VCI Global stock rises after acquiring encryption hardware company
Investing.com -- VCI Global Limited (NASDAQ:VCIG) stock rose 2% after the company announced that its portfolio company QuantGold Data Group Limited acquired Secure Encryption Storage Limited (SES), an encryption hardware company with 129 patents.
The acquisition gives VCI Global exclusive distribution rights for SES’s product suite in certain Southeast Asian regions. SES has deployed certified encryption devices across more than 100 organizations in Asia, including government agencies, telecom operators, financial institutions, airlines, and smartphone manufacturers.
SES’s hardware portfolio includes military-grade encrypted storage systems, encrypted GPU and AI services, secure mobile communication devices, and data intelligence hardware. The company’s technology utilizes symmetric and asymmetric cryptographic standards and includes devices with EAL4 certification for national cybersecurity applications.
"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 Chief Executive Officer of VCI Global.
The encryption technology will integrate with QuantGold’s sovereign AI infrastructure platform, which processes encrypted data across finance, healthcare, and critical infrastructure sectors. QuantGold operates as an encrypted data platform using over 120 encryption patents and focuses on markets including Malaysia, Singapore, and Hong Kong.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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