MIDDLE EAST
REGIONAL CHANNELS
MID DLE EAST
CYBERKNIGHT BOOKS OVER US $ 10 MILLION IN FIRST YEAR
CyberKnight , a pioneer of The Art
of Cybersecurity Distribution , has announced its financial results for 2020 . This exceptional performance for a new company was observed during one of the most challenging periods in human history . Despite COVID-19 ’ s unprecedented global impact , in its first year of operation , CyberKnight achieved more than US $ 10 million in revenue bookings and is on track for exponential growth in 2021 .
“ During Dubai ’ s real estate boom in the 2000s there was a billboard which stated : ‘ It takes generations to build a world-class city ; we did it in less than one .’ Deriving inspiration from these wise words , while being headquartered in the same city , we observed other Value Added Distributors
We are extremely proud and grateful for this phenomenal achievement , but the credit goes to our high-calibre team , who were emulating our market-leading vendors to support our loyal strategic partners .
( VADs ) take up to ten years to reach US $ 10 million ; we are privileged to have been able to do it in one . Although our competitors tried hard to slow us down , we went from start-up to scale-up in 2020 !” said Avinash Advani , Founder and CEO at CyberKnight .
Advani continued : “ We are extremely proud and grateful for this phenomenal achievement , but the credit goes to our high-calibre team , who were emulating our market-leading vendors to support our loyal strategic partners , as they advised Middle East customers . CyberKnight ’ s people worked diligently and efficiently over the course of the year , even during the lockdown working from home . The team demonstrated resilience , commitment and passion while wearing multiple hats in our dynamic startup environment .”
“ There was nothing easy about operating a new business in 2020 . With the uncertainty created by COVID-19 , we struggled to achieve monthly and quarterly linearity , which made forecasting difficult . Although we had set higher targets for
ourselves before the pandemic struck , we unfortunately realised that they were stretched goals as markets were devastated in Q2 and Q3 ,” added Vivek Gupta , Co- Founder and COO at CyberKnight .
Gupta concluded : “ That being said , by year-end , CyberKnight managed to attain remarkable results for 2020 , which can be attributed to various factors . Firstly , instead of spreading ourselves too thin like other VADs have done , we had a razor-sharp focus on cybersecurity with the right number of best-of-breed vendors to tell a Zero Trust Security story . We also rapidly expanded across the Middle East region , deploying vendor-grade teams in all key markets including the establishment of a local entity in Saudi Arabia . With our unique business model , we endeavored to add maximum value by empowering our strategic partners , instead of bypassing them . This enabled us to become an extension of our vendors on the ground and remain a trusted advisor to enterprise and government customers across the region .” •
Avinash Advani , Founder and CEO at CyberKnight , and Vivek Gupta , Co-Founder and COO at CyberKnight
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