Guided by an ambitious global growth strategy, “Cybersecurity from Bahrain to the World”, CTM360’s expansion will create 120 job opportunities in Bahrain over the next 3 years.
CTM360, a Bahrain-grown cybersecurity firm, is adding an additional 120 jobs over the next three years to boost the expansion of its services. Further solidifying CTM360’s commitment to innovation and proactive strategies in the cybersecurity landscape across emerging markets, this strategic move aligns with Bahrain’s transformation agenda, where both public and private sector organisations are required to achieve tangible outcomes.
In response to escalating global cybersecurity challenges, the investment encompasses increasing its workforce and enhancing its range of customised solutions developed in Bahrain, stemming from CTM360’s decision to maintain its global headquarters in the island nation. Currently self-funded and profitable, CTM360 was founded with the mission of offering cybersecurity “From Bahrain to the World.” The company’s growth strategy targets different regions globally, with plans to continuously innovate with the growing needs of the industry, and strengthen its operations in key areas such as back-end development, delivery, operations, and sales.
Bahrain is seeing a new era of growth in digital innovations and platform businesses, adding to a thriving ecosystem of homegrown and international firms spanning a wide range of AI and big tech specialities, including e-commerce, cybersecurity, and software development. In addition to benefitting from a young, tech-savvy population, and insight from a future-ready workforce that combines highly skilled, bi-lingual, driven Bahraini nationals alongside a diverse expat talent pool offering a global perspective, businesses operate from a high retention rate and government-subsidized wages for local talent.
Known for its progressive and agile government, Bahrain has introduced pivotal tech-friendly policies, laws and regulations. Bahrain has passed key legislation designed to keep the data of businesses safe, including personal data protection law in line with GDPR, a data jurisdiction law, which creates a “data embassy,” allowing data stored in Bahrain to fall under its home country’s legal jurisdiction.
Musab Abdullah, Executive Director of Business Development, Information and Communication Technologies (ICT) at Bahrain Economic Development Board said, “We are delighted with CTM360’s decision to expand their presence and services, which is a testament to Bahrain’s role as a prominent nearshore operations hub. As a result of Bahrain’s pool of highly skilled talent, as well as the robust supporting eco-system and infrastructure, the Kingdom continues to be a location of choice for technology companies.”
Mirza Asrar Baig, Chief Executive Officer of CTM360, said, “Our expansion marks a significant milestone for CTM360 as we continue to innovate and adapt to new challenges facing the global cybersecurity landscape. By leveraging local expertise and maintaining a steadfast commitment to global standards, we are paving the way for a more secure digital future. This investment not only underscores our dedication to sustaining cybersecurity infrastructure but also reflects our commitment to creating valuable job opportunities within Bahrain. We are grateful for all the support of Bahrain EDB and their invaluable assistance in our expansion journey.” Over the past year, CTM360 has achieved remarkable milestones, extending its reach where the company currently serves more than 500 local, regional, and international customers across 40+ countries. Catering to multiple sectors, including government entities, as well as conventional and Islamic financial institutions, the company’s cultivated understanding of local cybersecurity challenges enables it to tailor solutions to meet specific regional needs, all while upholding global standards. This approach has been recognised by prominent research firms like Gartner and Frost & Sullivan, positioning CTM360 as a trusted representative vendor across various categories.
