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Friday, November 1, 2024
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GBM acquires Coordinates Middle East

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Gulf Business Machines (GBM) has announced the acquisition of a majority stake in Coordinates Middle East, a Dubai-based area management detection and response company.

With this investment, GBM will enhance its suite of cybersecurity products, including Cor., Coordinates’ innovative technology-agnostic platform that enables the integration, automation and orchestration of detection, response and remediation across any technology for cyber resilience.

Innovative engines, platforms, and disruptive approaches to cyber defense will help organizations meet the challenges faced by traditional managed security services, which have historically been complex to deploy, challenging to adopt, slow to respond to incidents, and enterprise resource-intensive. Through this acquisition, GBM will bring state-of-the-art technology to the market, further enhancing its ability to predict, detect and respond to cyber threats.

major shift

The acquisition comes at a time of significant change in the cybersecurity market. According to IDC, spending on security hardware, software and solutions in the META region is expected to grow rapidly in 2022. As cybercrime becomes more sophisticated and prevalent, organizations must develop a resilient security strategy.

Founded in 2015 in Dubai, UAE, Coordinates is a disruptive, pure-play managed detection and response company. The company serves regional and local organizations in a variety of industries, including oil and gas, government, healthcare, and financial services.

Amr Refaat, CEO of GBM, said: “Our acquisition of Coordinates is a huge step forward in enhancing the security services and skills we offer our clients and leverages our presence in the region to help organisations enhance their cybersecurity capabilities This is an important milestone in the evolution of the managed detection and response market, which I believe will support our customers to further develop, innovate and address the security challenges faced by the rapidly evolving technology.”

strong partnership

Tarek Ghoul, founder and CEO of Coordinates Middle East commented: “We are delighted to join Gulf Business Machines, which has built strong partnerships with leading technology companies and game changers in the region for over 30 years. Relationships. Bringing breakthrough solutions to the market.

Combining GBM’s unparalleled depth, expertise and reach in the region with Cor.’s adaptive custom cyber defense technology will help us support businesses of all sizes against emerging cybersecurity threats. “- arab trade news agency

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