Thales to announce cybersecurity venture soon
LANGKAWI: Thales Group will announce its cybersecurity solutions venture in the Malaysian market soon.
The defence corporation is working with its Malaysian partners to offer the services, with plans for a major project here.
Its senior executive vice-president, Pascale Sourisse, said cybersecurity was an area which Thales wished to develop here.
“One of Thales’s objectives is to develop its activities in Malaysia, and we expect to have a significant development in this particular area this year.
“We are a company that invests a lot in innovation, where 20 per cent of our revenue is spent on research and development every year. One of the main objectives for Thales in innovation is to invest in digital technology, which needs to be secured.
“This is why we have this objective to grow our activities in cybersecurity and to support our partners and customers with very secured type of solutions,” she told the New Straits Times during the Langkawi International Maritime and Aerospace exhibition here.
Sourisse said Thales had been working on cybersecurity projects in many other countries, investing in some companies and and acquiring others.
She said Thales expected to make an announcement by the middle of the year, at which time the company could reveal the names of the partners and the plans for the venture.
On the company’s business prospects in Southeast Asia, Sourisse said, overall, the region was a promising market due to its developing defence market.
“We are carefully looking at the economic situation, but I can say that Southeast Asia for us is a very promising market. It continues to develop.
“The growth rate that we are seeing from our activities in the region is higher than the average growth rate you can see for Thales overall,” she said.
Sourisse said the company demonstrated organic growth rates in the region as Thales worked in fields that were considered as priorities in both the defence and civil sectors, including ground transportation and air transport infrastructure.