VentureTECH Sdn Bhd (VentureTECH) announces a strategic investment of RM7 million in Nexagate Sdn Bhd (Nexagate), one of the leading cybersecurity service providers in Malaysia, to develop its flagship Nexa Security Intel (NSI) Platform.
In a statement, it said this investment is geared towards supporting Nexagate’s expansion phase, which will further enhance its portfolio of innovative cybersecurity solutions.
Nexagate, renowned for its cutting-edge technologies and steadfast commitment to enhance digital security, has emerged as a key player in the cybersecurity industry.
“Offering a comprehensive suite of services, including risk compliance, security posture assessments, and Security Operation Centre (SOC) as-a-service, Nexagate helps businesses and government organisations to fortify their cybersecurity defences against cyber threats.
“The provision of such services not only safeguards entities from potential risks but also contributes to narrowing the digital divide,” it said today (Dec 21).
VentureTECH said Nexagate’s offerings facilitate the adoption of digital technologies, fostering economic growth and create new job opportunities, especially as small and medium enterprises (SMEs) may face constraints in implementing cybersecurity measures.
Its chief executive officer Ahmad Redzuan Sidek expressed the group’s excitement to announce its partnership with Nexagate, a company at the forefront of cybersecurity innovation.
“(In the era of advanced technology), the collaboration is poised to make significant strides. As our reliance on interconnected systems and digital data continues to grow, protecting sensitive information and digital assets has become imperative.
“Nexagate’s dedication to staying ahead of the evolving cybersecurity challenges aligns with VentureTECH’s mission to support locally-developed technologies,” he said.
Ahmad Redzuan said with an impressive track record of vision and expertise in the cybersecurity space, we firmly believe that this partnership will not only fuel Nexagate’s growth but will also play a pivotal role in advancing the industry.
“This partnership also reflects VentureTECH’s confidence in Nexagate’s potential to shape the future of cybersecurity and develop local talents, aligning with the group’s impact investment philosophy that aims to generate positive societal impacts.
“This partnership also supports the country’s vision of embracing IR4.0 towards creating a more equitable, inclusive, and sustainable
socioeconomic growth. Together, we aim to set new standards and fortify the digital realm against emerging threats,” Ahmad Redzuan added.
At the heart of Nexagate’s expansion is the Nexa Security Intel (NSI) Platform, an in-house solution designed to provide a complete cybersecurity visibility.
The solution allows stakeholders can make critical decisions in strengthening their overall cybersecurity posture.
NSI is poised to set new standards by harnessing the power of artificial intelligence and machine learning, offering enterprises and government organizations robust defense against the ever-evolving landscape of cyber threats.
Nexagate managing director Khairil Effendy Ahmad Dhman Huri said the company has grown from humble beginnings since 13 years ago.
“Today, we feel truly fortunate in this journey. Our partnership with VentureTECH is a key step in unlocking our potential as a global cybersecurity powerhouse.
“We’re not just securing our nation’s cyberspace, with our deep expertise and powered with our Nexa Security Intel (NSI) digital platform, we aim to be a worldwide force for digital safety,” Khairil Effendy added.
The collaboration between VentureTECH and Nexagate signifies a strong commitment to advancing cybersecurity solutions and creating a safer digital environment for businesses and individuals.
“As cyber threats continue to evolve, this partnership aims to contribute significantly to the development and implementation of innovative technologies that safeguard users against emerging risks,” it said.
