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KUALA LUMPUR - VCI Global Limited (NASDAQ:VCIG) announced Tuesday it has acquired Secure Encryption Storage Limited (SES), an encryption hardware company with 129 patents and deployments across more than 100 organizations in Asia. The company, which maintains impressive gross profit margins of 54% and showed strong revenue growth of 37% in the last twelve months according to InvestingPro data, continues to expand its technological capabilities.
The acquisition, made through VCIG’s portfolio company QuantGold Data Group Limited, gives VCIG exclusive distribution rights to SES’s product suite in certain Southeast Asian regions, targeting institutional and enterprise clients. With a robust current ratio of 9.36 and more cash than debt on its balance sheet, VCIG appears well-positioned to support this strategic expansion. InvestingPro analysis reveals 14 additional key insights about VCIG’s financial position.
SES’s hardware is built on both symmetric and asymmetric cryptographic standards and designed to withstand quantum decryption threats, according to the company’s press release. Select devices have achieved EAL4 certification, making them suitable for national cybersecurity applications.
The acquired company’s technology has been deployed across government agencies, telecom operators, financial institutions, aviation networks, and mobile device manufacturers in Asia. Its product portfolio includes military-grade encrypted storage systems, encrypted GPU and AI services, secure mobile communication devices, and data intelligence hardware.
"Our commitment is clear: VCIG is here to build the trusted foundation for sovereign AI. We are not just reacting to cybersecurity threats—we are investing to eliminate them at their root," said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global.
SES’s encryption stack will be integrated into QuantGold’s sovereign AI infrastructure, enabling encrypted data processing across sectors such as finance, healthcare, and critical infrastructure.
The global cybersecurity market is projected to exceed $425 billion by 2030, while the AI data monetization sector is expected to surpass $400 billion by 2035, according to figures cited in the company statement. Currently trading near its 52-week low, VCIG appears undervalued based on InvestingPro’s Fair Value analysis. Discover comprehensive insights about VCIG and other cybersecurity stocks through InvestingPro’s detailed research reports, available for over 1,400 US-listed companies.
In other recent news, VCI Global Limited has announced a projected 41% increase in revenue for the fiscal year ending December 31, 2025, with a 30% rise in net profit. The company attributes this growth to its expanding technology and consulting services and plans to launch an IPO for its subsidiary, V Capital Consulting Group Limited, in the third quarter of 2025. Additionally, VCI Global has introduced Project QG, a platform aimed at enhancing data sovereignty and monetization, which is now in the proof-of-concept phase. The company has also launched the QuantGold Data Platform, an encrypted AI infrastructure designed to process sensitive data while maintaining privacy. In another development, VCI Global’s fintech subsidiary, Credilab Sdn Bhd, has secured a $1 million investment from Triple Helix Capital Ltd to boost its digital lending operations in Southeast Asia. This comes after Credilab reported a 116% revenue increase year-over-year in the first half of 2024. Furthermore, VCI Global has appointed Alex Chua as Executive Director and CEO of its Singapore office to strengthen its leadership team. These initiatives reflect VCI Global’s strategic focus on growth and innovation across its diverse sectors.
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