PETALING JAYA: Ekuiti Nasional Bhd (Ekuinas) is investing in managed security service provider Bluesify Solutions Sdn Bhd to capitalise on the fast-growing cybersecurity industry in South-East Asia.

In a statement, Ekuinas said the strategic investment, made via Ekuinas’ Dana Asas I fund, reiterated the government-linked private equity company’s continued commitment to accelerate the growth of bumiputra companies in strategic sectors.

Ekuinas chief executive officer Datuk Syed Yasir Arafat Syed Abd Kadir noted that cyberattacks had significantly increased in both scale and sophistication, impacting businesses and individuals alike.

“Our investment in Bluesify is a crucial step towards fortifying Malaysia’s cybersecurity landscape and ensuring businesses have the protection they need against escalating digital threats.

“With our growth capital, Bluesify is set to support the nation’s cybersecurity needs through further expansion of service offerings across the entire cybersecurity lifecycle and scaling up of its managed detection and response centre.”

Syed Yasir Arafat said the company aimed to expand its footprint in regional markets, catering to the rising demand for advanced security solutions across South-East Asia.

Through Bluesify, Ekuinas will be able to capitalise on the fast-growing cybersecurity industry in South-ast Asia, which projected to grow at a compound annual growth rate of 9.5% from US$4.9bil in 2025 to US$7.1bil in 2029.”

Meanwhile, Bluesify managing director Izman Ibrahim said the investment marked a transformative milestone for Bluesify.

“We look forward to working with Ekuinas to take Bluesify to the next phase of growth. Our unwavering commitment is to deliver cutting-edge, expert-driven, artificial intelligence-based cybersecurity services that provide our clients with the highest level of protection in an ever-evolving digital landscape.”

Ekuinas said the investment came at a pivotal time following the enactment of Malaysia’s Cyber Security Act 2024, which mandates licensing for cybersecurity service providers and stricter regulatory compliance for business entities who are owners and operators of the National Critical Information Infrastructure.

“Bluesify is well-positioned to assist businesses in navigating these new requirements, safeguarding critical systems while ensuring compliance.”

Established in 2012, Bluesify was founded by Izman and Faroze Mohd Salleh.

“The company offers an end-to-end suite of cybersecurity solutions, including 24/7 managed cyber detection and response center, managed threat intelligence and threat hunting, cyber incident response services and cyber resilience and consulting services.

“The company serves a growing portfolio of blue-chip clients covering financial institutions, energy and infrastructure, healthcare, government and statutory bodies,” said Ekuinas.