Abu Dhabi-based advanced technology and defense group, EDGE, has successfully acquired OryxLabs, a renowned cybersecurity company known for its tailored solutions. This strategic move bolsters EDGE’s expansion plans in the cybersecurity landscape and enhances its ability to address emerging cyber threats.
OryxLabs has earned recognition for its customized cybersecurity solutions that safeguard organizations against evolving cyber threats. The acquisition presents an opportunity for EDGE to diversify its portfolio and gain access to advanced solutions for tackling critical pain points in cybersecurity, both locally and internationally.
Mansour AlMulla, Managing Director and CEO of EDGE, emphasized the significance of this acquisition for the company’s growth trajectory. He stated that EDGE’s rapid expansion and focus on developing sovereign capabilities necessitate seizing opportunities that enhance capabilities and broaden offerings. Incorporating OryxLabs into the EDGE Group aligns with this vision, elevating the portfolio of advanced technology solutions. OryxLabs’ proven track record and ability to deliver advanced solutions will bring tangible benefits to EDGE, its clients, and strategic partners.
EDGE, formed by the consolidation of 25 defense firms in the UAE, focuses on spearheading the development of advanced weaponry for the country’s military. The acquisition of OryxLabs reinforces EDGE’s position in the global cybersecurity landscape. By integrating OryxLabs’ advanced solutions, EDGE will be able to provide cybersecurity services to its clients, ensuring the protection of critical assets in an increasingly digital world.
OryxLabs, established in 2020, has employed a strategy centered around high scalability, rapid innovation, and engineering prowess to address complex cybersecurity issues. The company specializes in crafting modular solutions tailored to the unique needs of its clients. Currently, OryxLabs is known for its three proprietary solutions: Vulncano, a tool for identifying malicious actors and vulnerabilities within an organization’s environment; Discovery, an external attack surface monitoring platform; and DNS Firewall, a system that monitors outgoing DNS traffic to prevent access to malicious websites.
The acquisition of OryxLabs enables EDGE to meet the growing demands of organizations seeking advanced cybersecurity measures. As per GlobalData’s “The Global Governmental Cybersecurity Market Forecast 2020-2030,” the global government cybersecurity market is expected to witness a CAGR of 8.01%, growing from US$20.3 billion in 2020 to US$43.8 billion by 2030. By incorporating OryxLabs’ expertise, EDGE is well-positioned to cater to the increasing cybersecurity needs of clients and contribute to the overall growth of the industry.
