Business
VCI Global Acquires AI-Based Secured Messaging Platform From Cogia GmbH
KUALA LUMPUR, Malaysia, March 18, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”) today announced it has
About this update from Vci Global Limited
[{"type":"text","content":"KUALA LUMPUR, Malaysia, March 18, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”) today announced it has closed transaction with Cogia GmbH, by successfully acquired Socializer Messenger from Cogia GmbH, a software company based in Germany. This highly secure messenger platform is currently serving the government of a NATO founding EU country. The Socializer Messenger represents the ultimate communication solution, integrating revolutionary privacy and security features with advanced AI technology. Setting itself apart from conventional messaging apps, it offers built-in face recognition, self-destructing messages, and additional app lock to shield the conversations from unauthorized access. With patented facial recognition, Socializer Messenger sets the standard for secure communication, making it the top choice for enterprises and government organizations handling sensitive data. This also emphasis on cybersecurity addresses growing concerns about data breaches and privacy infringement in digital communication. According to Mordor Intelligence, the secure messaging market is projected to grow at a compound annual growth rate (CAGR) of 22.45%, reaching USD $25.05 billion from 2024 to 2029. This growth is fueled by the increasing demand for secure, targeted, and reliable communication, particularly in sectors such as business-to-government (B2G), insurance, banking, energy, and healthcare, where privacy and security are paramount. “We are very excited about today’s announcement that VCI Global has successfully added another innovative product, the Socialized Messenger, to our technology portfolio. We look forward to introducing more innovative technology products to our clients and partners in the near future,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified holding company. Through its subsidiaries, it focuses on consulting, fintech, AI, robotics, cybersecurity, and gamification. Based in Kuala Lumpur, Malaysia, our main operations are centered in Asia, with significant visibility across Asia Pacific, the United States, Europe, and the Middle East. VCIG primarily offers consulting services in capital markets, real estate, AI, and technology. In technology businesses, the company ope...