Kuala lumpur: Cybersecurity services provider LGMS Bhd has announced its proposal to acquire a 27% stake in Antares Holdings Sdn Bhd for RM22.68 million. The acquisition represents a strategic investment that highlights a significant milestone in the collaboration between LGMS and Antares, aiming to enhance cybersecurity capabilities and seize new growth opportunities across Southeast Asia.

According to BERNAMA News Agency, the acquisition aligns with both companies’ vision to provide integrated, AI-powered cybersecurity solutions throughout the region. The move follows a memorandum of understanding signed earlier this year between LGMS and Antares. Headquartered in Singapore, Antares was part of the inaugural cohort of the CyberBoost Catalyse Programme, facilitated by the CyberSG TIG Collaboration Centre, and supported by Singapore’s Cyber Security Agency and the National University of Singapore.

LGMS chairman Fong Choong Fook emphasized that the investment is pivotal for LGMS’ regional growth strategy. He highlighted that the combined platforms of both companies are poised to deliver real-time threat detection, automated incident response, and compliance-ready solutions, especially for enterprise and infrastructure-critical environments. This partnership is expected to provide comprehensive protection to a wider market segment, from infrastructure operators to regional enterprises, and expedite LGMS’ presence in the rapidly growing ASEAN markets.

Antares CEO Tan Pek Loon noted that the collaboration aligns the technical capabilities of both companies, fostering further innovation. He remarked that the equity partnership will enhance their capacity to jointly innovate, co-develop new solutions, and offer superior protection to customers across Southeast Asia. Tan also mentioned that the CyberBoost Catalyse programme played a crucial role in equipping innovative cyber companies with the necessary knowledge and connections to accelerate their growth plans.