VCI Global Limited announced a strategic joint venture with Cogia AG. 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. 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.