The COVID-19 pandemic brought unprecedented challenges for technology companies worldwide. While many struggled to secure funding and faced layoffs, a Bahrain-based cybersecurity technology firm, CTM360, has defied the odds.
Founded in 2014, CTM360 has emerged as a leading player in the global market, standing out as the only self-funded tech vendor in the Middle East that has been mentioned in Gartner, Forrester, Frost & Sullivan emerging technology reports. The company has achieved remarkable success while prioritising fresh talent and breaking down hierarchical barriers.
Surviving the funding drought
As the pandemic led to a slowdown in VC funding for tech companies globally, obtaining financial backing became a progressively daunting task. However, CTM360 has taken a different path. By being entirely self-funded, the company has not only weathered the storm but also flourished amidst adversity. While other startups grappled with downsizing and layoffs, CTM360’s financial independence has allowed it to maintain stability and focus on growth.
Innovative solutions in cybersecurity
“Just like any other challenge, the rise in cyber threats presents an opportunity. Ambitious, innovative and homegrown cybersecurity companies are emerging, and increasingly seeking to partner with international corporations,” said Mirza Baig, CEO, CTM360.
CTM360 specialises in developing scalable platforms that utilise open-source intelligence and data scouting to identify critical information across the Surface, Deep, and Dark web. These in-house developed platforms have recently also been recognised by Frost and Sullivan as the Global Innovative Technology leader in the Digital Risk Protection industry.
The fresh talent advantage
With a rapidly increasing workforce that has now reached 100+, a notable aspect of CTM360’s recruitment strategy is its emphasis on hiring fresh graduates. By valuing agility, rapid learning, self-discipline, problem-solving, and collaboration, CTM360 fosters a culture of innovation and open-mindedness. This approach allows young and talented individuals to contribute to the company’s success and stay at the forefront of the ever-evolving technology industry.
Breaking hierarchical barriers
The vendor has implemented a unique organisational structure that emphasizes transparency and collaboration under the system of Holacracy. Unlike traditional hierarchies, every employee at CTM360 has direct access to the CEO, encouraging open communication, meetings, and questions. This approach creates a more inclusive and the most agile work environment where every voice is heard and valued. By eliminating hierarchical barriers, CTM360 fosters a sense of ownership and promotes a collaborative spirit among its employees.
