Lovell Consulting
A five-year-old Paris GRC and IAM consultancy (EUR 4.2M revenue) acquired by cybersecurity group Squad.
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Lovell Consulting, founded in 2019 and based in Paris, is a 38-person consultancy providing strategic governance, risk, compliance, resilience, and identity and access management advisory, which generated EUR 4.2 million in 2025 revenue.
French cybersecurity group Squad (EUR 135 million revenue, 850-plus employees) acquired it as its third cybersecurity deal after Newlode and Scassi, specifically to add strategic consulting rather than more delivery capacity.
Innovation Matrix Assessment
No specific product or technology innovation was disclosed; growth has been through consulting practice expansion rather than product development.
Generated EUR4.2M in 2025 revenue with a 38-person GRC, resilience, and IAM consulting practice.
Acquired by Squad in June 2026 as Squad's third cybersecurity acquisition, specifically to add strategic consulting capability.
GRC and IAM strategic consulting is a well-established, non-differentiated advisory category.
Revenue (EUR4.2M) and employee count (38) are independently reported figures, a reasonably verifiable scale signal for a private consultancy.
GRC, resilience, and IAM strategic advisory remain steady, ongoing needs as compliance requirements continue to expand.
Why CISOs Should Care
Lovell Consulting gives CISOs strategic GRC, resilience, and identity and access management consulting, an advisory layer above the integration and managed-services work that its new parent Squad already delivers.
What Makes It Different
Lovell Consulting is Squad's third cybersecurity acquisition after Newlode (integration/managed services) and Scassi (industrial security), specifically chosen to add strategic consulting -- governance, risk, compliance, resilience, and IAM -- rather than more delivery capacity.
The Matrix Verdict
38/100 — EMERGING / UNRANKED
A five-year-old, 38-person Paris GRC/IAM consultancy generating EUR4.2M in 2025 revenue, acquired by French cybersecurity group Squad (EUR135M revenue, 850+ employees) to round out a full-stack cybersecurity offering spanning strategic consulting through managed delivery.
Editorial Note: Claims vs. Verified Findings
Revenue (EUR4.2M 2025) and headcount (38) figures are independently reported by French trade press (Le Journal des Entreprises, Distributique, CFNEWS) covering the acquisition.
Sources
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