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2023-08-09
EDGE Announces Major Acquisitions
EDGE Group PJSC recently announced the acquisition of a 100 per cent stake in Etimad Holding LLC (Etimad), a technology solutions and services company. Etimad offers security systems solutions, systems integration, project fulfilment, and execution in the fields of border security, law enforcement, critical infrastructure, urban management, safe city, traffic management, and cybersecurity.
Through this acquisition, EDGE will enhance its capabilities by establishing a new Homeland Security cluster and boosting its workforce to over 12,000 employees. Homeland security is a fast-growing sector with great potential for synergies across EDGE’s current programmes and capabilities. This will position EDGE as a leader in security solutions and diversify its offerings across various critical sectors.
Mansour AlMulla, Managing Director and CEO of EDGE, said: “Part of EDGE’s wider growth strategy in the UAE and internationally is to consolidate entities with significant capabilities which can add great value to our portfolio. The introduction of the new Homeland Security cluster and the acquisition of Etimad advances our growth strategy and expands our unique offerings. By combining our extensive solutions, expertise and resources and capitalising on synergies, this strategic move takes us to the forefront as a global advanced technology player. It allows us to deliver an innovative and comprehensive range of solutions to our customers and strategic partners.”
Etimad comprises a portfolio of key operating companies and competencies that provide end-to-end fulfilment, control, and assurance for national security programmes in the fields of homeland security, defence, oil and gas, transportation, telecommunications, seaports, and airports. Since its establishment, Etimad has delivered more than 2,000 major projects in the UAE, including critical infrastructure projects, border and coastal security, as well as the design and production of unmanned aerial vehicles (UAVs).
Expanding in the Field of Cybersecurity
EDGE also announced its acquisition of OryxLabs, a cybersecurity company based in Abu Dhabi. OryxLabs provides tailored cybersecurity solutions to safeguard clients from emerging cyber threats. With a strong focus on advanced research, engineering, and innovation, the company has been entrusted with addressing cybersecurity challenges at scale while delivering exceptional services to its clients.
The acquisition allows EDGE to expand its portfolio and provides it with advanced solutions to solve critical pain points in cybersecurity, both locally and internationally.
AlMulla added: “EDGE Group’s rapid growth and increasing emphasis on creating sovereign capabilities necessitates pursuing opportunities that enhance our capabilities and expand our offerings. Adding OryxLabs into the Group is a logical step, enabling us to elevate our portfolio of advanced technology solutions.
OryxLabs’ proven track record and ability to deliver advanced solutions will provide tangible benefits to EDGE, our clients, and strategic partners. Together, we are well-positioned to navigate the evolving landscape of cybersecurity and offer unparalleled cybersecurity solutions.”
OryxLabs’ proven track record and ability to deliver advanced solutions will provide tangible benefits to EDGE, our clients, and strategic partners. Together, we are well-positioned to navigate the evolving landscape of cybersecurity and offer unparalleled cybersecurity solutions.”
Established in 2020, OryxLabs’ strategy focuses on high scalability, rapid innovation, and engineering prowess to address complex cybersecurity issues. The company specialises in crafting modular solutions to cater for the needs of its clients. By leveraging its extensive expertise in data science, AI, security research, and big data, OryxLabs has assembled a team of software developers who can effectively tackle complex cybersecurity challenges with precision and innovation.
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