Big data analytics artificial intelligence (AI) company S2W said on the 12th that it signed a renewal contract to supply its security AI solution for corporations and institutions, "QUAXAR," to a Japanese government agency.
QUAXAR is a Cyber Threat Intelligence (CTI) platform that, through AI-based automated data collection and analysis, can monitor and manage external threats that are difficult to detect with an organization's internal security systems. S2W entered the Japanese market by signing a new contract in March last year with the Japanese government agency for the supply of QUAXAR.
The scope of service provision was expanded in this renewal. The company said the deal was concluded at an amount exceeding 3.5 times the initial contract carried out the previous year.
Lee Yoo-kyoung, head of overseas business at S2W, said, "We received positive feedback from the client for contributing to reducing cybersecurity gaps by establishing a system for continuous reporting on Japan-related threat trends and leaked information, along with tailored technical support, enabling swift and accurate customer response."
S2W plans to use this renewal as a starting point to establish a local subsidiary and embark on full-fledged business expansion.