More about WCIT 2008
Kuala Lumpur, May 21, 2008 – Following negotiations on a synergistic collaboration, MESDAQ-listed SCAN Associates Berhad (“SCAN”), Malaysia’s leading ICT security solutions provider, today cemented its intention to expand its offerings under its Managed Security Services (“MSS”) segment following a Document Exchange Ceremony with AhnLab Inc. (“AhnLab”), the largest Korean IT security provider listed on the KOSDAQ stock exchange of Korea. The symbolic ceremony marks the intention of both parties to jointly collaborate in research and development of network security devices for the purpose of eventually developing a product or system on an Original Equipment Manufacturing (“OEM”) arrangement.
The Document Exchange Ceremony was held in conjunction with the World Congress for Information Technology 2008 event (“WCIT 2008”) currently ongoing at the Kuala Lumpur Convention Centre, marking it as the first technology-related collaboration initiative between two companies involved in the provision of ICT security services from the respective countries. Deputy Prime Minister Dato’ Seri Najib Tun Abdul Razak was present to witness the event which was organized by the Multimedia Development Corporation Berhad (“MDeC”).
Commenting on the collaboration, Group Chief Executive Officer of SCAN, Dato’ Aminuddin Baki Esa said, “Our strategic technology collaboration with AhnLab is in line with our plans to enhance offerings in the areas of Security Software Management and Hosted Services under our MSS segment. Devices such as Firewall, Intrusion Detection System, Intrusion Prevention System, anti-virus, e-mail filtering and web-content filtering, will be developed as a “Unified Threat Management System”, a single device for IT network security which will allow us to offer our customers a trusted solution for preventing cyber attacks, while providing another layer of value-add for improving operational efficiency.”
SCAN has recorded strong growth in its MSS market in 2007. In the MSS segment, revenue growth was approximately 18 per cent, i.e. from RM9.5 million in FY06 to RM11.2 million in FY07. It also registered double-digit subscriber growth in the MSS market of more than 15 per cent year-on-year. The bulk of the increase was mainly due to the increase in subscriber base from banking & finance, and the telco sector especially in Indonesia. Revenue growth from these segments increased to RM2.6 million and RM4.4 million respectively in FY07 (FY06: RM0.991 million and RM2.3 million respectively). This contributed a very encouraging growth of about 159 per cent and 94 per cent respectively.
SCAN currently offers Managed Security Services (“MSS”) covering areas such as Device Management [for e.g. Firewall, Intrusion Detection System and Intrusion Prevention System devices] and professional consultancy services (for e.g. 24 x 7 Monitoring Surveillance, Vulnerability Assessment, Penetration Testing, Security Policy Implementation, Security Posture Assessment).
“We have made our mark in the Middle East and South East Asia, while AhnLab has a strong presence in East Asian countries. Hence, this partnership will enable both parties to expand their overseas business by tapping into each other’s markets. This strategy is expected to contribute positively to SCAN’s bottom-line, particularly in our recurring income, in the next few years,” added Dato’ Aminuddin.
At the Document Exchange Ceremony, SCAN was represented by Dato’ Aminuddin. Meanwhile, AhnLab was represented by its General Manager for Global Business, Mr Ho Chul Shin and Mr Duk Young Jung, Business Development Manager for Global Business.
Home-grown SCAN is a leading company in the MSS market in Malaysia. SCAN captured the Frost & Sullivan Malaysia’s Telecoms Award for Managed Security Service Provider of the Year for 2006 and 2007. The Company provides essential support to the national ICT agenda via its end-to-end solutions to private and public sectors covering a broad range of segments. These areas include ICT security applications development, ICT security application software packages, ICT security consultancy, ICT security systems integration, provision of outsourcing services or MSS, and provision of maintenance and ICT security training services
About AhnLab Inc.
AhnLab Inc., which has its headquarters in Seoul, Korea, develops industry-leading solutions designed to secure and protect information. Innovating the information security world since 1988, AhnLab's products and services have always been designed to meet the needs of enterprises and consumers alike. En route to becoming the largest security provider in Korea, AhnLab established their V3 product family as the industry-standard for information protection. Additional solutions such as mobile device protection, online-driven consumer security, and enterprise consulting services have enabled AhnLab to grow at an incredible pace.
Branching out into Eastern Asia, AhnLab maintains a commanding presence in Japan and China, and has received a certification from the Chinese Public Security Bureau. Today, AhnLab reaches far beyond its Korean headquarters, with sales and research operations in more than 10 countries. With the goal of being a top 10 security vendor by 2010, AhnLab's previous success has paved the way for its future ambitions.
From AhnLab's inception in Korea, to its current state as a global information security provider, AhnLab's focus is unchanged; provide products and services of unparalleled quality, to accommodate a wide variety of needs in a dynamic environment.
About SCAN
SCAN Associates Berhad (SCAN), is Malaysia’s premier and trusted ICT security solutions provider. SCAN, a MESDAQ-listed company, offers an innovative range of Enterprise Encryption Suites to help businesses and customers protect their network infrastructure, information and interaction, by addressing issues relating to security, availability, compliance and performance. SCAN also offers ICT security outsourcing services through its very own Security Operation Centres – one of which is the largest in South East Asia – which covers the monitoring and surveillance of 600 security devices for more than 200 organisations. The knowledge-based organization emphasizes on delivering quality products through extensive research and development while promoting knowledge transfer to customers and the industry. SCAN has presence in Malaysia, Indonesia, Saudi Arabia, the United Arab Emirates and Syria. It has the highest concentration of internationally-certified ICT professionals in the country. Building on its strengths, SCAN is well-positioned to offer its ICT security expertise to markets in the Middle East as well as North Africa and South East Asia who look to Malaysia as an attractive option to obtain knowledge and technology.
Media Contacts:
Corporate Communication Department,
SCAN Associates Berhad,
Level 8, Menara Naluri, 161B Jalan Ampang, 50450 Kuala Lumpur.
(Tel: +603 2166 0020 or Fax: +603 2166 1020 or email us at corpcomm@scan-associates.net)
Kuala Lumpur, May 21, 2008 – Following negotiations on a synergistic collaboration, MESDAQ-listed SCAN Associates Berhad (“SCAN”), Malaysia’s leading ICT security solutions provider, today cemented its intention to expand its offerings under its Managed Security Services (“MSS”) segment following a Document Exchange Ceremony with AhnLab Inc. (“AhnLab”), the largest Korean IT security provider listed on the KOSDAQ stock exchange of Korea. The symbolic ceremony marks the intention of both parties to jointly collaborate in research and development of network security devices for the purpose of eventually developing a product or system on an Original Equipment Manufacturing (“OEM”) arrangement.
The Document Exchange Ceremony was held in conjunction with the World Congress for Information Technology 2008 event (“WCIT 2008”) currently ongoing at the Kuala Lumpur Convention Centre, marking it as the first technology-related collaboration initiative between two companies involved in the provision of ICT security services from the respective countries. Deputy Prime Minister Dato’ Seri Najib Tun Abdul Razak was present to witness the event which was organized by the Multimedia Development Corporation Berhad (“MDeC”).
Commenting on the collaboration, Group Chief Executive Officer of SCAN, Dato’ Aminuddin Baki Esa said, “Our strategic technology collaboration with AhnLab is in line with our plans to enhance offerings in the areas of Security Software Management and Hosted Services under our MSS segment. Devices such as Firewall, Intrusion Detection System, Intrusion Prevention System, anti-virus, e-mail filtering and web-content filtering, will be developed as a “Unified Threat Management System”, a single device for IT network security which will allow us to offer our customers a trusted solution for preventing cyber attacks, while providing another layer of value-add for improving operational efficiency.”
SCAN has recorded strong growth in its MSS market in 2007. In the MSS segment, revenue growth was approximately 18 per cent, i.e. from RM9.5 million in FY06 to RM11.2 million in FY07. It also registered double-digit subscriber growth in the MSS market of more than 15 per cent year-on-year. The bulk of the increase was mainly due to the increase in subscriber base from banking & finance, and the telco sector especially in Indonesia. Revenue growth from these segments increased to RM2.6 million and RM4.4 million respectively in FY07 (FY06: RM0.991 million and RM2.3 million respectively). This contributed a very encouraging growth of about 159 per cent and 94 per cent respectively.
SCAN currently offers Managed Security Services (“MSS”) covering areas such as Device Management [for e.g. Firewall, Intrusion Detection System and Intrusion Prevention System devices] and professional consultancy services (for e.g. 24 x 7 Monitoring Surveillance, Vulnerability Assessment, Penetration Testing, Security Policy Implementation, Security Posture Assessment).
“We have made our mark in the Middle East and South East Asia, while AhnLab has a strong presence in East Asian countries. Hence, this partnership will enable both parties to expand their overseas business by tapping into each other’s markets. This strategy is expected to contribute positively to SCAN’s bottom-line, particularly in our recurring income, in the next few years,” added Dato’ Aminuddin.
At the Document Exchange Ceremony, SCAN was represented by Dato’ Aminuddin. Meanwhile, AhnLab was represented by its General Manager for Global Business, Mr Ho Chul Shin and Mr Duk Young Jung, Business Development Manager for Global Business.
Home-grown SCAN is a leading company in the MSS market in Malaysia. SCAN captured the Frost & Sullivan Malaysia’s Telecoms Award for Managed Security Service Provider of the Year for 2006 and 2007. The Company provides essential support to the national ICT agenda via its end-to-end solutions to private and public sectors covering a broad range of segments. These areas include ICT security applications development, ICT security application software packages, ICT security consultancy, ICT security systems integration, provision of outsourcing services or MSS, and provision of maintenance and ICT security training services
About AhnLab Inc.
AhnLab Inc., which has its headquarters in Seoul, Korea, develops industry-leading solutions designed to secure and protect information. Innovating the information security world since 1988, AhnLab's products and services have always been designed to meet the needs of enterprises and consumers alike. En route to becoming the largest security provider in Korea, AhnLab established their V3 product family as the industry-standard for information protection. Additional solutions such as mobile device protection, online-driven consumer security, and enterprise consulting services have enabled AhnLab to grow at an incredible pace.
Branching out into Eastern Asia, AhnLab maintains a commanding presence in Japan and China, and has received a certification from the Chinese Public Security Bureau. Today, AhnLab reaches far beyond its Korean headquarters, with sales and research operations in more than 10 countries. With the goal of being a top 10 security vendor by 2010, AhnLab's previous success has paved the way for its future ambitions.
From AhnLab's inception in Korea, to its current state as a global information security provider, AhnLab's focus is unchanged; provide products and services of unparalleled quality, to accommodate a wide variety of needs in a dynamic environment.
About SCAN
SCAN Associates Berhad (SCAN), is Malaysia’s premier and trusted ICT security solutions provider. SCAN, a MESDAQ-listed company, offers an innovative range of Enterprise Encryption Suites to help businesses and customers protect their network infrastructure, information and interaction, by addressing issues relating to security, availability, compliance and performance. SCAN also offers ICT security outsourcing services through its very own Security Operation Centres – one of which is the largest in South East Asia – which covers the monitoring and surveillance of 600 security devices for more than 200 organisations. The knowledge-based organization emphasizes on delivering quality products through extensive research and development while promoting knowledge transfer to customers and the industry. SCAN has presence in Malaysia, Indonesia, Saudi Arabia, the United Arab Emirates and Syria. It has the highest concentration of internationally-certified ICT professionals in the country. Building on its strengths, SCAN is well-positioned to offer its ICT security expertise to markets in the Middle East as well as North Africa and South East Asia who look to Malaysia as an attractive option to obtain knowledge and technology.
Media Contacts:
Corporate Communication Department,
SCAN Associates Berhad,
Level 8, Menara Naluri, 161B Jalan Ampang, 50450 Kuala Lumpur.
(Tel: +603 2166 0020 or Fax: +603 2166 1020 or email us at corpcomm@scan-associates.net)
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