Image credit: EDGE Group
UAE-based EDGE Group has acquired Abu Dhabi-based cybersecurity company OryxLabs as part of the defense company’s strategy to expand its product portfolio and provide advanced solutions to address key pain points in cybersecurity locally and internationally.
“EDGE’s rapid growth and increased emphasis on creative sovereign capabilities requires us to pursue opportunities to enhance our capabilities and broaden our product offering. The inclusion of OryxLabs in the group is a logical step, allowing us to advance our advanced technology solutions portfolio,” said Mansour AlMulla, Managing Director and CEO of EDGE.
Founded in 2020, OryxLabs currently employs three proprietary solutions:
- Vulncano is used to identify malicious actors or discover weaknesses in an entity’s own environment.
- Discovery, an external attack surface monitoring platform.
- A DNS firewall that monitors outgoing DNS traffic from the organization’s network and remotely operated computers to ensure that no malicious websites are accessed by existing endpoint devices.
The company’s strong track record and its ability to deliver advanced solutions are expected to deliver tangible benefits to EDGE. It provides tailored cyber security solutions to protect against emerging cyber threats.
This acquisition is in line with our continued expansion into the cybersecurity space and is expected to provide the company with advanced solutions to address key pain points in cybersecurity both locally and internationally.
— Edge (@_edgegroup) July 6, 2023
EDGE’s growth strategy is supported by advanced programs and initiatives delivered by its recently opened state-of-the-art Learning and Innovation Factory, an Industry 4.0 center for operational excellence and advanced technology learning and demonstration that blends theory, technology and practice to drive Modernize while encouraging portfolio companies to adopt new approaches to everyday challenges.
EDGE’s Growing Product Portfolio
at the same time, edge As the UAE defense equipment maker continues to expand its global footprint, the company will open a Latin American regional office in Brazil. The company won contracts worth $5 billion at the IDEX 2023 defense exhibition in Abu Dhabi in February, of which more than $1.1 billion was in international export deals.
The defense company was launched in November 2019 after the UAE government consolidated 25 state-owned and independent defense companies. Since its founding three years ago, EDGE has climbed to the top of the global defense industry with a product portfolio spanning both defense and civilian sectors.
Today, the defense group’s portfolio consists of 20 subsidiaries combined into four clusters capable of manufacturing a range of advanced products and solutions covering autonomous systems, precision munitions, land systems, small arms, shipbuilding, secure communications, intelligence , electronic warfare, precision manufacturing and training.
Last year, the Abu Dhabi-based company’s order book exceeded $5 billion, of which $1.5 billion, or 30 percent of the total, was export sales, a 500 percent increase from the previous year.