Custodio Technologies’ ultimate shareholding company is Israel’s largest aerospace and defence company, Israel Aerospace Industries Ltd.
Secura Group Limited, one of the leading providers of security products, services and solutions in Singapore, has entered into a subscription and shareholders’ agreement with Custodio Pte. Ltd. and Custodio Technologies Pte. Ltd. (“CTPL”) to subscribe for 200 new ordinary shares in CTPL for a cash consideration of US$4.5 million (the “Proposed Subscription”).
The Proposed Subscription, which represents 20% of the enlarged issued and paid-up share capital of CTPL, will be fully funded by internal resources. CTPL’s principal activities are to carry out, in Singapore, research and development of new cyber security solutions and capabilities with a focus on cyber early warning technology, thus paving the way for Secura to grow its cybersecurity business in this area.
Custodio’s ultimate shareholding company is Israel Aerospace Industries Ltd(‘IAI’)., Israel’s largest aerospace and defence company w and a globally recognized technology and innovation leader, specializing in developing and manufacturing advanced, state-of-the-art systems for air, space, sea, land, cyber and homeland security. Through the Proposed Subscription, the Group will also be able to tap into Israel’s innovation and have the right to distribute and sell products and solutions from CTPL’s research and development efforts.
Mr. Paul Lim, Chief Executive Officer of Secura said, “We live in a digital age where cyber attacks are getting more complex and harder to pre-empt. The ransomware cyber attacks last Friday affected more than 150 countries and 200,000 users worldwide . This is where early detection plays an increasingly important role and hence, the market potential for cyber early warning technology is vast and fast-growing. Our investment in CTPL opens the door for Secura to establish itself as an innovation centre for the design and implementation of such firmware, hardware and software, which we believe has strong potential for growth. It is also part of our strategy to continuously seek cutting-edge security solutions to bring to Singapore and the region.”
“We are proud to have Secura joining us in Custodio Technologies” Said Ms. Esti Peshin, General Manager of IAI’s Cyber Division. “This investment will help us continue the development of Custodio Technologies early warning technology. We see this partnership as a strategic and synergetic one, combing Secura expertise and strong reputation and Custodio Technologies cutting edge early warning technology”.
The Group is currently a preferred partner of Israel-based Cellebrite Asia Pacific Pte Ltd, an award-winning global provider of mobile forensics products and services, in Singapore, Cambodia and Laos.
About Secura Group:
Secura Group Limited is one of the leading providers of an integrated suite of security products, services and solutions based in Singapore. The Group was formed through a merger of two groups of companies – the Secura group of companies that provides security printing services, and the Soverus group of companies that provides security consultancy and other services.
Through the Secura group of companies, the Group owns one of the largest cheque printing businesses in Singapore. The Group’s other security services are undertaken by the Soverus group of companies, which offers security guarding, cyber security, homeland security, and other security products and services.
As a security agency with an established track record, the Group has consistently been awarded ‘A’ Grading (Excellent) by the Police Licensing & Regulatory Department annually since 2012. The Group has a well-diversified customer base comprising more than 550 customers in various industries, including multinational corporations, financial institutions and government agencies.
About Israel Aerospace Industries:
IAI Ltd. is Israel’s largest aerospace and defence company and a globally recognized technology and innovation leader, specializing in developing and manufacturing advanced, state-of-the-art systems for air, space, sea, land, cyber and homeland security. Since 1953, the company has provided advanced technology solutions to government and commercial customers worldwide including: satellites, missiles, weapon systems and munitions, unmanned and robotic systems, radars, C4ISR and more. IAI also designs and manufactures business jets and aerostructures, performs overhaul and maintenance on commercial aircraft and converts passenger aircraft to refueling and cargo configurations.
