Malaysia is second in Asean and 23rd in the world in term of artificial intelligence readiness. We have an attractive landscape for multinational companies to relocate high- tech manufacturing here and considering this Malaysia has attracted investments such as Google, Amazon Web Services (AWS), Microsoft and Nvdia. 

The aggressive adoption of new technologies such as AI and cloud computing however could expand potential prime targets for cyber threats such as; data leak, data breach and ransomware attacks. To date, the top five industries affected by cyberattacks are manufacturing, technology, media and telco, professional services, and retails. These evolving cyber threats underscore the need for Malaysian corporations and government agencies to strengthen their cyber defends.

How Theta Edge could assist from here. 

Lembaga Tabung Haji is its largest shareholder with a 27.28% stake, followed by Threadstone Capital Sdn Bhd with 13.56%. Theta has a comprehensive cybersecurity system that could reinforce digital fortress. With expertise they have, Theta understands local market dynamic and poise to drive a paradigm shift in Malaysia’s digital landscape.

Theta has deployed their system with few organisations intended for digital identity products, private enhancement, and interoperability. Collectively Theta has appointed Wepay System Sdn Bhd as the exclusive technology partner to develop a fully integrated and multi-functional digital platform for Malaysia.

In concurrence to digital transformation and strengthening cyber defends, Theta has entered an MOU with Cybernetica to develop digital identity solution and cybersecurity. This alliance signifies its relentless pursuit of bringing technology and solutions to Malaysia and the broader ASEAN region.

As of last year, Theta has entered an MOU with Novamsc Sdn Bhd an E-Solutions provider to join forces on healthcare, public sector and applied Artificial Intelligence (A.I). this strategic partnering will benefit e-government solution and ready to deploy software.

Moreover, Theta has been shortlisted to get the cake for National Integrated Immigration System (NIIse). This new system is equipped with the latest technologies such as AI, Internet of Things (IoT) and Big Data Analytics (BDA), and multifactor authentication. An important phase to ensure country is protected from increasingly challenging security threat. This most anticipating news will be released soon.

Moving forward, many more exciting news in the pipeline to be announced as Theta in the midst exploring new growth with global players for installation of solutions and project management works and building infrastructure, and securing government contracts. This monetisation of core products will drive Theta’s journey towards a market capitalisation of RM2 billion. 

Regards,

Lily of the valley