About e& enterprise

e& enterprise enables organisations across multiple sectors to maximise their digital potential. It provides advanced digital capabilities that continuously transform and enhance how companies do business by designing, delivering and operating impactful, intelligent and secure end-to-end digital solutions. e& enterprise is committed to helping our clients thrive in the digital age by leveraging resilient platforms and digital vertical value propositions.

Rapid growth and diversification in 2023

e& enterprise delivered another stellar performance during 2023, posting strong revenue and EBITDA growth that was driven by an expanded team with the experience and capabilities to navigate the complex landscape and capture opportunities for growth and value creation.

The year saw significant M&A activity to further solidify our value chain and a number of new product launches across our ever-expanding portfolio to better serve our client base. We secured key client mandates and signed lucrative E2E digital transformation deals, both within our core market and across our expanding international footprint.

At the core of e& enterprise’s business are the three pillars of excellence – People, Technology and partnerships ecosystem – that form the foundation of our capabilities and have been instrumental to our success. These pillars enable e& enterprise to consistently deliver superior service and value to clients, making them an integral part of our continued growth and achievements.

Our strategy relies on four strategic pillars:

*Lead in the UAE: e& enterprise aims to be a key driver of the UAE’s digital future, contributing to the country’s growth as a hub for technology and digitalisation in the Middle East

*Execute and operate regionally through selective M&A selective M&A in digital space are enabling e& enterprise to accelerate growth through stronger market recognition and geographical expansion

*Accelerate the use of emerging technologies leveraging strategic partnerships: e& enterprise will continue to drive innovation and accelerate digital adoption with fruitful collaborations, including partnerships with major accelerators, scale-ups and technology providers regionally and globally

*Drive a people-centric culture while nurturing talent: e& enterprise believes that our people are a key asset and therefore strives to nurture and empower our workforce while attracting and retaining the best talent in the market, with a skilled workforce consisting of industry experts branching across multiple technologies and domains

Performance and progress across our growth engines

In 2023, e& enterprise delivered a robust 32% year-on-year revenue growth, with EBITDA reaching 13%. We continued to build sustainable growth for the future with a total signed contract value (TCV) forecasted at AED 1.68 billion. In 2023, we have also grown the team of digital experts in e& enterprise to over 1,2001, representing more than 65 nationalities operating across multiple markets. We made significant progress across each of our four growth engines during the year, including:

Cloud

Offering organisations an integrated multi-cloud approach, a strong partnership ecosystem, and the best talent for managing their services. Through a customer-centric and cloud-agnostic approach, we empower governments, large-scale corporates and enterprises to realise the benefits of the cloud by simplifying the complexity of cloud and accelerating its adoption. In addition, with our customer experience practice, EngageX, we support businesses to meet their customer expectations and deliver a superior integrated experience.

2023 Performance

26%
Increase in annual
revenue
500+
Managed cloud
customers
11
Data centres in
the UAE

Cyber

2023 Performance

36%
Increase in annual
revenue
120+
Zero-day vulnerabilities
published
450+
Cybersecurity
practitioners
2 trillion+
Security events analysed
100,000+
Cybersecurity incidents managed per year

IoT and AI

2023 Performance

36%
Increase in annual
revenue
410,000+
IoT connected vehicles
1 million+
smart meters
500,000+
smart fire alarm devices connected
10,000+
connected cameras
4,000+
public health users

Fintech

Beehive 2023 Performance

15,000+
investors helping banks
1,000+
business requests funded
AED 750 million
funded, 25% increase relative to 2022

UTC 2023 Performance

560,000+ invoices processed with a total value of AED 116 billion, representing close to 70% year-on-year growth in activity

AED 211 million of interbank duplicate invoices detected, exhibiting five times year-on-year growth relative to 2022 levels