VCI Global Secures Exclusive Distributorship for Military-Grade AI-Powered Cybersecurity Solution in the US$280 Billion Global Market
January 15 2025 - 8:38AM
VCI Global Limited (NASDAQ: VCIG) (“VCI Global,” or the “Company”),
is proud to announce its exclusive distributorship of Secure
Encryption Storage Limited (“SES”) for Data Security Solutions
(“SES Solutions”) in Malaysia. Powered by AI, SES Solutions provide
advanced features such as real-time threat detection, virus
defense, data encryption, and multi-channel backup. Trusted by over
300 clients, including Fortune 500 companies and government
agencies, SES is a leading choice for safeguarding enterprise data
and combating cyber threats.
According to Check Point Research, the urgency
of addressing cybersecurity risks is highlighted by a 30%
year-over-year increase in global cyberattacks, with organizations
facing an average of 1,636 cyberattacks per week. In response to
the rising threat landscape, leading technology players have taken
significant steps to enhance data protection. Inetum has partnered
with Rubrik, Inc. to improve data protection and recovery, while
IBM Corporation launched the Guardium Data Security Center,
offering AI and quantum-safe features for unified data protection.
At the same time, Salesforce, Inc. has completed its US$1.9 billion
acquisition of Own Company, leveraging the latter’s data protection
and management solutions to enhance the security and compliance of
customer data across the Salesforce platform. These strategic
initiatives reflect the increasing demand for robust cybersecurity
solutions.
According to Statista, the global cybersecurity
market is projected to reach around US$280 billion by 2029, fueled
by advancements in AI and the growing need for enhanced security.
In Malaysia, the cybersecurity market is expected to grow from
around US$500 million in 2025 to approximately US$800 million by
2029. In response to this growth, VCI Global is positioning itself
to capture 3% of the Malaysian market, with expected revenues
surpassing US$15 million within the first two years of its
partnership.
“Securing the exclusive distributorship of SES
Solutions in Malaysia is a major step forward in our strategy to
expand within the dynamic cybersecurity sector. Looking ahead, VCI
Global plans to expand into neighboring countries in Asia, and
eventually into Europe and the US, bringing cutting-edge
cybersecurity solutions to a broader global market,” said Dato’
Victor Hoo, Group Executive Chairman and Chief Executive Officer of
VCI Global.
About VCI Global Limited
VCI Global is a diversified holding company
headquartered in Kuala Lumpur, Malaysia. The Company operates
through five core businesses: Capital Market Consultancy, Fintech,
Real Estate, AI & Robotics, and Cybersecurity. In Capital
Market Consultancy, we provide IPO solutions, investor relations
(IR) and public relations (PR) consultancy, and M&A
consultancy. Our Fintech arm offers a proprietary financing
platform. In Real Estate, we offer specialized real estate
consultancy services. The AI business delivers GPU servers, GPU
cloud computing services, AI and large language model (LLM)
solutions, while the Robotics segment focuses on post-harvest
robotics systems. Our Cybersecurity segment provides comprehensive
cybersecurity consultancy services and solutions. Committed to
fostering innovation and delivering exceptional value, VCI Global
has established a strong presence across the Asia-Pacific region,
the United States, Europe, and the Middle East, driving growth and
transformation on a global scale.
For more information on the Company, please log on to
https://v-capital.co/.
About Secure Encryption Storage Limited
Secure Encryption Storage Limited is a
professional data security service provider. Focusing on data
protection, providing one-stop data security services and one-stop
software and hardware solutions. Continuously committed to
improving customer data protection and security, empowering
customer business data security, and ensuring the security of
digital assets.
For further details about the Company, please visit
https://www.secures.hk/.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company’s ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
“intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential” or similar words. These forward-looking statements are
based only on our current beliefs, expectations, and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks, and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Therefore, you should not rely on
any of these forward-looking statements. Actual results could
differ materially from those described in these forward-looking
statements due to certain factors, including without limitation,
the Company’s ability to achieve profitable operations, customer
acceptance of new products, the effects of the spread of
coronavirus (COVID-19) and future measures taken by authorities in
the countries wherein the Company has supply chain partners, the
demand for the Company’s products and the Company’s customers’
economic condition, the impact of competitive products and pricing,
successfully managing and, general economic conditions and other
risk factors detailed in the Company’s filings with the United
States Securities and Exchange Commission (“SEC”). The
forward-looking statements contained in this press release are made
as of the date of this press release, and the Company does not
undertake any responsibility to update the forward-looking
statements in this release, except in accordance with applicable
law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITEDenquiries@v-capital.co
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