Cybersecurity services provider, Network Intelligence (NII), on Thursday announced spreading its footprint to Singapore with a direct subsidiary.
The Singapore office, to be operational from February 15, will help NII deliver cybersecurity services in the Asia Pacific (APAC) region.
"Singapore, in many ways, was the logical next step for us. It is a strong, stable economy that offers a great working environment. The government strikes the fine balance between holding cybersecurity firms responsible for their job while simultaneously empowering them to work with efficiency. With its easy access to the APAC region, state-of-the-art infrastructure, the advantages of time zones and availability of trained local talent makes Singapore a great place to be. We are thrilled to finally be here and cannot wait to make our mark in the region," said founder and CEO, NII, KK Mookhey.
"We have many existing clients in the APAC region, and being in Singapore helps us in working closely with our clients and providing them much faster response time. Singapore offers us the perfect base in APAC, where there is immense potential for growth in both, the business and private sectors for cybersecurity," said Global Business Head, NII, Altaf Halde.
"Singapore offers one of the best working environments for cybersecurity companies, with its high level of awareness and strict laws that are good for everyone. We look forward to our new base here, and we are confident of this leading to many great things," Halde added.
NII already has a solid presence in India, the Middle East and the USA.
More From This Section
The company also has top clients in Banking, Financial services and Insurance (BFSI), manufacturing, oil and gas, ITES, and e-commerce.
Minister of Communication and Information, and minister-in-charge of cybersecurity, Singapore, Yaacob Ibrahim, had mentioned in 2017 that the cybersecurity industry in Singapore was set to cross S$ 900 million by 2020.
According to another report, the Asia-Pacific cybersecurity market will breach the USD 30 billion mark by 2020.