CASE STUDY

Robust Margins, 50% Conversion: How Burwood Turned Risk Assessments into a Scalable Revenue Engine with Cynomi

Burwood Group transformed its cybersecurity practice by building a management consulting model centered around cyber risk assessments – powered by Cynomi. The platform enabled fast, consistent service delivery, strong profit margins, and a scalable model for growth – fueling vCISO expansion and long-term client relationships.

burwood

At a Glance

Company

Burwood Group’s cybersecurity practice offers cyber risk assessments and vCISO services to small and medium businesses.

Challenge

  • Focused on technical point solutions rather than consulting
  • No standardized cybersecurity assessment process
  • Inability to scale services efficiently
  • Limited cybersecurity team capacity
  • Difficulty demonstrating value quickly to clients

Solution

  • Cynomi-powered cyber risk assessment workshops
  • Automated, standardized and repeatable assessments
  • Centralized platform to manage multiple clients and frameworks
  • Simplified compliance framework management
  • Embedded vCISO workflows and client reporting

Impact

  • Built a flagship Cyber Risk Workshop offering
  • 40–50% of assessments convert to vCISO contracts
  • Robust margins on assessments
  • Enabled delivery of 2-day assessments vs. 5+ days manually
  • Drove downstream business opportunities (pentesting, compliance, managed services)
  • Scaling a cyber consulting practice with a small and agile team
  • Fast time-to-market (6 months from concept to client delivery)
  • Higher client engagement

Background

Burwood is a technology consulting firm with deep expertise in infrastructure, cloud, and security. In 2023, they saw a need to move beyond ad hoc cybersecurity projects and build a scalable, high-margin professional services business. Led by Thomas Bergman, Burwood launched a new cybersecurity assessment practice aimed at the SMB and SME markets.

The Challenge

“We had never done structured assessments. We were looking at firewalls – not business risk. Cynomi helped us flip that.”

– Thomas Bergman, Sr. Cybersecurity Consultant, Burwood

Before Thomas joined, Burwood’s cybersecurity services were fragmented, reactive, and focused on narrow technical fixes – like firewall security – rather than broader business risk. To grow and compete, Burwood needed to shift toward a management consulting model – advising clients on cybersecurity risk and positioning themselves as strategic partners. 

Risk assessments were key to this shift. They provide the baseline understanding needed to deliver meaningful vCISO services and open the door to executive-level conversations. 

But Burwood lacked a structured assessment process, which made it hard to deliver consistent value. As Thomas put it, “Everyone we talked to… sales professionals were doing their own thing. I saw the need to templatize that first engagement.” Without a standardized approach, delivery was inconsistent and unscalable – holding them back from moving upmarket and serving SMB and mid-market clients effectively.

Some of the challenges they faced were:

  • Lack of structure: No formal assessment process or standardized templates. Sales operated independently, making delivery inconsistent and difficult to scale.
  • Inability to scale: Manual, spreadsheet-based processes were time-consuming and resource-intensive, limiting the team’s ability to serve multiple clients efficiently.
  • Time constraints: Clients weren’t willing to commit to week-long engagements. Burwood needed a faster way to deliver deep, high-value insights.
  • Competitive pressure: As a boutique consultancy, Burwood needed to differentiate itself from large-scale players by providing highly specialized consulting services.

Thomas recognized the need for a repeatable, process-driven way to engage clients from day one – laying the foundation for scalable, high-value services.

The Solution

“Cynomi is that assistant that would cost the equivalent of one or two full-time engineers annually. It allows me to drive the assessment process naturally, without spending years developing something ourselves.”

– Thomas Bergman, Sr. Cybersecurity Consultant, Burwood

Burwood turned to Cynomi to standardize and accelerate their cyber risk assessment process, creating their flagship Cyber Risk Workshop offering. Cynomi allowed them to quickly spin up a two-day assessment that delivers deep insights – something that would otherwise require a full-time engineer and months of development.

Cynomi was implemented and used to:

Standardize, launch and scale assessments

  • Launch a structured, 2-day Cyber Risk Workshop
  • Replace manual tracking and spreadsheets with a centralized platform
  • Serve as the single source of truth for assessment data and reporting
  • Establish the workshop as the mandatory entry point for all vCISO engagements

Enhance client engagement 

  • Present a clear, organized interface during assessments
  • Use dashboard in client meetings to drive structured conversations
  • Produce qualitative and quantitative outputs used in professional reporting

Simplify framework management

  • Leverage built-in compliance frameworks instead of developing custom tools
  • Automate the mapping and maintenance of frameworks like NIST and CIS
  • Seamlessly switch between frameworks based on client needs

The Impact

“Our risk assessments are the first step in an ongoing client relationship both for our cybersecurity and other professional services practices, and over 50% of those clients convert to vCISO. It’s been a game changer – creating a clear, scalable path to grow our practice, all powered by Cynomi.”

– Thomas Bergman, Sr. Cybersecurity Consultant, Burwood

Burwood’s shift to a consulting-led model – powered by Cynomi – transformed assessments from a manual task into a strategic growth engine. By standardizing and accelerating the delivery process, they created a high-margin, scalable service that fuels vCISO conversions, new project revenue, and long-term client relationships.

The impact includes:

Built a high-margin consulting practice.

By optimizing its service delivery and leveraging the right tools, Burwood achieved robust margins on cyber risk workshops, established a clear and consistent pipeline for $160K–$180K vCISO engagements, and reached an impressive conversion rate or nearly half from initial assessments to full vCISO services.

Without Cynomi, we wouldn’t have been able to launch this practice. We’d still be building templates and processes instead of delivering value to clients.”

– Rene Ventura, Cybersecurity Practice Manager, Burwood

Accelerated delivery and client value.

Burwood accelerated delivery and client value by cutting assessment time from 5–6 days to just 2 days. With same-day report delivery now possible by day two of the assessment, the process became significantly more efficient. This streamlined approach made it easier for clients to commit to the assessment process, increasing engagement and satisfaction.

Generated new revenue streams and strengthened client relationships.

Burwood unlocked new revenue streams by delivering clear value through risk assessments. These assessments not only identified critical gaps but also naturally led to follow-on projects and managed services engagements. For example, an assessment in the healthcare sector revealed identity management issues that resulted in a project worth 3.5 times the cost of the assessment – demonstrating the strong ROI of this approach.

Providing assessments also strengthened client relationships by positioning Burwood as a trusted executive advisor. This elevated role enabled more strategic, ongoing conversations with clients and laid the groundwork for long-term partnerships built on continuous value delivery.

Enabled fast time-to-market.

Cynomi enabled fast time-to-market, enabling Burwood to build and launch their cyber risk workshop in just six months. The team quickly scaled to serve multiple clients simultaneously, all without the need to develop custom tools. This efficiency created a strong foundation for long-term business growth while maintaining agility and responsiveness to client needs.

Created a scalable business model.

Burwood created a scalable business model by establishing a clear path to grow from conducting one to four assessments per month, per consultant. With this model, individual cybersecurity consultants, which can have some of the highest labor costs, are achieving a greater than 85% utilization rate. The team also designed a repeatable framework that allows capacity to double with each senior hire, supporting sustainable growth without overextending resources.

Looking Ahead

With Cynomi as the backbone, Burwood plans to scale to over 50 assessments annually – unlocking continued growth without expanding headcount. Their success demonstrates how smaller teams can compete – and win – by combining CISO-level expertise with smart automation.