LGMS Bhd, an independent provider of professional cybersecurity services, has recently inked an underwriting agreement with its sole underwriter, UOB Kay Hian Securities (M) Sdn Bhd. in preparation for its listing on the ACE Market of Bursa Malaysia Securities Berhad.
LGMS and its subsidiaries and associate company is primarily involved in cybersecurity assessment and penetration testing, cyber risk management and compliance, and the provision of digital forensics and incident response services.
The LGMS Group has been providing professional cybersecurity services since 2005 and has been recognized by CyberSecurity Malaysia, International Data Corporation (IDC), and other industry bodies (including accreditation and certification bodies) for its services and contribution to cybersecurity market.
LE Global Services Sdn Bhd, a subsidiary of LGMS, was awarded the ‘Cyber Security Company of The Year’ in 2017 by CyberSecurity Malaysia. The LGMS Group also has an established strategic partnership with TÜV Trust IT GmbH Unternehmensgruppe TÜV Austria (“TÜV TRUST IT”) through LGMS’ associate company, TUV Austria Cybersecurity Lab Sdn Bhd, providing testing and certification services to international customers. TÜV TRUST IT is part of the TÜV Austria Group and is globally recognised in the field of information security and data protection as an objective, independent partner for consulting and certification services with an international customer base from across a wide range of industries.
Executive Chairman Mr. Fong Choong Fook said: “Providing independent cybersecurity service offerings which demand an impartial approach has been a critical success factor for the LGMS Group. This upholds the integrity of our services and is instrumental in building our customers’ trust and confidence.
Our key clients include major financial institutions and insurance companies, multinational companies and government agencies.
LGMS’ position as the cybersecurity industry frontrunner is backed by our established track record, our technical know-how and tangible action. We have been the first cybersecurity company in Malaysia to gain numerous accolades, certifications and international recognition, contributing to the growth of the local cybersecurity market.
The signing of the underwriting agreement marks a key milestone in our IPO journey. We have timed the IPO to fit our expansion plans and are now finalizing our prospectus for the launch to take place in the coming weeks. Southeast Asia is experiencing rapid growth in the digital technology sector, and the increasing reliance on the internet also brings about security threats that can cause immense damages. Backed by the proceeds from the IPO, we will be scaling up our operations both within Malaysia and regionally being Singapore, Vietnam, and Cambodia.”
