Adrian Johnson
TLDR:
- Cyberani and Thales have entered into a strategic alliance to strengthen cybersecurity in the Kingdom of Saudi Arabia.
- The alliance, signed at LEAP 2024, aligns with the Kingdom’s Vision 2030 and aims to generate USD 350 million in revenue from 2024 to 2030.
The strategic alliance between Cyberani and Thales is a significant development aimed at bolstering cybersecurity in the Kingdom of Saudi Arabia. The partnership, signed at LEAP 2024, by key figures from both companies, emphasizes the importance of cybersecurity and digital infrastructure in building a diversified and sustainable economy as outlined in the Kingdom’s Vision 2030. This collaboration, under the patronage of notable individuals from Aramco, will act as a catalyst for the local economy and contribute to the Kingdom’s sovereignty objectives.
Recognizing the increasing cyber threats globally and the complex compliance requirements, Cyberani and Thales will work together to address the cybersecurity market in the Kingdom with a revenue target of USD 350 million from 2024 to 2030. With Thales having completed the acquisition of Imperva and boasting a team of over 5,800 cybersecurity experts across 68 countries, the forecasted revenue from cybersecurity in 2024 is USD 2.4 billion. Leveraging Thales’ expertise, Cyberani will focus on securing critical Information Technology (IT) and Operational Technology (OT) infrastructure and operations for their clients in Saudi Arabia.
The alliance will provide best-in-class cybersecurity solutions to various sectors in the country, including Energy, Utilities, Aviation, Transportation, Space, Finance, and Smart Cities. Thales will also support Cyberani by offering cybersecurity services for Aramco and its affiliates outside the Kingdom of Saudi Arabia. The CEOs of both companies have expressed enthusiasm for the alliance, highlighting the potential for significant advancements in cybersecurity and digital resilience in the region.
Thales, a global leader in advanced technologies in Defense & Security, Aeronautics & Space, and Digital Identity & Security, invests heavily in Research & Development to create products and solutions that enhance safety, sustainability, and inclusivity worldwide. With a workforce of 77,000 employees in 68 countries, Thales generated sales of EUR 17.6 billion in 2022. The alliance between Cyberani and Thales represents a step towards a more secure digital future for Saudi Arabia.
