Var Group and CV Ventures form joint venture Yarix APAC, establishing a cybersecurity base in Bangkok

Money & Banking··THIT·Read original
3▲0 ▼0Impact / 5
Summary · why it matters

Var Group, a global leader in service integration and digital solutions, has announced the establishment of the joint venture Yarix APAC in Thailand together with CV Ventures. CV Ventures holds 51% and Yarix, Var Group's cybersecurity center of excellence, holds 49%, aiming to elevate Bangkok into a hub for information security management covering the entire Asia-Pacific region. The Bangkok office will be driven entirely by Thai nationals, including the managing director position, under a Local-First strategy and a Follow the Sun operating model that links 24-hour threat monitoring and response with Yarix centers worldwide. Var Group has a total of 13 cybersecurity offices across 6 countries, a team of more than 400 specialists, and combined revenue of more than 50 million euros, or approximately 1.92 billion baht. In Thailand, Yarix APAC targets revenue of 30 million baht within the next 12 months and more than double that in the following year, along with the signing of two distribution agreements with domestic partners. Meanwhile, Var Group plans continuous investment of several hundred million baht over the next 24 to 36 months to build the infrastructure that will drive Thailand toward becoming a leading cybersecurity technology services base in the Asia-Pacific region.

Off-coverage companies 4

Var GroupPrivate▲ Positive
Capitalrelevance

Var Group establishes Yarix APAC joint venture and plans hundreds of millions of baht investment to build a cybersecurity base in Bangkok.

Yarix APACPrivate▲ Positive
Demandrelevance

Yarix APAC targets 30 million baht revenue in 12 months and two distribution agreements with domestic partners.

CV VenturesPrivate▲ Positive
Capitalrelevance

CV Ventures forms joint venture Yarix APAC with Var Group, holding 51% of the new cybersecurity entity.

Yarix S.r.l.Private▲ Positive
Capitalrelevance

Yarix, Var Group's cybersecurity center of excellence, holds 49% of the new Yarix APAC joint venture.

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