21 DECEMBER Nexagate, Kuala Lumpur
SIGNING OF INVESTMENT AGREEMENT BETWEEN VENTURETECH AND NEXAGATE
VentureTECH announced a strategic investment of RM7 million in Nexagate Sdn. Bhd. (Nexagate), one of the leading cybersecurity service providers in Malaysia. This investment is geared towards supporting Nexagate’s expansion phase, focuses on developing its flagship Nexa Security Intel (NSI) Platform and further enhancing its portfolio of innovative cybersecurity solutions. Nexagate’s dedication to staying ahead of the evolving cybersecurity challenges aligns with VentureTECH’s mission to support locally developed technologies. With an impressive track record of vision and expertise in the cybersecurity space, VentureTECH firmly believes that this partnership will not only fuel Nexagate’s growth but will also play a pivotal role in advancing the industry. This partnership also reflects VentureTECH’s confidence in Nexagate’s potential to shape the future of cybersecurity and develop local talents, aligning with VentureTECH’s impact investment philosophy that aims to generate positive societal impacts. This partnership also supports the country’s vision of embracing IR4.0 towards creating a more equitable, inclusive, and sustainable socioeconomic growth. The collaboration between VentureTECH and Nexagate signifies a strong commitment to ad vancing cybersecurity solutions and creating a safer digital environment for businesses and individuals. As cyber threats continue to evolve, this partnership aims to contribute significantly to developing and implementing of innovative technologies that safeguard users against emerging risks. This partnership marks a significant milestone in the shared vision of VentureTECH and Nexagate as they strive to create a safer digital environment for businesses and individuals in the face of an ever-evolving cyber threat landscape.
Annual Report 2023 135
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