NEWS
Presight revenue for first nine months increases by 9.6 % to AED 1.17 billion
Presight AI Holding announced its results for the nine months ending 30th September 2024 with a 16.2 % YOY increase in pre-tax profit at AED 313.8 million . The company ’ s revenue for the first nine months of the year stood at AED 1.17 billion , up by 9.6 %.
Key highlights from Q324 included new domestic contracts with a government entity in Abu Dhabi , including the first commercial contract for Presight Vitruvian to deliver an audit automation platform , and a new contract between AIQ and ADNOC to implement and deploy ENERGYai , world ’ s first-of-its-kind custom-built agentic AI solution for the global energy transformation ; and a new multi-year contract with the Abu Dhabi Department of Economic Development
More recently , Presight has been recognised as the AI technology partner for several major UAE state-owned Enterprises , including Etihad Rail , AD Ports Group Digital Cluster ’ s Maqta Gateway , Masdar , Nawah Energy Company , and the Integrated Transport Centre , Abu Dhabi Mobility .
Through these partnerships , Presight is spearheading innovative AI solutions that enhance efficiency and sustainability across critical national sectors . Key initiatives include AI-driven logistics optimisation for Etihad Rail , AI-based global asset management tool for its renewable energy projects for Masdar ’ s renewable energy projects , and Smart City advancements with the ITC .
Internationally , Presight signed a multi-year contract with Jordan ’ s Ministry of Digital Economy and Entrepreneurship , MODEE , an MoU with the Ministry of Science , Technology and Innovation of the Republic of Colombia to collaborate on joint
Thomas Pramotedham
research , and new technology partnerships with SwissAI , and IDEMIA Smart Identity .
“ We are bringing Applied Intelligence to the private and public sector , accelerating the adoption of advanced AI capabilities and launching cutting-edge Applied AI products and solutions that expand our international footprint and support our long-term growth ambitions ,”, said Thomas Pramotedham , Chief Executive Officer of Presight .
Presight acquired a 51 % stake in AIQ in June 2024 , bolstering the company ’ s presence in the energy sector .
Progress and emt Distribution celebrate ten years of successful partnership
Progress , provider of AI-powered infrastructure software , announced 10 years of partnership with emt Distribution – a cybersecurity distributor in the Middle East and Africa . Together , they have empowered hundreds of organisations across the region , spanning sectors such as government , finance , oil and gas and education , to strengthen their security and IT infrastructure .
“ emt Distribution ’ s deep understanding of the Middle East market and their customercentric approach resonate with our own values , forming the bedrock of our successful partnership ,” stated Phil Dunlop , Vice President of Channels and Alliances , Progress .
“ We are excited to enter the second decade of our partnership where we expect many more chances to grow and build regional offerings within the infrastructure management and cyber security space ,” said Nandini Sapru , Vice President , emt Distribution .
Organisations are increasingly investing in robust infrastructure management solutions , including network observability , load balancing and continuous compliance , to enhance application performance , availability and resilience while safeguarding against potential issues and cyber risks .
Through the partnership between Progress and emt Distribution , organisations gain access to products within the Progress Infrastructure Management and Digital Experience portfolios , including :
Progress Flowmon : Network observability platform with AI-powered detection for cyberthreats , anomalies and fast access to actionable insights for greater network and application performance across hybrid cloud ecosystems .
Progress Kemp LoadMaster : Reliable , scalable application load balancing with layered security , available as virtual ,
Nandini Sapru
hardware and cloud-native , with powerful SaaS management .
Progress WhatsUp Gold : IT infrastructure monitoring software providing visibility into network devices , servers , virtual machines , cloud and wireless environments to quickly find and fix network problems before users are impacted .
Progress Chef : Automation software for continuous compliance and delivery of critical applications and infrastructure .
Progress MOVEit : Managed file transfer and automation software that helps customers secure sensitive files at rest and in transit , promotes reliable business processes and supports compliance with data security requirements .
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