VCI Global Limited, a leading provider of business and technology consulting services, today announced a strategic joint venture with Cogia AG (“Cogia”), a German technology company specializing in AI and secure communication solutions.
Key Highlights of the Joint Venture:
- VCIG and Cogia will form a new entity with a 70/30 ownership split, respectively.
- The new entity which will be named as AiSecure Limited (“AiSecure”) will own 100% ownership of Cogia’s military-grade secure messenger platform.
- Cogia will lead future development efforts, including integrating secure AI technology into the messenger.
- The joint venture aims to grow AiSecure over the next 12-18 months to meet NASDAQ listing eligibility requirements.
This partnership combines VCIG’s expertise in business strategy and technology consulting with Cogia’s innovative secure communication solutions. The Cogia secure messenger, known for its military-grade end-to-end encryption, provides users with complete control over their personal messages, photos, videos, and documents.
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The integration of secure AI technology into the messenger platform is expected to enhance its capabilities and user experience. Cogia has already demonstrated its expertise in AI implementation, being the first secure messenger provider to incorporate generative AI into its products.
As part of the growth strategy, the joint venture plans to leverage VCIG’s international presence in Malaysia, China, Singapore, the United States, and the United Kingdom to expand the messenger’s global user base. The companies aim to position AiSecure for a potential NASDAQ listing within the next 12-18 months, subject to meeting all necessary requirements.
“This joint venture represents a significant step in our growth strategy. By partnering with Cogia AG, we are expanding our technology portfolio and entering the rapidly growing secure communication market. We believe this collaboration will drive substantial value for our shareholders and customers alike,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
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