Significant Investments Being Made to Support Growth in Demand
Cysiv, an innovator in the provision of SOC-as-a-Service, today announced it has extended its business operations into the Middle East and Africa (MEA) and is making significant investments to help fuel its growth in this region. In 2020, Cysiv acquired and re-branded SecureMisr, a Cairo-based provider of managed SOC and related security services, to accelerate its investment in the region. Cysiv, which was incubated within Trend Micro, a global leader in cybersecurity, was spun out as an independent company and publicly launched in 2018.
Cysiv MEA has expanded its offerings to include SOC-as-a-Service delivered from its global network of SOC’s, including its newest one in Cairo. Additionally, Cysiv’s global center of excellence for software development has established a regional presence in Cairo, and the company has opened a sales office in Dubai and is expanding its sales team in the region. These investments are being made because of the rapid global growth in demand for managed detection and response (MDR) services and the need for cybersecurity talent worldwide.
According to Gartner1, “By 2025, 50% of organizations will be using MDR services for threat monitoring, detection and response functions that offer threat containment capabilities.”
SOC-as-a-Service provides clients with 24/7 security and compliance benefits. And because it leverages the power of Cysiv’s cloud-native, next-gen security information and event management (SIEM) system, along with data science and automation, it delivers significantly better outcomes, and a better quality of service, than a traditional on-premise SOC.
“We’re very excited to be expanding our business into this region, and it is a privilege and honor to be serving such recognizable organizations in the banking, telecom, energy and other commercial sectors, as well as the public sector,” said Partha Panda, CEO and co-founder of Cysiv, Inc. “The investments we’re making in the region reflect our belief in the incredible opportunity, and in the tremendous talent and resources, of the region.”
“This is a very proud moment for all SecureMisr employees and an exciting one for the regional business sector too,” noted Badr Khairy, chairman of the board for Cysiv MEA. “SOC-as-a-Service provides organizations with an essential weapon in the ongoing need for stronger defenses against cyberattacks that continue to become more frequent, difficult to detect by traditional means, and more damaging. The team is looking forward to introducing clients to SOC-as-a-Service.”
“The integration of a highly qualified, local security services team that understands the Middle East threat environment, combined with an advanced technology platform, with a subscription-based pricing model in one package, will deliver to the market a SOC-as-a-service alternative that is very appealing versus other fully on-prem or remote options,” said Ahmed Abdelsattar, CIO of Qalaa Holdings.
For more information, please visit mea.cysiv.com
Gartner, “Market Guide for Managed Detection and Response Services,” Toby Bussa, Kelly Kavanagh, Pete Shoard, John Collins, Craig Lawson, Mitchell Schneider, 26 August 2020.