EDGE expands portfolio with acquisition of Oryxlabs

Image credit: EDGE Group

UAE’s EDGE Group has acquired OryxLabs, an Abu Dhabi-based cybersecurity company, as part of the defence firm’s strategy to expand its portfolio and provide advanced solutions to solve critical pain points in cybersecurity, both locally and internationally.

“EDGE’s rapid growth and increasing emphasis on creating sovereign capabilities necessitate pursuing opportunities that enhance our capabilities and expand our offerings. Adding OryxLabs into the Group is a logical step, enabling us to elevate our portfolio of advanced technology solutions,” said Mansour AlMulla, managing director and CEO of EDGE.

Founded in 2020, OryxLabs currently employs three proprietary solutions:

• Vulncano is used to identify malicious actors or discover weaknesses within an entity’s own environment.
• Discovery, an external attack surface monitoring platform.
• DNS Firewall, which monitors outgoing DNS traffic from an organisation’s network and remotely operated computers to ensure existing endpoint devices do not access any malicious website.

The company’s proven track record and its ability to deliver advanced solutions are expected to provide tangible benefits to EDGE. It offers tailored cybersecurity solutions to guard against emerging cyber threats.

The acquisition aligns with our ongoing expansion into the field of cybersecurity and is expected to provide the company with advanced solutions to address critical pain points in cybersecurity, both locally and internationally.

— EDGE (@_edgegroup) July 6, 2023

EDGE’s growth strategy is powered by the advanced programmes and initiatives offered at its recently opened state-of-the-art Learning & Innovation Factory, an Industry 4.0 operational excellence and advanced technology learning and demonstration centre that combines theory, technology and practice under one roof to drive modernisation while encouraging new approaches to its day-to-day challenges across portfolio companies.

EDGE’s growing portfolio

Meanwhile, EDGE is opening LATAM regional office in Brazil, as the UAE’s defence equipment maker continues to grow its global footprint. The company bagged contracts worth $5bn at the IDEX 2023 defence exhibition in Abu Dhabi in February and more than $1.1bn of which were in international export deals.

The defence firm was launched in November 2019 following the consolidation of 25 government-owned and independent defence companies by the UAE Government. Since its founding three years ago, EDGE has risen into the upper echelons of the global defence industry with a portfolio that spans both the defence and civilian realms.

Today, the defence group’s portfolio is made up of 20 subsidiaries consolidated into four clusters, capable of manufacturing a range of advanced products and solutions covering autonomous systems, precision munitions, land systems, small arms, shipbuilding, secure communications, intelligence, electronic warfare, precision manufacturing and training.

Last year, the Abu Dhabi-based firm had an order intake above $5bn – of this figure, $1.5bn or 30 per cent of total order intake, was in export sales, a 500 per cent year-on-year increase from the previous year.

Read: UAE’s EDGE expands global footprint with Brazil office