Strong Growth Momentum Sustained: CyberKnight Reports 95% Bookings Growth Y-o-Y
Dubai, UAE — January 4th, 2023: CyberKnight, the pioneer of ‘The Art of Cybersecurity Value-Added-Distribution’, today announced its financial results for FY2022. In its third year of operation, CyberKnight continued to deliver robust revenue growth, reporting an increase of 95% in bookings over FY2021.
This outstanding performance and accelerated growth for the third consecutive year are attributed to the company’s commitment to execution, paired with ongoing investments in people, product, and process. CyberKnight’s exceptional momentum is a testament to its 25-market leading Zero Trust Security focused portfolio vendors, deep engagement with more than 400+ partners, trusted advisor relationships with 500+ of the Middle East’s enterprise and government customers, extensive marketing activities and the relentless effort, hard work and dedication of talented teams across the region.
“Even with global macro-challenges that impacted regional market dynamics, we still managed to have another stellar year, processing $58 million in 2022,” said Avinash Advani, Founder and CEO at CyberKnight. “As we continue to see demand prevail for next-gen cybersecurity solutions, our achievements once again demonstrate the scalability and durability of our business model. Yet, the true measure of our success is what we have been able to accomplish for regional customers by securing their digital transformation, cloud adoption and remote working journeys. I am extremely grateful for the commitment demonstrated by our vendors and strategic partners, and very proud of the CyberKnight team, who went the extra mile to meet expectations.”
added Avinash.
“We continue to see extraordinary growth over the last couple of years as we gain a larger share of the Middle East’s cybersecurity market. This has been enabled by entering new markets as well as more than doubling our team strength, reaching 45 resources, and carrying over 25+ open headcount for 2023. Over the past three years, we have steered a remarkable course to become one of the leading value-added distributors in the region, with best-of-breed processes and operational best practices in place to provide real value to our customers – and it’s only the beginning. Moving forward, our goal is to continue to grow aggressively, but sustainably, plotting the right path to give us effective coverage in existing markets, as well as reach into new markets.”
commented Vivek Gupta, Co-Founder and COO at CyberKnight.
About CyberKnight:
CyberKnight is a cybersecurity advisory and value-added-distributor (VAD) covering the Middle East with on-the-ground presence in all key regional markets. Our ZTX (Zero Trust Security) methodology, based on the Forrester framework, incorporates emerging and market-leading cybersecurity solutions that protect the entire attack surface, by leveraging AI, threat intelligence and collective defence. CyberKnight helps security and risk teams at enterprise and government customers simplify breach detection, prevention, and incident response, while addressing regulatory compliance. CyberKnight’s Art of Cybersecurity Distribution business model enables strategic partners to achieve greater market penetration, return-on-investment, and time-to-value.