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
