Network security provider Network Associates (NAI)’s portfolio of anti-spam solutions and intrusion detection systems had been considerably enhanced with three recent major acquisitions at the global level.
Addressing a press conference in Riyadh, officials of NAI said that the recent acquisitions had enabled the company to offer a complete line of system protection, network protection and security policy management solutions. This range is first being launched in Saudi Arabia.
“The Saudi market presents us a unique opportunity to introduce these industry-leading products, because there is a huge potential for IT in the Kingdom,” said an NAI representative. “Independent research findings estimate that the Saudi market is worth $ 3.7 billion, constituting over 60 percent of the total GCC market. It has been described as the second most mature market, after Bahrain, in the adoption and use of IT. It is therefore highly appropriate that we are launching our new products in Saudi Arabia.”
“The rest of the GCC market too carries a huge potential for us, as it is estimated that the IT market would swell to eight billion dollars in 2005, against six billion dollars in 2002. The depressing slowdown in the Western IT market has failed to affect the region’s buoyancy, because of the aggressive government-led initiatives and the drive of businesses to migrate to leading edge and fully secure systems. We expect the momentum to gather further pace.” — (menareport.com)
© 2003 Mena Report (www.menareport.com)
