Genians Selected for 3.8 Billion KRW National Project on 'Cybersecurity International Cooperation Infrastructure Technology Development'.

Cybersecurity specialist company Genieons announced on the 28th that it has been selected as the lead institution for the government project 'Cybersecurity International Cooperation Infrastructure Technology Development,' supported by the Ministry of Science and ICT.

The 'Cybersecurity International Cooperation Infrastructure Technology Development' project aims to support international cooperative research and development to promote the overseas expansion of domestic companies through the development of cybersecurity technologies based on overseas market demand. Three projects are selected and supported, with a total project cost of 3.86 billion KRW per project (government subsidy of 2.97 billion KRW, private sector contribution of 891 million KRW). The project will be conducted over 30 months from July 2024 to December 2026.

Genieons has formed a consortium for this project and will carry out the project as the lead research and development institution. Centered on Genieons, SecureAire, Tatum Security, and Kangwon National University will jointly conduct research and development. They will also collaborate with the UAE-based cybersecurity company 'RAS Infotech.' Additionally, UAE government agencies and Saudi Arabian port facilities will participate as demand companies.

Through this project, Genieons plans to develop a managed cybersecurity system and framework suitable for the Middle Eastern market. The main goals are ▲ strengthening the global market entry of its NAC/ZTNA/EDR solutions ▲ developing and building an integrated security operation platform including SIEM, SOAR, and Cloud ▲ utilizing cloud services compliant with data management regulations ▲ obtaining essential information security certifications ▲ providing locally customized services and threat intelligence.

Based on references from existing global customers, thorough analysis of the Middle East region will be conducted with the aim of localizing security solutions. Genieons has secured more than 120 global customers in 27 countries based on proven competitiveness in the domestic market with NAC, EDR, etc., and holds over 40 customers in the Middle East.

Kim Gye-yeon, Genieons CTO and head of the US branch, said, "This government project is a great opportunity for Genieons to further solidify its position in the Middle Eastern market," adding, "Through Genieons' diverse global business experience, we will develop locally customized cybersecurity solutions for the Middle East and rise as a global leading security company."

This content was produced with the assistance of AI translation services.