- VCI Global (VCIG, Financial) expands into the encryption sector with QuantGold's acquisition of Secure Encryption Storage Limited (SES).
- SES holds 129 encryption patents and has deployments in over 100 institutions across Asia.
- The acquisition aligns with the projected $425 billion cybersecurity market by 2030 and $400 billion AI data monetization market by 2035.
VCI Global (VCIG) has made a strategic entry into the encryption infrastructure sector through its portfolio company, QuantGold, acquiring Secure Encryption Storage Limited (SES). SES is a leader in encryption hardware, holding 129 encryption patents, and has a strong presence in Asia with deployments in more than 100 institutions, including government agencies and telecom operators.
This acquisition is set to provide VCIG exclusive distribution rights for SES’s products in select parts of Southeast Asia, including military-grade encrypted storage systems and secure AI services. This positions VCIG to tap into two significant market opportunities: the global cybersecurity market, which is projected to exceed $425 billion by 2030, and the AI data monetization sector, expected to surpass $400 billion by 2035.
SES's technology, featuring symmetric and asymmetric cryptographic standards and quantum decryption threat resilience, will be integrated into QuantGold's sovereign AI infrastructure platform. This integration aims to provide enhanced encryption capabilities for secure AI data processing across high-security sectors such as telecommunications, finance, and national infrastructure.
Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global, stated, "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."
