Genians to Lead $3M Cybersecurity Project to Strengthen Middle Eastern Market
August 28 2024 - 9:47AM
Business Wire
Genians, a pioneer in NAC-driven Zero Trust Network Access
(ZTNA) solutions, proudly announces its selection as the lead
institution for the ‘Joint Research and Development for Advanced
Cybersecurity Technologies’ project, supported by South Korea's
Ministry of Science and ICT.
This 3 million USD project, running from July 2024 to December
2026, aims to drive the global expansion of South Korea's leading
cybersecurity companies. Genians, renowned for its expertise in
NAC, ZTNA, and EDR, will spearhead the project by forming a
consortium with SecuLayer (specializing in SIEM and SOAR), Tatum
Security (experts in Cloud-native Application Protection Platform
(CNAPP)), and Kangwon National University (noted for AI, Big Data,
and Cybersecurity Compliance & Regulation research).
Additionally, UAE-based cybersecurity firm RAS Infotech will
collaborate on the project, with large government, healthcare, and
financial institutions in the UAE, Saudi Arabia, and other Gulf
countries.
The collaborative effort aims to develop a robust cybersecurity
mesh and managed cybersecurity system tailored to the Middle
Eastern market. Key objectives include leveraging NAC, ZTNA, and
EDR solutions to establish a scalable and composable cybersecurity
mesh. Initially, the integration will focus on SIEM, SOAR, and
CNAPP, along with intelligence platforms that correlate devices,
users, and applications, with threat data.
As the Gulf Cooperation Council (GCC) cybersecurity industry
continues to expand – with Frost & Sullivan projecting its
value to triple by 2030 to reach 13.4 billion USD – countries like
the UAE and Saudi Arabia are investing heavily in digital
transformation to reduce their dependence on oil exports.
“The comprehensive economic partnership agreement (CEPA) between
the UAE and South Korea has unlocked numerous business
opportunities across various sectors. Additionally, Saudi Arabia's
$1.5 trillion NEOM project is poised to generate significant demand
for next-gen cybersecurity solutions. This collaborative project
will be a crucial part of that success,” said Genians CEO, Dong-Bum
Lee.
"With over 3,000 customers across 28 countries and more than 40
customers in the Middle East, we are confident in leading this
national project to solidify our position in the GCC countries.
This marks a new milestone in addressing global cybersecurity
challenges, and the success of this project will be replicated in
other regions," said Genians CTO, Kye-Yeon Kim.
RAS Infotech CEO, Akram Khazi, added, "This project’s tailored
cybersecurity solutions will be a game changer in the Middle East
and will position us as a leading global cybersecurity
provider."
This initiative is set to significantly enhance cybersecurity
capabilities in the Middle East, paving the way for Genians and its
partners to lead in the global market.
About RAS Infotech
RAS Infotech Limited was established in the year 1998 with
offices in India and UAE with the sole purpose of providing
comprehensive network security and network management solutions to
customers across the Indian Sub-Continent and MENA region. RAS has
over 1,000 satisfied clients since 20 years of its inception. It is
due to the efforts of its sales and support teams, as well as
consulting professionals, that these clients have renewed their
trust in RAS year after year.
About Genians
Genians (KOSDAQ: 263860) is a leading provider of NAC-Zero Trust
Network Access (ZTNA) solutions that deliver a fundamental
cybersecurity platform. By leveraging Device Platform Intelligence
(DPI), Network Access Control (NAC), and Endpoint Detection and
Response (EDR), Genians empowers organizations to establish a
trusted path for secure access across all connected devices. Since
its inception in 2005, Genians has served over 3,000 customers
spanning diverse industries and organizational sizes, including
Fortune 500 enterprises, government agencies, military
installations, critical infrastructure, finance, healthcare,
education, and more. Committed to fostering a stronger security
culture globally, Genians collaborates with industry leaders and
communities worldwide.
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