Kuala Lumpur, Malaysia – Techna-X, a Malaysian-based energy storage and digital information enabler, recently announced its strategic partnership with Netsec, an information technology firm, to enhance the cybersecurity landscape across the country.
This partnership also comes with Techna-X’s acquisition of a 51% stake in Netsec, bringing together their proficiency in digital ecosystems and energy storage with Netsec’s specialisation in cybersecurity solutions.
Given the ongoing rise in cyber threats and the increasing significance of cybersecurity awareness in diverse sectors, said collaboration is also set to establish benchmarks in the integration of cybersecurity and artificial intelligence. This will further propel the development of cybersecurity technology solutions originating from Malaysia and fortify its standing as a frontrunner in the field.
Tengku Naquiyuddin Tuanku Jaáfar, executive chairman at Techna-X, said, “As Techna-X nears completion of our multifaceted corporate exercise, which will see Techna-X being recapitalized and strengthened, we are well-positioned to embark on this joint venture with Netsec, a distinguished leader in the cyber security industry.”
“We are confident that this collaboration will mark a new era of innovation and leadership in technology, further empowering Malaysia and the region in the cyber security digital domain,” he added.
Meanwhile, Azman M. Azizi, managing director at Netsec, expressed his enthusiasm about the partnership, stating, “With Netsec’s unique expertise and innovative products, this joint venture with Techna-X presents a strategic opportunity to capitalise on the burgeoning cyber security market.”
“This joint venture is more than a partnership; it’s a fusion of strengths that positions us to make a substantial impact in the dynamic world of cyber security,” Azman ended.
The strategic collaboration between the two also marks a crucial step towards expanding their market reach and capitalising on their digital proficiency and market influence.
