Falanx Group Limited, an AIM-listed cyber provider of market-leading cybersecurity services, has appointed veteran cyber entrepreneur and established venture capital investor. William Kilmer, as an independent Non-Executive Director.
The appointment is a major statement of intent for Falanx, who aim to use William’s long-standing experience operating at the intersection of cyber and venture capital to turbo-charge its business growth strategy. By driving the adoption of Falanx’s core business offerings such as its fully managed, 24/7 Security Operations Centre (SOC).
William Kilmer, Falanx Group Ltd. Non-Executive Director, noted on his new role:
“I’m really excited to be working with Falanx Cyber, the managed security services offering is critical to the industry providing customers with expert talent backed by world-class technology for our customers to mitigate risk.
“I look forward to driving growth and investment to expand Falanx Cyber’s services offering to enable more UK businesses to gain the cyber protection they so desperately need.”
Cyber security is a growth market in the United Kingdom and has become a hard to abate sector due to our advanced digital economy. The sector demonstrated double-digit growth in 2021. According to a UK government report, the sector’s revenue grew to more than £10 billion for the first time, and external investment into the sector grew to over £1 billion, raised by firms across the UK. The appointment of Kilmer was made to tap into this upward trend.
In his twenty-five-year career in the technology industry, Kilmer has founded, operated and invested in dozens of businesses across the world, specialising in cybersecurity, wireless, and data analytics companies. He will split his time between Falanx’s board and current role as a senior advisor for investments company Gallos.
Prior to joining Gallos in September 2022, William served as a managing partner at C5 Capital, a specialist venture capital fund investing in cybersecurity, cloud infrastructure, applied data analytics, and space economy companies.
Speaking on the announcement, Alex Hambro, Chairman of Falanx Group Ltd., commented:
“I am delighted that William has joined Falanx. He has extensive experience in the cyber security sector, in both investor and operational roles, and can practically support the development of our cyber security business, as well as providing further corporate governance expertise.”
Kilmer will join the Falanx Group board alongside Rick Flood, who will now serve as Executive Director to the board.
Rick Flood has been Managing Director of Falanx Cyber since 2019. Since taking responsibility for the division, Rick has been instrumental in driving the transformation of the cyber offering and spearheaded Falanx Cyber’s return to profitability in H1 FY22. Rick has more than 30 years of software sector experience, in a variety of roles including executive positions in both private and public companies.
Alex Hambro, Chairman of Falanx Group Ltd., concluded:
“We are also pleased to welcome Rick to the board. Rick possesses long-held expertise in delivering contract wins and revenue growth and has made a huge impact on the expansion of Falanx’s pipeline of new client opportunities.”
Both appointments were taken with immediate effect.
About Falanx Cyber:
Falanx Cyber puts enterprise-class cyber security services within reach of every organisation. We identify areas of cyber risk threatening the integrity of your business and provide complete end-to-end managed cyber security services to alleviate those risks. Combining Managed Detection and Response (MDR) services with Penetration Testing, Incident Response, and consultancy. It is a publicly listed business traded on the AIM stock exchange. Falanx Cyber operates from the UK with its headquarters and Security Operations Centre (SOC) based in Reading.