Malaysia has taken a tangible step forward to become a recognised hub for next-generation cyber intelligence solutions following the signing of a landmark partnership agreement between Velum Labs Sdn Bhd (a Sapura Company) and TriCIS Ltd recently.
In commemorating the partnership, a signing ceremony was held at the state-of-the-art Velum Labs facility at Permata Sapura, Kuala Lumpur; overseen by Tan Sri Shahril Shamsuddin (President & Group CEO of Sapura), Antony Summerfield (TriCIS CEO), Baroness Annabel MacNicoll Goldie (Minister of State for Defence United Kingdom) and H.E. Charles Hay (British High Commissioner to Malaysia).
Velum Labs (a Sapura Company) is a leading home-grown cyber intelligence and cyber security company that provides enhanced cyber intelligence solutions derived from a market-leading understanding of the cyber-attack methodology.
TriCIS is a UK-based specialist in designing and engineering highly secure integrated solutions that meet the highest government and military security standards. With over four decades of experience, TriCIS is a trusted supplier to the United Kingdom’s Ministry of Defence and the North Atlantic Treaty Organisation (NATO).
The partnership agreement will see Velum Labs and TriCIS provide its capability to government and private sector clients across the region; under a joint UK and Malaysia bilateral agreement.
Tan Sri Shahril Shamsuddin, President & Group CEO of Sapura, said, “We are appreciative of the trust and confidence TriCIS has placed in Velum Labs, making full use of our skill set and track record in the cyber security and cyber intelligence space.”
He added, “As we are managed and operated by local talent, this partnership is clearly reflective of the world-class capabilities and technical know-how that is inherent in our Malaysian work-force.”
“By joining forces with TriCIS, we are able to leap forward in terms of innovation and out-of-the-box solutions that can place Malaysia at the forefront of sovereign telecommunications technology while meeting our country’s need to create high-value jobs for its citizens,” he added.
According to Mordor Intelligence, the Global Defense Cybersecurity Market was valued at USD16.22 billion in 2020, and it is expected to reach USD28.53 billion by 2026, registering a CAGR of approximately 10.51% during the forecast period (2021-2026). The report also highlighted that Asia Pacific is the fastest-growing region for this market.
Antony Summerfield, CEO of TriCIS, said, “We are delighted to be working together with Velum Labs as their technical know-how and software expertise in cyber security and cyber intelligence will prove invaluable in creating highly advanced solutions that are able to meet the defense and security needs of countries and industries in the region and across the world.”
“We also look forward to leveraging on Malaysia’s talent and its close relationship with countries across the region to expand our presence within this fast-growing and dynamic market,” he concluded.
