MAIN Market-listed cybersecurity outfit LGMS Bhd has inked a memorandum of understanding (MOU) with Antarex Holdings Sdn Bhd (AHSB) and its major shareholders to explore strategic collaboration in regional cybersecurity initiatives.
The MOU also outlines LGMS’s potential equity participation in Antarex, contingent upon the materialisation of mutually beneficial synergies.
This strategic investment – if materialised – is expected to further strengthen strategic collaboration between both companies, hence enabling deeper integration of both companies’ cybersecurity technologies and solutions.
LGMS chairman Fong Choong Fook described the strategic collaboration as “highly synergistic” as it enables LGMS to leverage Antarex’s regional network and client base to expand LGMS’s market reach of its cybersecurity offerings across potential high growth markets, including Brunei, Cambodia, Thailand, Indonesia and the Philippines.
“This strategic collaboration presents significant opportunities to introduce our StarSentry cybersecurity solution which has been recognised as the Best Cyber Security Product two years consecutively at CyberDSA 2023 and 2024 to a broader client base,” Fong pointed out.
“Tapping into Antarex’s strong regional footprint will enable us to fast-track growth and potentially significantly deepen our market reach.
“This strategic collaboration will further enhance LGMS’s core strengths, including our product innovation, client diversification and regional competitiveness.”
In welcoming LGMS’ expertise, Antarex CEO Tan Pek Loon expects the tie-up to significantly boost the capabilities of Antarex’s innovative advance cyber defence platforms.
“Collaborating with LGMS allows us to integrate StarSentry’s award-winning technology into our existing solutions, thus creating a robust, unified cybersecurity defence system,” he enthused.
“This strategic alliance positions both Antarex and LGMS to effectively address increasingly sophisticated cyber threats while empowering our clients to proactively safeguard their digital assets across Southeast Asia.”
A cybersecurity innovator headquartered in Singapore, Antarex has continued to advancing cybersecurity innovation and supporting the region’s shared efforts to build a more resilient digital ecosystem across Southeast Asia.
Antarex currently operates a suite of advanced cyber defence platforms, notably XNI (Extended Network Intelligence), DarkShield and XOR (Extended Operations & Response) which delivers real-time threat detection, automated incident response and compliance-ready support aligned with regulatory frameworks.
Moving forward, both LGMS and Antarex would also explore joint development of new cybersecurity products as well as pursue cross-selling opportunities which would in turn strengthen both companies’ competitive advantage regionally.
“As cyber threats evolve rapidly, the synergy between LGMS’ StarSentry platform and Antarex’s suite of advanced cyber defence platforms will position both companies at the forefront of regional cybersecurity defence,” envisages Fong.
“By uniting AI (artificial intelligence)-driven threat detection with automated incident response, LGMS and Antarex are committed to setting a new benchmark in cybersecurity by delivering end-to-end solutions designed to tackle complex, large-scale network security challenges across Malaysia and the broader ASEAN region.”
At the close of today’s (April 9) trading, LGMS was down 4 sen or 4.85% to 78.5 sen with 666.2 million shares traded, thus valuing the company at RM358 mil. – April 9, 2025
