Malaysia-based cyber security firm LGMS Berhad has completed the MYR 22.68 million ($5.66 million) acquisition of 3.09 million or 27 percent shares in advanced cyber defense technology company Antarex Holdings Sdn Bhd.

LGMS said in a statement on Thursday that the acquisition was fully funded from internal cash reserves, supported by the firm’ relatively strong cash position.

According to the statement, the development reflects both companies’ shared vision to deliver integrated, artificial intelligence (AI)-powered cybersecurity solutions across Southeast Asia.

LGMS chairman Fong Choong Fook said the investment strengthens the group’s regional growth strategy and deepens integration between LGMS’ StarSentry vulnerability management platform and Antarex’s cyber defense suite, including Managed XNI, DarkShield and Managed XOC+.

“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.

As part of the expanded collaboration, LGMS would also enhance its managed cybersecurity services by leveraging Antarex’s Managed XOC+ platform, enabling the group to scale its Securities Operations Center-as-a-Service offering with round-the-clock monitoring, detection and automated remediation for clients across the region.

Antarex is headquartered in Singapore and was part of the inaugural CyberBoost Catalyze Program, supported by the Cyber Security Agency of Singapore and the National University of Singapore.

InsiderSecurity, CyberSecurity Malaysia team up to bolster Malaysia’s cyber resilience