Investcorp Acquires Major Stake in NourNet to Accelerate Saudi Arabia’s ICT Growth
A new era in NourNet’s journey has begun with the recent investment by an entity managed by Investcorp, a leading global alternative investment manager with a strong track record of investing in Saudi Arabia since 2009. This partnership took place with a clear direction to take NourNet’s digital offerings to the next level while contributing to the Kingdom’s digital economy. NourNet is KSA’s leading digital transformation enabler that serves the Saudi market with robust cloud, connectivity, data center, cyber security, collaboration and managed services.
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A Strategic Milestone for the Saudi Digital Economy
The investment by Investcorp in NourNet is a powerful endorsement of the Kingdom’s rapidly evolving Information and Communication Technology (ICT) sector. As Saudi Arabia pushes toward a diversified, knowledge-based economy under Vision 2030, the demand for sophisticated digital infrastructure has never been higher. This capital infusion allows NourNet to scale its operations, invest in R&D for emerging technologies, and further solidify its position as the premier partner for enterprises undergoing complex digital shifts.
Expanding the Digital Transformation Portfolio
With Investcorp’s global expertise and NourNet’s local technical prowess, this partnership focuses on enhancing key service pillars:
- Next-Gen Cloud Solutions: Advancing sovereign cloud and hybrid-cloud architectures to meet local data residency laws.
- Enhanced Managed Services (MSP): Scaling 24/7 SOC and NOC operations to provide unparalleled uptime and security.
- Cybersecurity Innovation: Integrating AI-driven threat detection and response to protect the Kingdom’s critical digital assets.
- Data Center Expansion: Building out sustainable and high-density data center capacity to support the rise of Big Data and AI applications in the region.
Building Future-Ready Infrastructure for Vision 2030
This partnership is about more than just financial growth; it is about building the Digital Backbone of the future. By combining Investcorp’s strategic oversight with NourNet’s agile service delivery, we are uniquely positioned to support the Kingdom’s “Giga-projects” and government initiatives. Our goal remains to provide a seamless, secure, and innovative digital ecosystem that empowers Saudi businesses to compete on a global stage while maintaining total Data Sovereignty within the Kingdom’s borders.
To know more, please visit: Gulf News: Investcorp acquires major stake in NourNet