SINGAPORE: Amid growing demand for cyber-security in the region, services provider e-Cop on Monday (Mar 21) announced that it will be relaunching as Quann.
The company, which is a business unit under security organisation Certis CISCO, said the relaunch comes as it expands security offerings and upgrades its next-generation Security Operations Centres.
According to a report from Micro Market Monitor, the cyber-security market in the Asia-Pacific region is projected to expand from US$17.19 billion in 2015 to US$30.39 billion by 2020.
Quann's annual revenue grew by more than 30 per cent per year from 2011 to 2015. This exceeded the industry's growth rate of 13.7 per cent, the firm said.
Research firm Gartner said the rapid change in how people use technology has made it harder for companies to keep up-to-date. "Everything has changed technologically in the ways that we have been working in organisations or banking,” said Mr Ammol Singh, its principal research analyst.
“Security also has to advance on the same terms in order to meet expectations of those innovations. We are seeing attacks all at different surfaces that a user communicates with. We have got threats on mobile phones, web services and on any different devices that you communicate with in your daily lives," he added.
On top of establishing strategic alliances with fellow cyber-security companies Palo Alto Networks and Team8 Industrial, Quann also signed agreements with the National University of Singapore and the Singapore Management University on Monday.
Under the five-year partnership, Quann will jointly develop enterprise cyber-security training modules for students and cyber-security professionals. There will also be joint research and development of cyber-security courses, as well as internship and recruitment programmes.
"We recognise that as the cyber-security market grows worldwide, we also need to evolve as these cyber threats have evolved," said managing director of Quann, Foo Siang-Tse. The firm identified five markets where it sees greater growth opportunities - Singapore, Australia, New Zealand, Japan and South Korea.