Business Description
This Saudi Arabian-based managed IT service provider was founded in 2017 and specializes in comprehensive B2B cybersecurity services, including threat analysis, red teaming, compliance, and managed security architecture for mid-sized and large organizations. Its revenue model is built around long-term service agreements, resulting in over 70% recurring monthly revenue from approximately 75 active clients.
Most team members have tenure exceeding three years, and all are expected to remain post-sale. The current Tech Manager has the capability to step into a general management role if needed, providing operational continuity. There are significant growth opportunities for a buyer, including expansion into additional verticals such as legal or government sectors, geographic growth, the introduction of new cybersecurity products, and strategic acquisitions of smaller IT firms to consolidate market share.
Ideal buyers should possess a general understanding of IT services and cybersecurity, as well as the ability to manage client relationships and oversee technical staff. While not required, experience in managed services or compliance-driven industries will be advantageous.
*Marketing financials are shown in USD; however, actual financials are in both USD and SAR.
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