“ICT Misr” and “IoT Misr” Achieve Unprecedented Expansion in 2024, Plan to Double Operations in 2025

بواسطة FinTech Gate في مارس 5, 2025

Both “ICT Misr”, an industry leader in integrated technology solutions, and “IoT Misr”, a specialized leader in Internet of Things (IoT) and smart cities, have achieved remarkable and unprecedented growth across all their operations in 2024. This includes the creation of new sectors and the addition of new business lines. The two companies also plan to double their business volume in 2025.

Eng. Mohamed El-Mofty, CEO of “ICT Misr”, stated that the company successfully grew its business by 200% in 2024 compared to 2023. Notably, partnerships with “Dell Technologies” saw a significant increase, now accounting for more than 40% of the company’s total business, with expectations for further growth in 2025.

He added that the company’s cybersecurity division saw a 60% increase in business compared to 2023, due to successful collaborations with leading global companies such as Proofpoint, Fidelis, and Netwitness. Additionally, “ICT Misr” saw growth and diversification in the digital solutions it offers to the banking sector, which now represents 60% of its business, and significant improvements in services to the government sector, with further growth anticipated in both areas.

One of the company’s major achievements in 2024 was the 56% growth in its partnership with Veritas, compared to 2023. This represents a significant step in strengthening the company’s presence and leadership in the Egyptian market, with expectations to continue expanding and doubling operations in 2025.

On the other hand, Eng. Amr Nour, CEO of “IoT Misr”, confirmed that the company achieved remarkable success in 2024, expanding its services to the banking sector and adding two new business units: Light Current and Passive Network. These and other expansion activities contributed to the company’s tenfold increase in business in 2024, compared to 2023.

He added that “IoT Misr” underwent significant structural developments across all levels of its operations in 2024, including a rebranding effort, in addition to securing major contracts with both the public and private sectors. Mr. Nour confirmed that “IoT Misr” aims to double its business in 2025, with plans to further expand its smart city initiatives and increase services and contracts within this sector in the coming year.

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