Edinburgh cyber security firm Adarma hailed as 'huge coup'
The former boss of global engineering group Altran has been named as chairman of Edinburgh-based cyber security business Adarma.
In his role at Altran, Dominique Cerutti oversaw the firm’s transformation into a £3 billion revenue business and led the company’s merger with consulting specialist Capgemini, in 2019.
He has first-hand experience when it comes to cyber attacks, with Altran falling victim to a ransomware attack affecting its entire European operations at the start of 2019.
Adarma, which also has an office in London, is among the fastest-growing cyber security companies in the UK.
Following a management buyout backed by mid-market private equity house Livingbridge in May 2019, the firm saw a record financial year, with revenues rising 27 per cent to £41 million – the seventh consecutive year of double-digit growth.
Cerutti said: “Cybersecurity is a fundamental priority for today’s organisations and threats are evolving at lightning speed. There remains a sense of complacency among boards when it comes to security, but I have seen first-hand the devastating circumstances that businesses can put themselves in by failing to give their cyber security posture the attention it deserves.
“As the cybersecurity market has grown, it has largely divided players into two areas – large conglomerates that have looked to take advantage of the growth, and more niche independents that were born in cyber. In my view, it is the latter that provide the real expertise, and Adarma fits that category perfectly.”
The high-level appointment comes as the capital firm continues to strengthen its senior leadership team and prime itself for further growth, having appointed ex-Cisco global vice president John Maynard as its new chief executive in November last year.
Matt Jacobs at Livingbridge added: “Dominique is an extremely high profile appointment. To attract someone with his expertise and track record is a huge coup for both us and the business, and his experience will be invaluable as we look to support Adarma with its international expansion.
“This appointment further strengthens Adarma’s leadership following the appointment of John last year, and we are excited to see what this hugely ambitious team is capable of.”