GBM acquires Coordinates Middle East, a leading cybersecurity service provider

GBM acquires Coordinates Middle East, a leading cybersecurity service provider

Coordinates’ next-generation fully automated Managed Detection & Response service “Cor.” to enrich

GBM’s security services offering

Dubai, United Arab Emirates – September 07, 2022:Gulf Business Machines (GBM) has announced the acquisition of Coordinates Middle East majority shares, a regional Managed Detection & Response firm headquartered in Dubai.

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

The innovation engine, platform, and disruptive approach to cyber defense will help organizations to address challenges faced with legacy Managed Security Services that are historically complex to deploy, challenging to adopt, slow to respond to events, and resource-heavy on enterprises. Through this acquisition, GBM will bring to market state-of-the-art technology further boosting its ability to anticipate, detect and respond to cyber threats.

The acquisition comes at a time when the cybersecurity market is undergoing significant shifts. Spending on security hardware, software and solutions is anticipated to grow rapidly in 2022 across the META region, according to IDC. With cybercrime becoming more sophisticated and common, it is imperative that organizations have resilient security strategies in place.

Founded in Dubai, UAE in 2015, Coordinates was built from the ground up as a disruptive, pure-play Managed Detection and Response firm. The company has served regional and local organizations across various industries including oil & gas, government, healthcare, and financial services.

Amr Refaat, Chief Executive Officer at GBM, said: “Our acquisition of Coordinates is a big step forward in strengthening our security services offering and skills to our customers and draws upon our legacy in the region of helping organizations enhance their cybersecurity capabilities. This is a significant milestone in the evolution of the Managed Detection & Response market, and I am confident that this will support our customers to further grow, innovate, and address the security challenges faced due to rapid evolution in technology.””

Tarek Ghoul, Founder and Chief Executive Officer at Coordinates Middle East, commented: “We are excited to be joining Gulf Business Machines, whose over three decades of presence in the region has been characterized by strong partnerships with leading technology companies and game changers who have brought breakthrough solutions to the market. The combination of GBM’s unparalleled depth, expertise, and reach in the region,along with Cor.’s adaptive, bespoke cyber defense technology will help us support enterprises of all sizes to defend against emerging cybersecurity threats.””

About Gulf Business Machines (GBM) With more than 30 years of experience, 7 offices and over 1500 employees across the region, Gulf Business Machines (GBM) is a leading end-to-end digital solutions provider, offering the region’s broadest portfolio, including industry-leading digital infrastructure, digital business solutions, security and services. We have nurtured partnerships since 1990 with the world’s leading technology companies and invested in a talented, skilled workforce to implement solutions that cater to customer’s specific, complex and diverse business needs

Some of our strategic partners in the Gulf include IBM as their sole distributor throughout the GCC (excluding Saudi Arabia and selected IBM product and services), Cisco as a Gold and Master Partner (the highest level of certification at Cisco).

For more information, please visit www.gbmme.com

About Coordinates Middle East

Coordinates is a home-grown technology company founded in Dubai in 2015. Built from the ground up as a pure play disruptive Managed Detection & Response firm, the company adopted the power of automation and machine learning to address the legacy Managed Security Services market that is intrinsically complex to deploy, challenging to adopt, slow to respond to events, and resource-heavy on enterprises. Coordinates mission is to democratize defense-grade cybersecurity through its adaptive, bespoke cybersecurity program.

For more information, please visit: https://www.coordinatesme.com/