MITSUI & CO., LTD. MAKES STRATEGIC INVESTMENT IN NEW YORK-BASED CYBERSECURITY SERVICE PROVIDER, REDPOINT CYBERSECURITY LLC [Yahoo! Finance]
MITSUI & CO LTD ADR (MITSY)
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Source: Yahoo! Finance
strategic investment in Redpoint Cybersecurity LLC ("Redpoint"), a services provider of end-to-end cyber security and threat response solutions. This is the latest step in Mitsui's effort to broaden its global cybersecurity presence following a successful entry into the Southeast Asian market in April 2023 via an investment in LGMS, a prominent cybersecurity service provider in Malaysia . As one of Japan's leading global conglomerates, Mitsui will leverage its knowledge, trusted network, and capital capability to accelerate Redpoint's growth in support of their clients' most pressing cyber challenges. Redpoint is a leader in the current digital transformation arena, where embracing technology is essential for businesses and fuels innovation across various industries. The rapid advancements in technology, including AI, have led to the emergence of increasingly sophisticated cyber threats, in which Redpoint's team is well-versed. This evolution in technology has created a pervasive ch
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