Bosch Launches CyberCompare to Revolutionise Cybersecurity Procurement in the UK

12th October 2022, London, UK - Multinational engineering and technology company, Bosch, has today announced the UK expansion of its cybersecurity procurement platform, Bosch CyberCompare, to help businesses make the right selection when it comes to purchasing cybersecurity solutions.

Increased cyber risk is a major concern with a reported 18% of UK companies experiencing a cyber breach at least once a month. Rising cyber-attacks reinforce the need for organisations to find and implement the correct cybersecurity solutions for their business. However, the vast amount of cybersecurity tools, software, and vendors available means it is increasingly difficult for IT leaders to choose a solution that is most affordable and effective to suit their business needs.

Bosch CyberCompare supports companies and the public sector when purchasing cybersecurity for enterprise IT, Operational Technology (OT) and Internet of Things (IoT) used in production or products. The platform enables customers to procure security services as well as all kinds of products while providing specification templates, recommendations, anonymised requests for proposals, comparisons of actual provider quotes and running complete requests for quotes (RFQs).

With a team of cybersecurity experts in Germany and the UK, the platform can compare quotes from more than 7,000 providers of cybersecurity solutions and providers for IT, OT and IoT environments. Bosch CyberCompare is 100% independent and acts on the customer’s behalf, does not have any sales partnerships with vendors, and has already gained significant experience from helping over 200 external customers make decisions in cybersecurity.

Commenting on the UK launch, Dr. Jannis Stemmann, Founder and CEO at Bosch CyberCompare said: “Why should every organisation start from scratch when purchasing cybersecurity, instead of building on good practices and benefitting from platform effects? CyberCompare offers the opportunity to get the project completed faster, with low risk and for a lower budget.”

Nehal Thakore, Country Head, UK, at Bosch CyberCompare also commented: “We are excited to officially launch in the UK following significant uptake amongst our customers with the delivery of over 300 external projects in German-speaking regions in the last 18 months. As a truly state-of-the-art platform, we are excited to grow the brand and offerings to a wider base of businesses.”

On October 13 2022, Bosch CyberCompare will host industry experts in European Cybersecurity Panel discussion which will uncover several insights about high-priority cybersecurity-related topics.

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About Bosch CyberCompare

CyberCompare is a purchasing platform for cybersecurity services and products, building on the experience from projects with around 200 external customers. Built on its independence, the platform offers advisory services related to procurement and implementation of cybersecurity solutions to fit an organisation's security and broader organisational needs. Its extensive advisory board currently seats the former CIO of Shell Energy, CISO and VP of Rolls-Royce Power Systems, SVP Digital Trust, Robert Bosch, and the Head of Cyber Security & Resilience at the University of Applied Sciences Northern Switzerland. CyberCompare is a subsidiary of multinational engineering company Robert Bosch.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,600 associates worldwide (as of December 31, 2021). The company generated sales of 78.7 billion euros in 2021. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 128 locations across the globe, Bosch employs some 76,100 associates in research and development, of which more than 38,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.