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CyberKnight Achieves 200% Revenue Growth in its Second Year Crossing $29 Million in 2021 Bookings

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CyberKnight has today announced its financial results for FY2021. In its second year of operation, CyberKnight processed more than $29 Million in orders realizing a revenue increase of more than 200% over the previous year.

This notable achievement and the rapid growth are the results of substantial investment into high-caliber business development and technical local teams across the Middle East, a keen focus on expanding the breadth of the channel partner ecosystem, successfully delivering extensive high-ROI marketing activities, maintaining strategic customer relationships, and effectively building out a market-leading Zero Trust Security-focused portfolio offering.

“It’s been a whirlwind year that has ended well for CyberKnight. As face-to-face customer and partner meetings started happening again, sales cycles progressed, procurement cycles reduced, and in-person marketing events were well-attended. I am extremely proud of the CyberKnight team, who went above and beyond to meet the expectations of our vendors, maintain deep-rooted partner relations, and stayed true to being trusted advisors to regional customers.”, commented Avinash Advani, Founder and CEO at CyberKnight.

“In 2021, we saw quarter-on-quarter revenue growth over the same period in the previous year, demonstrating the continued importance of cybersecurity in the enterprise and government segments, as well as a steady market recovery after the pandemic impact of 2020. This led us to overachieve both our top-line and EBITDA in 2021 and over the course of the year, we doubled our team strength, moved to larger offices, and continued to optimize processes by adding further automation to our lead-to-cash management, while running a tight ship around collections.”, said Vivek Gupta, Co-Founder and COO at CyberKnight.

Channel Talk

Entrust Signs Up CyberKnight as New Distributor for the Middle East Region

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Entrust has announced its new distribution partnership with CyberKnight to address compliance and simplify cyber threat management. In line with evolving regional compliance regulations and standards, Entrust’s new partnership with CyberKnight as its newest regional distributor will see the two companies jointly build solutions for the Middle East market that achieve the highest standards of cyber security.

Entrust and CyberKnight are strategically aligned on their security vision with a ‘Zero Trust’ philosophy at its core. With the aim of increasing access to the highest standards of security for Middle East customers, Entrust’s new partnership with CyberKnight will further enable the delivery of digital security solutions to customers, by tapping into CyberKnight’s local network to offer advice, education, expertise, and confidence.

“Digital transformation in the Middle East continues to evolve at a phenomenal pace, especially as the demands of the past two years called for a rapid implementation of cloud-based systems to manage the unprecedented shift to remote workforces,” said Scott Kemish, Global Vice President Channel Sales, Entrust. “In order to support local customers championing cloud adoption while meeting the requirements of local compliance regulations, as well as protecting themselves against an all-time-high of cybercrime, we have entered a stage of channel development that requires our channel distribution partners to stand up and make a difference; CyberKnight has all of the right attributes that we are looking for in the market.”

“Our partnership with CyberKnight further cements our commitment to the region, and we look forward to helping more customers transform their digital security in line with the requirements of this new age,” Scott continued. Over the last two years, the rapid adoption of cloud solutions to enable remote working resulted in an increase in cybercrime globally, as it provided cybercriminals more opportunities to target victims at home. Cybercrime is set to cost the global economy $10.5 trillion annually by 2025. And industry research reveals that, in the UAE, the average cost of remediating a ransomware attack is over $500,000.

“The pandemic has reminded us that cybercriminals are constantly fine-tuning their skills and techniques. If we do not help our customers do the same, then they will be playing catch-up,” said Avinash Advani, Founder & CEO of CyberKnight. “Our partnership with Entrust as our newest vendor will enable us to continue helping customers fill the existing gap between their digital transformation efforts, and their security posture by securing their digital ecosystems as well as supporting them with their zero-trust security journey. We are very excited about working with them to further support our local customers across the region.

Entrust’s certificate solutions, PKI, identity and access management, encryption key management and hardware security modules are available to local customers through the partnership. Later this year, Entrust will join CyberKnight’s annual roadshow, set to take place in November 2022.

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Channel Talk

Cloud, Security and Containers Should be Key Focus for the Channel

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Written by Kinda Baydoun, Manager of Channels & Distribution – Middle East, Veeam Software

There is a clear wave of optimism as I interact with our partners, as most agree that this year is shaping up to be a year of not just recovery but of acceleration and innovation. During our recent Middle East ProPartner Summit in Dubai, we saw signs of healthy IT budgets and more focus on investing and adding more skills to their workforce to adapt quickly to key IT trends.

There are three key trends that I believe will shape the Enterprise IT landscape this year and beyond. They consist of three distinct pillars: Cloud, Security and Containers. Businesses need to have a good understanding of what cloud brings to an organization and why it is important. Secondly, before the pandemic, we had a centralized office where employees were all in one place. With decentralization now, the boundaries of the organization have become invisible. Data is all over, necessitating a need for a comprehensive security strategy to safeguard all entry points.

Modern Data Protection and management technologies will be a number one priority for CIOs and IT managers to combat the increasing incidence of cyberattacks, including ransomware that has huge negative ramifications for organizations. And finally, we see an increased interest in Kubernetes as a critical piece of an enterprise’s cloud infrastructure. This has created a new area around container-native data protection that needs addressing.

The adoption of remote work and e-commerce had been already growing at a fast pace in the last few years. The Covid pandemic lockdown restrictions worldwide ended up highly accelerating their adoption. These trends created expectations that “a new normal” will include hybrid work environments and continued e-commerce growth. The IT Channel industry will continue to play a major role in supporting customers from different segments manage this “new normal” by providing the technology and all related consultancy and professional services.

Cloud adoption continues to be one of the key trends, as partners are racing to having their operations “cloud-ready” to capture the high potential of this market. The adoption of cloud is accelerating in the Middle East, fuelled by the pandemic, government spending on smart cities and public sector projects, and the availability of an expanding range of data centre and managed services options to support enterprise adoption of emerging technologies. With the acceleration of cloud adoption which is supporting Artificial Intelligence (AI) and Internet of Things (IoT)-managed environments, ransomware becomes one of the major threats to any organization’s data security.

The Veeam Data Protection Trends Report 2022 shows that 86% of UAE organizations and 84% of Saudi organizations suffered ransomware attacks, making cyber-attacks one of the single biggest causes of downtime for the second consecutive year. Channel partners across the Middle East need to take cognizance of this trend and its critical impact on their customer’s digital transformation agenda. This is a big opportunity for partners to align with best-of-breed vendors in the Modern Data Protection space as well as build skills around a wide range of security solutions in order to help customers tackle security challenges in the new era of a hybrid workplace.

Besides Cloud, Security and Containers, I also believe that the channel should keep a close eye on AI technologies. AI is already transforming numerous industries for the better. Fields as varied as healthcare, education and public safety are leveraging artificial intelligence to automate some processes and optimize others, allowing humans to spend more time on their most meaningful work and less time managing rote tasks.

In the near future we will see AI and automation capable of filling positions in other hard-hit sectors like the finance, healthcare, legal and software industries. AI is also poised to transform data management. In this space, true innovation isn’t just about capturing more data—it’s about having it always available, responding to it and separating the signal from the noise in order to improve processes and drive better business decisions.

In order to grab a piece of the ‘AI pie’, channel partners need to align with vendors that have a strong value proposition and technologies with established use cases that meet the specific needs of regional enterprises. A challenge that continues to plague the channel is the incidence of limited skills in the market which can be attributed to the actual lack of manpower. Most resellers have one or two technical resources that are certified on 3 or 4 different technologies.

This puts a strain on resources and compromises the level of service that the resellers can offer as they may not have sufficient bandwidth. Channel partners can develop talent within their teams by investing in their vendor partner’s training and certification programmes. It’s very important for vendors/ distributors and resellers to be in constant dialogue so that vendors/ distributors can understand the skills gap and run regular training programmes to plug that gap. It is important to create a training/ certification calendar and give resellers advance notice so that they can plan their work schedules accordingly so as to be able to attend these programmes.

Finally, it is important for channel partners to streamline their go-to-market strategies ensuring they are simple yet effective, evaluate their client base and properly account plan/map their clients to understand their existing wallet share and then plan to grow this. It is also important to ensure that their business plan is adaptable to the current market trends which are changing quarter by quarter.   There are channel partners that maintain a business model which served them well five years ago, but they have not adapted to the current challenges/ opportunities.

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Channel Talk

Yotta Partners with Virsec to Offer True Runtime Protection Cybersecurity Service

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Yotta has announced its partnership with Virsec, through which enterprises across India that are either hosted at Yotta data center or their captive on-premises data center or any public cloud can now get access to Virsec’s patented Deterministic Protection Platform (DPP). It is the only security solution that ensures precise protection against zero-day, ransomware and evolving cyber-attacks on workloads deployed in production. DPP precisely maps what an application or software is intended to do and stops them instantly when they behave abnormally within milliseconds.

Sunil Gupta, Co-founder, and CEO, Yotta

“Virsec is backed by a solid team, and we are very impressed with their award-winning true runtime protection service that protects while the application is running, and not after the attack has been executed. Their unique approach to secure the workload from the inside is commendable, and we are delighted to partner with them to offer their world-class security service to enterprises globally,” says Sunil Gupta, Co-Founder & CEO at Yotta.

Explaining Virsec’s unique protection capabilities, Dave Furneaux, CEO, Virsec, says, “In order to secure an application while it’s running, our patented technology maps precisely to what the software is intended to do and will stop anything that it’s not intended to do – perceived as an attacking threat – within milliseconds when it launches. As a result, our customers have seen up to 70% OpEx savings and increased time to focus on business innovation versus the security hassle of monitoring suspicious events, hunting out threats, investigating results, and reacting to thousands of false alerts daily. With this landmark partnership with Yotta – we are pleased to serve a very fast-growing segment of enterprise IT customers.”

Dave Furneaux, CEO, Virsec


As per Rajesh Garg, CDO & Head of Cybersecurity at Yotta, “With a growing digital footprint, an enterprises’ exposure to cyber threats is on the rise. Today, customers demand cutting-edge security services that allow them to sleep in peace. With this partnership, we have expanded our security services portfolio – that will add tremendous value to organisations.”

“We’re thrilled to expand our reach globally to help secure India’s most powerful enterprises through our largest data center partnership yet,” says Bobby Gupta, SVP & MD, International Business at Virsec. “Yotta is not only the biggest but also one of the most trusted data centers in India. Virsec is proud to partner with Yotta to ensure India’s data sovereignty.”

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