IoT News

Gorilla Technology Group and MTI forge cybersecurity partnership

May 7, 2024

Posted by: Magda Dabrowska

Cyber security concept with neon padlock

Image by Freepik

Gorilla Technology Group has announced a partnership with Misr Trade & Investment Group (MTI). The partnership reinforces both parties’ commitment to influencing the global cybersecurity market with advanced technological solutions and optimied supply chain strategies.Gorilla and MTI are joining forces to establish a state-of-the-art manufacturing plant in Egypt that will drive technological advances and foster economic growth in the region. This manufacturing plant will serve as a hub for producing cutting-edge Customer Premises Equipment (CPE) tailored to meet the evolving needs of governmental and enterprise sectors worldwide.

The partnership between Gorilla and MTI extends across three key areas of collaboration:

Jay Chandan, the chairman and CEO of Gorilla, said, “We are thrilled to embark on this transformative journey with MTI. By combining our expertise and resources, we are poised to redefine industry standards and drive innovation on a global scale. Together, we will create unparalleled value for our customers while contributing to the economic development of Egypt and beyond. The cybersecurity market in the Middle East and Africa is on a remarkable growth trajectory, projected to expand from US$22.2 billion in 2023 to US$36.2 billion by 2028, reflecting a robust compound annual growth rate of over 10%. This dynamic expansion is driven by a surge in the adoption of cutting-edge cybersecurity solutions and services, fueled by an increasing number of cyber-attacks and the accelerating pace of digital transformation, including the rise of eCommerce and digital payment solutions. This trend underscores the region’s commitment to enhancing its digital infrastructure and security capabilities, promising a future of increased stability and safety in the digital landscape.”

Ashraf Omran, the chairman and CEO of MTI, added, “The partnership between MTI and Gorilla exemplifies the power of collaboration and shared vision. By using our complementary strengths, we are positioned to address the evolving needs of our customers and deliver exceptional solutions with speed and agility. We look forward to this partnership with Gorilla, which will build on our commitment to shape the future of technology and logistics.”

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