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Focus Malaysia
09-07-2025
- Business
- Focus Malaysia
LGMS close to acquiring 27% stake in Antarex in quest to expand regional cybersecurity presence
BURSA Malaysia's leading cybersecurity outfit LGMS Bhd has sealed a conditional share sale agreement to acquire a 27% equity interest in AI (artificial intelligence)-driven cybersecurity specialist Antarex Holdings Sdn Bhd (AHSB) for RM22.68 mil cash. This strategic investment marks a significant milestone in the collaboration between LGMS and Antarex which is aimed at advancing cybersecurity capabilities and capturing new growth opportunities across Southeast Asia. It follows on the heels of both companies having inked a memorandum of understanding (MOU) to this effect in April his year. LGMS chairman Fong Choong Fook described the investment as marking a key milestone in LGMS' regional growth strategy. It is also set to deepen the integration between LGMS' award-winning StarSentry vulnerability management platform and Antarex's advanced cyber defence suite, including Managed XNI (eXtended Network Intelligence), DarkShield and Managed XOC+ (eXtended Operations Centre+). 'Together, our combined platforms are set to deliver real-time threat detection, automated incident response and compliance-ready solutions tailored for enterprise and infrastructure-critical environments,' commented Fong. 'This partnership enables us to offer end-to-end protection across a broader segment of the market – from infrastructure operators to regional enterprises – and fast-track our presence in high-growth ASEAN markets.' As part of this expanded collaboration, LGMS will now also offer enhanced managed cybersecurity services to clients by leveraging Antarex's Managed XOC+ platform – a unified AI-driven engine that integrates Extended Detection and Response (XDR), Security Information and Event Management (SIEM), Active Response (AR) and threat intelligence. This will empower the LGMS Group to scale its security-operations-centre (SOC)-as-a-service model by offering round-the-clock threat monitoring, detection and automated remediation to clients across the region. 'By combining LGMS' deep expertise in penetration testing, cyber risk assessment and regulatory alignment with Antarex's real-time, network-level defence solutions, the LGMS Group is poised to meet growing enterprise and public sector demand for proactive, managed cybersecurity coverage,' asserted Fong. Antarex CEO Tan Pek Loon expects the alignment of technical capabilities promises to drive innovation further for both companies. 'This equity partnership supercharges our ability to jointly innovate, co-develop new solutions and deliver even greater protection to our customers across Southeast Asia,' envisages Tan. Headquartered in Singapore, Antarex was part of the inaugural cohort of the CyberBoost Catalyse Programme, an initiative by the CyberSG TIG Collaboration Centre, powered by Plexal, supported by Singapore's Cyber Security Agency (CSA) and the National University of Singapore (NUS). At the close g today's (July 9) trading, LGMS was unchanged at 90 sen with 37,100 shares traded, thus valuing the company at RM410 mil. – July 9, 2025
The Star
09-07-2025
- Business
- The Star
LGMS to acquire 27% stake in Antarex for RM23mil
PETALING JAYA: Cybersecurity service provider LGMS Bhd is proposing to acquire a 27% stake in information technology company Antarex Holdings Sdn Bhd (AHSB) for RM22.68mil. In a filing with Bursa Malaysia, LGMS said it is proposing to acquire the stake from AHSB's co-founders and directors, Tan Soon Huat and Tan Pek Loon. LGMS said the acquisition will unlock significant growth potential and synergies. 'In particular, LGMS will be able to leverage on AHSB's regional market presence to introduce its award-winning cybersecurity solution, StarSentry to a broader client base across South-East Asia. 'AHSB will also stand to benefit from the proposed acquisition through the integration of StarSentry solution into its existing suite of cybersecurity solutions, which will potentially create a robust, comprehensive and unified cybersecurity defence system.' LGMS noted that with the rapidly evolving technological ecosystem, there is a need to strengthen governance and oversight to manage the risks, which include, data privacy, cybersecurity threats, and ethical issues.
BusinessToday
25-05-2025
- Business
- BusinessToday
LGMS Solidifies Position As Gold Standard In Cybersecurity
Independent cybersecurity specialist LGMS Berhad is stepping up its game in the fast-evolving digital threat landscape, following a series of strategic moves that enhance its domestic and global market reach. Unlike many cybersecurity firms that bundle software or hardware sales with services, LGMS remains impartial by providing advisory and testing services without reselling third-party products. Its core offerings span cybersecurity assessments, penetration testing, risk management, compliance, and incident response. StarSentry: Boosting SME Cyber Defence In 2024, LGMS introduced StarSentry , a plug-and-play cybersecurity tool specifically developed for SMEs. After two years of in-house research and development, the tool enables smaller businesses to perform automated security checks without needing on-site consultants. The bundled service includes unlimited scans, consulting support, and software licensing — a model that reduces dependency on manpower while maintaining service quality. Since its launch, StarSentry has led to a 20% increase in SME inquiries and was recognised as the 'Cybersecurity Product Innovation of the Year' at the 2024 Malaysia Cybersecurity Awards. Mitsui Partnership Fuels Global Expansion LGMS's global ambitions received a major boost in April 2023 when Japan's Mitsui & Co. Ltd acquired a 25% stake in the company. This partnership has expanded LGMS's footprint to international markets including Japan, Singapore, Vietnam, and New Zealand. Overseas revenue now accounts for 22.3% of total revenue as of 1Q25, up from 16% in FY24. This expansion is key to diversifying geographical risk and strengthening the company's global competitiveness, particularly in a market increasingly focused on cybersecurity resilience. Riding the Wave of Rising Cyber Threats With Malaysia recording an average of 74,000 cyberattacks per day in 2023 and a total of RM1.22 billion in losses due to cybercrime, demand for LGMS's services has surged. Cyber threats like phishing, ransomware, and zero-day exploits continue to grow in tandem with Malaysia's rising internet penetration — projected to hit 36.8 million users by 2029. According to market research firm MarkNtel, the country's cybersecurity market is set to grow from USD1.05 billion in 2023 to USD2.17 billion by 2030, driven by e-commerce expansion and increasing digitisation across sectors. Solid Industry Credentials and Compliance Strength LGMS holds a slew of prestigious international certifications, including ISO/IEC 27001, CREST, TÜV TRUST IT, and critical Payment Card Industry (PCI) credentials such as PCI QSA and PCI 3DS Assessor. The company is also an authorised training provider for PECB and Mile2, further solidifying its standing as a trusted service provider. This compliance pedigree has helped LGMS win contracts with Malaysia's 11 Critical National Information Infrastructure (CNII) sectors, where demand rose by 30% in 2024 alone. Balancing Growth with Operational Expansion Despite posting a 12% YoY increase in revenue to RM9.6 million in 1Q25, LGMS saw a 20.9% drop in net profit to RM1.9 million, primarily due to increased employee costs from workforce expansion. However, this strategic investment in talent is expected to boost long-term service delivery and scalability. With strong fundamentals, international backing, and innovation-led offerings like StarSentry, LGMS is positioning itself as a key cybersecurity player ready to ride the wave of digital transformation — both in Malaysia and globally. Related
