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ID: MV2012

IT Security Firm - Highly profitable & Growing

United Arab Emirates, Saudi Arabia

Security services company standing at the forefront of cybersecurity solutions, serving as a trusted technical partner for 20+ leading security vendors and more than 40 partners across the Middle East

ID: MV2012

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Revenue:
$11.2m
Profitability:
46%

Industry Overview

The Computer Systems Design and Related Services industry is experiencing rapid growth, fueled by increasing demand for cybersecurity solutions amid rising cyber threats globally. As businesses and organizations continue to prioritize securing their digital assets, the industry is poised for further expansion. Industry analysts, such as IBISWorld, project sustained growth in both the demand for information security audits, and implementation of security technologies, indicating a prosperous outlook for firms specializing in these services.

Location

Riyadh, Saudi Arabia

Business Description

Established in the heart of Saudi Arabia, this premier information security services company stands at the forefront of cybersecurity solutions, serving as the trusted technical partner for over 20 leading security vendors and more than 40 partners across the Middle East.

With a strong focus on technology implementation, GRC, red teaming, and SOC operations, the firm boasts a robust business model, drawing 75% of its revenue from consulting fees and 25% from software sales. Its comprehensive service portfolio includes consulting, cyber engineer services, security strategy, and advanced security assessments among others, delivering value through high-quality managed services and SLAs.

Demonstrated by a consistent upward trajectory in revenue and a substantial portion of recurring business, the firm exhibits both stability and growth potential.

The successful transition to new ownership is assured with a commitment to providing up to 40 hours of training and essential support.

Financial Summary

With a strong focus on technology implementation, GRC, red teaming, and SOC operations, the firm boasts a robust business model, drawing 75% of its revenue from consulting fees and 25% from software sales. Its comprehensive service portfolio includes consulting, cyber engineer services, security strategy, and advanced security assessments among others, delivering value through high-quality managed services and SLAs.

Investment Rationale

Significant growth and expansion opportunities lie ahead, particularly with the yearly adoption and upgrade of the service portfolio to cater to evolving cybersecurity needs. New initiatives such as Security Optimization Centers, OT Security, GRC Tool Development, and Security Automation position the firm to capitalize on cutting-edge market trends. Expansion into SAAS products further diversifies revenue streams. Moreover, the sizable and growing customer base, with 70% repeating business, underscores a solid foundation for further scaling operations and exploring additional geographical markets.

Geographic expansion will also play a big role in the company's growth, with a strong pipeline coming from South America, the Middle East, and several African nations.

Customer Overview

Wide array of clients across multiple industries and regions, including but not limited to Saudi Arabia, Egypt, the UAE, Bahrain, USA, UK, Cyprus, Chile, Morocco and Libya. 


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