September 12, 2019 – Demand for top cybersecurity professionals is accelerating in the face of increasingly volatile global data security conditions. But the talent pool remains limited and difficult to access. With cybercrime draining more than $445 billion from the global economy, International Data Corp. has forecast that this market will present a $101 billion opportunity by 2020.
To focus on the recruitment needs of this expanding sector, executive search firm Slone Partners has just invested in a joint venture to expand outside of healthcare and into the cybersecurity industry by partnering with Wolf Hill Group, which will focus exclusively on recruitment in cybersecurity. The two firms will work together to bring best practices in executive search to address a talent shortage that is expected to see 3.5 million unfilled cybersecurity positions by 2021.
“Wolf Hill Group will leverage the deep experience in executive search that we have developed over the past 20 years in the life sciences and biotech sectors while offering the same exceptional service to our clients,” said Leslie Loveless, CEO of Slone Partners.
Wolf Hill Group is a boutique recruitment firm focused on the cybersecurity industry. With more than 75 years of leadership recruitment experience among its founders, Wolf Hill Group builds leadership teams for enterprises, start-ups and venture capital. The firm’s network of information security leaders is at the forefront of defending the cyber-attacks running parallel to the growing vulnerability trends in quantum computing, cloud computing, IoT, AI, machine learning, Big Data and analytics, online payment fraud and social media.
In addition, Slone Partners announced that Michael Mosunic, former partner and chief operating officer of Slone Partners, has been named CEO of Wolf Hill Group and will lead the company to grow its business nationally and ensure that it delivers the same high standards of quality, integrity, professionalism and respect to its clients.
“Wolf Hill Group will draw upon the expertise, experience and networks that have positioned Slone Partners as the nation’s top executive recruiting firm in life sciences,” said Mr. Mosunic. “We are fully prepared and excited to fulfill our mission to deliver the leaders that build and protect amazing organizations.”
Adam Slone, founder of Slone Partners, will continue to advise both companies and be actively involved in establishing Wolf Hill Group as a value-driven organization committed to its clients.
“We are thrilled to be part of Wolf Hill Group’s commitment to help clients secure the highly-demanded talent that will protect their organizations, customers, and clients against the ever-evolving digital threats in cybersecurity,” Mr. Slone said.
Slone Partners is a nationally recognized senior-level recruitment provider that specializes in delivering executive, management and leadership talent for the diagnostic, biopharmaceutical, healthcare information technology and laboratory testing industries. The firm has offices in Boston, New York, Washington, D.C. and San Francisco. Recently, Slone Partners was included among Hunt Scanlon Media’s “Top 50 Healthcare & Life Sciences Search Firms.”
Partnerships and Mergers
Executive search firms have seen a rise in partnerships and mergers in recent months. Here’s a look at a few from the Hunt Scanlon Media archives:
New Zealand-headquartered search firms SWR Group and Rothley Executive Search have merged. Under the agreement, Rothley operations become part of SWR Group. Rothley founder and managing director Sean Brunner is now based in SWR’s Wellington offices, also working closely with the group’s team in Auckland.
Search firm Opus Partners has integrated the executive search business of CBO Partners Recruiting, a Charlottesville, VA-based human-capital management firm, into its national higher education and healthcare practice. Jay Scott, CBO’s founder and president, becomes an associate partner at Opus in the firm’s Charlottesville, VA office.
London-based SpenglerFox and Cowley Brown Recruitment, located in Dublin, formed a strategic alliance aimed at growing and expanding both firms’ search business in Ireland. The alliance will target the retained executive search business in the Irish market with an initial focus on C-suite roles in life sciences and related sectors.
Toronto-based Caldwell is partnering with Hattonneale, a Sydney-based executive search firm. Under the affiliation agreement, Hattonneale will represent Caldwell in Australia and drive further growth into key practice sectors and geographies across Australia/New Zealand and the Asia Pacific region.
Search firms College Sports Solutions and Buffkin / Baker formed a new partnership. Under the strategic alliance, the two firms will combine their executive search services to better serve universities and colleges, intercollegiate conferences and collegiate athletic organizations.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media