NourNet

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NourNet - overview

Established

1999

Location

Riyadh, -, Saudi Arabia

Primary Industry

Internet

About

NourNet is a digital transformation enabler in Saudi Arabia, specializing in managed services, cloud solutions, and data center operations to assist businesses in their transition to digital platforms. Founded in 1999, NourNet is headquartered in Riyadh, Saudi Arabia, and focuses on providing comprehensive ICT solutions. The company has undergone strategic growth, with its latest significant development being the acquisition of a majority stake by Investcorp on October 3, 2022, enhancing its service offerings and geographic presence. NourNet offers a wide range of services aimed at facilitating digital transformation in various sectors.


Its core services include managed system maintenance, cloud solutions in partnership with Microsoft, AWS, and Oracle, and a robust triple-tier data center located north of Riyadh. The company's offerings cater to diverse industries, helping clients improve operations, enhance cybersecurity, and utilize advanced technologies such as artificial intelligence and data analytics. NourNet's revenue model comprises subscription-based managed services, cloud service partnerships, and direct B2B engagements. The company provides tailored ICT solutions, including managed LAN, WAN, firewall, and cybersecurity services, structured to meet individual client needs.


This ensures predictable revenue streams while supporting clients in maintaining operational continuity and security in their digital environments. With the acquisition by Investcorp, NourNet aims to enhance its service offerings and expand its geographic footprint both organically and through potential acquisitions. The company is focusing on launching new products and services to meet evolving market demands, although specific product launch dates are not disclosed. The recent funding will be instrumental in supporting these growth initiatives, aiming to strengthen NourNet's position in the digital landscape of Saudi Arabia.


Current Investors

Investcorp

Primary Industry

Internet

Sub Industries

Internet

Website

www.nour.net.sa

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

NourNet - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedNourNet-

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NourNet - employee data

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