Oakley Capital Investments Limited (OCI) has announced its acquisition of Assured Data Protection, a Managed Services Provider specializing in Backup, Disaster Recovery, and Cyber Resiliency as a Service. The investment, made through Oakley Capital Fund V, is expected to involve an indirect contribution of approximately £26 million from OCI.

Founded in 2016 by Simon Chappell and his co-founders in the UK and the US, Assured utilizes Rubrik software alongside its proprietary platform to deliver critical backup and disaster recovery services globally. The company aims to enhance cyber resilience for its clients, ensuring rapid recovery from IT failures or cyber-attacks.

Assured operates in a rapidly growing sector of disaster recovery, projected to expand nearly fivefold in the next five years due to increasing data complexity and rising cyber threats. The company has demonstrated strong performance, achieving high double-digit growth with nearly 100% recurring revenue and low customer churn.

Oakley Capital plans to support Assured's management in capitalizing on growth opportunities, particularly in the US market. The investment aligns with Oakley’s strategy of partnering with exceptional founders and follows several other investments in technology-focused businesses in 2024.

Peter Dubens, co-founder and Managing Partner of Oakley Capital, expressed enthusiasm about investing in Assured, highlighting its strong growth potential and unique business model. Simon Chappell, CEO of Assured, noted the increasing need for companies to bolster their IT systems against cyber threats and emphasized the importance of Oakley’s partnership in scaling their operations.

This acquisition marks Oakley’s seventh investment in 2024, reinforcing its commitment to building a portfolio of high-growth technology companies.