KUALA LUMPUR (Nov 30): Celcom Axiata Berhad (Celcom) announced the acquisition of Bridgenet Solutions Sdn Bhd, an information and technology solutions service provider specialising in cybersecurity and networking solutions, as well as managed services for enterprises.
According to Celcom’s statement released on Tuesday (Nov 30), Bridgenet was founded in 2003 and is known for their services, as well as solutions in data security, endpoint security, application security and network security.
Celcom added that the acquisition of Bridgenet reinforces Celcom’s portfolio of becoming one of the nation’s leading ICT solutions providers, in an effort to drive and address the growing demands of digitalisation and cloudification of Malaysian enterprises.
When contacted on the price of the acquisition, a Celcom spokesperson said they are not able to disclose the acquisition cost.
The company said in the Tuesday statement: “Celcom and Bridgenet’s combined expertise will bring innovative and transformational cybersecurity solutions that are critical in protecting local organisations from cyber threats and security breaches."
On top of that, the acquisition makes Celcom a full-fledged managed security service provider (MSSP), as Bridgenet has a strong team of professionally certified cybersecurity experts that will further complement and enhance Celcom’s existing cybersecurity team and services.
Celcom Axiata chief executive officer (CEO) Datuk Idham Nawawi said the acquisition will enable both companies to leverage on their strengths and develop world-class cybersecurity solutions for all business functions.
He also pointed out that the acquisition of Bridgenet will further strengthen Celcom’s position to grow its enterprise business.
“As cybersecurity is a critical component in the digital world for both enterprises and consumers, Celcom will soon make these cybersecurity solutions and services available for local enterprises.
“Upholding our role as a digital advocate, Celcom will continue its strong practice to safeguard our customers. It is also crucial for organisations to protect their systems and customers’ data against cyber threats from the boundaryless cyberworld, while thriving digitally within the new norm,” Idham added.
Meanwhile, Bridgenet group CEO Keane Leong Kin Man said he sees the acquisition as a way to accelerate the company roadmap, using the expertise and resources of a larger company like Celcom.
“Joining forces with Celcom will let us achieve our most important business goals years ahead of schedule. During the course of conversations with Celcom leadership, we shared optimism that the right technology and people can solve many cybersecurity challenges that to date have seemed intractable,” he added.