CyberKnight, a cybersecurity value-added distributor (VAD) and Zero Trust security advisor in the META region, celebrates its fifth anniversary, marking a significant milestone in its journey of growth and innovation. In conjunction with this achievement, the company has released its impressive 2024 results, which include record bookings and revenue for both the fourth quarter and the full year.
In 2024, CyberKnight achieved an exceptional 51% revenue growth, reflecting its strong performance in a competitive market. The company also maintained a three-year compound annual growth rate (CAGR) of 67%, demonstrating its consistent and resilient growth. CyberKnight’s financial health remained robust, with strong profit and loss (P&L) and EBITDA results, positive since its inception. The company transacted with 439 resellers, supporting 890 end-users across the region and processing 36 high-value deals worth over $500K, further showcasing its strong market presence.
New partnerships played a crucial role in CyberKnight’s success, contributing to a 22% revenue increase from new resellers and a 47% boost from new end customers. The company’s operations spanned 10 countries and regions, including the UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, Levant, North Africa, Egypt, and Central, East & West Africa (CEWA), with its solutions deployed in 25 countries. This expansion solidified CyberKnight’s trusted presence across the region. The company was also recognized with multiple industry awards, including ‘Distributor of the Year 2024’ by Group-IB and Netwrix, as well as the ‘Performance Excellence Award 2024’ by Entrust.
Founded to transform the regional cybersecurity landscape, CyberKnight has emerged as a leader in Zero Trust Security. Over the past five years, the company has expanded into 10 strategic markets, built a robust portfolio of 35 technology vendors, and grown its workforce to over 100 cybersecurity professionals.
Avinash Advani, Founder and CEO of CyberKnight, commented, “In just five years, we have firmly established ourselves as a leader in the regional cybersecurity ecosystem, thanks to the trust and partnership of our customers, resellers, vendors, and the dedication of our employees. Achieving such tremendous growth in such a short period reflects our team’s relentless commitment to enabling organizations in the META region to secure their digital assets and achieve compliance. With this momentum, we are aiming for even greater heights in the years ahead.”
Throughout 2024, CyberKnight led impactful initiatives, including its flagship regional roadshow, “Beyond Resilience: Zero Trust Security 2.0,” which reached over 1,200 cybersecurity leaders across nine markets. The company also expanded its technology portfolio to address critical areas such as artificial intelligence (AI) and data privacy, ensuring its resellers remain differentiated and its customers stay at the forefront of cybersecurity in an ever-evolving threat landscape.
Vivek Gupta, Co-Founder and COO, added, “CyberKnight continues to lead the way in advancing Zero Trust Security. Our enhanced technology offerings and focus on critical areas ensure our partners stay differentiated, and our customers stay secure in an ever-changing threat landscape.”
As CyberKnight celebrates its fifth anniversary, it remains dedicated to driving innovation, strengthening partnerships, and securing the digital future of the META region.