FireEye Inc steps into the Middle East
Company has large expansion plans in the region
FireEye Inc, a Malware Protection Systems (MPS) software creator has set foot in the Middle East and plans to expand across the region.
The company plans to concentrate its expansion on the key Middle East markets such as the UAE, Saudi Arabia (KSA), Egypt , Turkey in the first phase of expansion before hitting the African market in South Africa.
"Our geographical growth map will help us strengthen our channel base in each region. We want to grow our reseller base in these countries, thereby expanding the reach of modern malware products to all businesses in these countries," said Ray Kafity, regional sales director, Middle East and Africa, FireEye.
During the second phase of expansion, FireEye plans to grow its presence into India , Kuwait, Qatar, Oman, Kenya , Algeria, Libya, Sub Saharan Africa and Nigeria, followed by Q3 of 2011, in Pakistan , Lebanon, Jordan and the Levant countries.
According to FireEye, the UAE is prone to malicious attacks and cyber crime because it is a global business hub. The company says it is among the most vulnerable countries in the Gulf Cooperation Council (GCC). FireEye estimates malicious attacks cost businesses in the region annual data losses of about $2 million in 2009 in the UAE alone.
"We are aware of growing cyber crimes in the region and our products offer an insurance against these modern malware activities. Today, countries need to be more aware of cyber attacks and be prepared to address them. Our modern Malware Protection Systems stop today's advanced and persistent threats," said Kafity.