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Cybersecurity M&A: MDR Service Provider Acquired

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Gulf Business Machines (GBM), a digital solutions provider, has acquired majority shares of managed detection and response (MDR) security services company Coordinates Middle East.

This is technology M&A deal number 795 that MSSP Alert and sister site ChannelE2E have covered so far in 2022.

GBM, founded in 1990, is based in Dubai, United Arab Emirates. The company has 2,259 employees listed on LinkedIn. GBM's areas of expertise include data center, network infrastructure and digital transformation services.

Coordinates, founded in 2015, is based in Dubai, United Arab Emirates. The company has 33 employees listed on LinkedIn. Coordinates' areas of expertise include cybersecurity, information security and incident response.

What the Coordinates Acquisition Means for GBM

GBM will integrate Coordinates' Cor MDR platform into its cybersecurity offerings, the company stated. This will allow GBM to automate and orchestrate threat detection, response and remediation across its customer base.

In addition, Coordinates represents a "significant milestone" for GBM in the MDR market, GBM CEO Amr Refaat said. The company supports GBM's growth in the Middle East, Turkey and Africa (META) region. It also enhances GBM's ability to provide MDR and other cybersecurity services that meet the needs of META organizations across government, healthcare, financial services and other industries.

A Closer Look at GBM

GBM offers a variety of security services, including:

  • Application security
  • Data security
  • Endpoint security
  • Network security
  • Security operations center (SOC)

GBM has strategic partnerships in place with IBM and Cisco. The company does not currently offer a partner program for MSSPs and MSPs but may look to provide one in the future.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.