ITSEC Asia Expands into AI and Software Development

The cybersecurity industry is undergoing its most significant transformation in more than a decade. As cyber threats grow increasingly sophisticated, the rapid adoption of Artificial Intelligence (AI) and rising demand for more adaptive security solutions are driving cybersecurity companies worldwide to invest more heavily in proprietary technologies, software platforms, and intellectual property as new engines of longterm growth.

These shifts are not only redefining customer expectations but are also reshaping the cybersecurity business model itself. Traditional service-led offerings are increasingly complemented by integrated platforms that combine AI, software, threat intelligence, and automation to deliver faster, smarter, and more resilient cyber defense.

In response to this evolving landscape, PT ITSEC Asia Tbk (ITSEC Asia) (IDX: CYBR) has strengthened its long-term business strategy through an expansion of its business activities, following shareholder approval at the Extraordinary General Meeting of Shareholders (EGMS) held on Tuesday, 30 June 2026. The expanded business scope provides the foundation for the Company to accelerate the development, commercialization, and operation of AI-powered cybersecurity technologies while expanding its software-driven and recurring revenue business model.

For more than 16 years, ITSEC Asia has built a strong reputation as a trusted cybersecurity partner for organizations across Indonesia and the Asia-Pacific region. Over the past several years, the Company has consistently invested in research and development to build its own proprietary technologies. The approval obtained through the EGMS marks an important milestone in aligning the Company's business scope with the strategic direction it has been pursuing as it enters its next phase of growth.

Patrick Dannacher, President Director of ITSEC Asia, said AI represents a defining moment for the cybersecurity industry and is fundamentally changing how cybersecurity companies create value for customers.

"For many years, the cybersecurity industry has grown primarily through services. We believe the next phase of growth will be defined by a company's ability to develop AI-powered intellectual property. Going forward, organizations will need more than trusted cybersecurity partners. They will also need technologies capable of learning, adapting, and evolving faster than the threats they face. That is the future we are building at ITSEC Asia."

Patrick added that the shareholder-approved expansion is the result of a long-term strategy that has been taking shape over the past several years.

"This is not a sudden shift in direction. We have spent years strengthening our investment in research and development, building our own platforms, and developing solutions based on real customer challenges. The approval provides a stronger foundation for us to accelerate the commercialization of those innovations, expand our technology-driven revenue streams, and bring cybersecurity innovations developed in Indonesia to regional and global markets."

Following shareholder approval, ITSEC Asia has expanded its business scope to include software publishing, artificial intelligence programming, information technology services, data processing, and software and computer distribution. These additions support the continued development and commercialization of the Company's technology portfolio, including IntelliBroń Aman, IntelliBroń Orion, IntelliBroń Threat Intelligence, and Bronyx AI, while reinforcing its strategy of building a technology-driven cybersecurity business.

The business expansion is supported by an independent feasibility study, which concluded that the proposed expansion is financially and operationally viable. The study projects that the recurring revenue business model will deliver an average Gross Profit Margin of 74% and an average Net Profit Margin of 55% over the 2026–2031 period. The strategy requires an initial capital investment of IDR 11 billion, fully funded through the Company's internal operating cash flow while leveraging ITSEC Asia's existing technology infrastructure and Research & Development capabilities. This approach enables the Company to accelerate execution while maintaining disciplined capital management.

Through this strategic expansion, ITSEC Asia further reinforces its transformation into a cybersecurity technology company that develops proprietary intellectual property, software, and AI-driven solutions as the foundation for sustainable long-term growth. As the cyber threat landscape continues to evolve, the Company believes continuous technology innovation will play a critical role in strengthening cyber resilience for organizations across Indonesia and the broader region.

Closing his remarks, Patrick emphasized that AI should not be viewed as a replacement for cybersecurity professionals, but as a force multiplier that enhances human capabilities.

"We do not see AI as a replacement for people in cybersecurity. We see it as a force multiplier that enables cybersecurity professionals to work faster, make better decisions, and protect more organizations. The future of cybersecurity is not about choosing between humans or AI. It is about bringing the two together to build stronger digital resilience. That is the future we are building at ITSEC Asia."