Noventiq (Noventiq Holdings PLC) is a leading global solutions and services provider in digital transformation and cybersecurity, headquartered in London. The company enables, facilitates, and accelerates digital transformation for its customers’ businesses, connecting 80,000+ organizations across all sectors with a vast selection of best-in-class IT vendors, alongside its own services and solutions.
Noventiq delivered record gross revenue of $1.6 billion for the 12 months to March 31, 2023, an increase of 52% in constant currency. The company’s growth is underpinned by its three-dimensional strategy to expand its markets, portfolio, and sales channels. The strategy is supported by an active approach to M&As which enables Noventiq to take advantage of the ongoing consolidation in the industry.
Noventiq's 6,400 employees work in approximately 60 countries throughout Asia, Latin America, Europe, Middle East, and Africa—markets with significant growth potential. In May 2023, Noventiq announced its intent to list on Nasdaq through a proposed business combination with Corner Growth Acquisition Corp.
To learn more about Noventiq, visit https://www.noventiq.com
“With another Cybersecurity Awareness Month upon us, it’s a timely reminder of how important ongoing education and upskilling in the sector is - across all levels. We’ve seen several major cybersecurity incidents make waves across APJ, such as the Latitude and MOVEit data breaches, fueling ongoing conversations around how data is stored. The conversation is shifting from how a hack happened, to how organisations are protecting data, particularly how they are storing it. Data breaches are not only a threat towards reputation, attackers can also encrypt data, making it unrecoverable. Businesses should no longer think “if we get hacked” but rather, “when we get hacked, what is our recovery plan?”. By ensuring data recoverability, businesses can ensure business continuity in the case of a cyberattack.
Veeam’s 2023 Ransomware Trends Report revealed an overall increase in cybersecurity investment from organisations across Asia Pacific, with cyber prevention and backup budgets increasing by 5.4% and 5.6% respectively. For organisations to fully benefit from this increased investment, it is essential that they maintain strong communication across teams within the business, such as between IT and senior management. This ensures there is a clear and consistent cyber strategy in place with a business continuity plan to ensure efficient recovery in the case of an attack.
IT leaders need to prepare their businesses for any attack. Finding the right backup solution and storing data smartly are precautions that businesses should take in addition to ongoing education and upskilling of employees on how to evaluate new technologies. Regularly maintaining the security of users, networks and data can reduce the chances of getting hacked and minimise data recovery time in the case of a breach.” Mr Sandeep Bhambure, Managing Director and Vice President -India & SAARC, Veeam Software.
