Twenty-seven percent stake in advanced cyber defense technology company Antarex acquired by LGMS
The cyber security company LGMS Berhad, based in Malaysia, has successfully paid MYR 22.68 million ($5.66 million) for 3.09 million shares, or 27% of the advanced cyber defense technology company Antarex Holdings Sdn Bhd.
According to a statement from LGMS, the acquisition was entirely financed by internal cash reserves, which were bolstered by the company’s comparatively strong cash position.
The statement claims that the development is in line with both businesses’ common goal of providing Southeast Asia with integrated cybersecurity solutions driven by artificial intelligence (AI).
According to LGMS chairman Fong Choong Fook, the investment deepens integration between Antarex’s cyber defense suite, which includes Managed XNI, DarkShield, and Managed XOC+, and LGMS’ StarSentry vulnerability management platform, strengthening the organization’s regional growth strategy.
“Together, our combined platforms are designed to deliver real-time threat detection, automated incident response and compliance-ready solutions for enterprise and infrastructure-critical environments,” he said.
By utilizing Antarex’s Managed XOC+ platform, LGMS would improve its managed cybersecurity services as part of the expanded partnership. This would allow the group to scale its Securities Operations Center-as-a-Service offering with 24-hour monitoring, detection, and automated remediation for clients throughout the region.
With its headquarters located in Singapore, Antarex participated in the first CyberBoost Catalyze Program, which was funded by the National University of Singapore and the Cyber Security Agency of Singapore.
