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Mr Dave Peranich, Executive Vice President,

Distinguished guests,


Good afternoon. Congratulations to Palo Alto Networks on the launch of your Asia Pacific headquarters.

Palo Alto Networks is a boost to Singapore’s cybersecurity ecosystem

2 It is truly an exciting time for us to launch this venture. The digital economy is growing rapidly, enabled by the openness and connectedness of Singapore. Many opportunities have been created for businesses and our people as a result, and you can look forward to even more. In the past weeks, from the Committee on the Future Economy’s recommendations to the recent Parliamentary debates, we have also mapped out strategies to create good jobs and opportunities in the digital economy, and better position Singapore for the future. With the insights mined from data generated across the economy, we can work together towards shaping better digital solutions and government policies to provide a higher quality of life, work and play for all. 


3 Admittedly, the digital economy comes with its fair share of challenges. Increasingly sophisticated cyber-attacks have fuelled demands for higher cybersecurity standards among industries. Without secure and resilient networks and systems, our plans to build a Smart Nation cannot succeed. Hence, the Government has been investing considerable resources to meet these demands. We had set up the Cyber Security Agency (CSA) in 2015 and worked with partners as part of Singapore’s Cybersecurity Strategy to enhance the resilience of our digital infrastructure, develop a vibrant cybersecurity ecosystem, and build a pipeline of skilled cybersecurity professionals. 


4 Hence, we are happy that Palo Alto Networks has decided to deepen its roots in Singapore. We are honoured by your trust and confidence in the strength of our ecosystem and in the talents of our people. As one of the leading players in the enterprise security space, Palo Alto Networks’ continued presence here is not only a clear and timely signal that Singapore is becoming a regional hub for cybersecurity, but also a boost to our cybersecurity ecosystem. 


There are opportunities for business collaborations in Singapore  


5 Cybersecurity is one of the emerging growth sectors in our digital economy, with a projected growth to around $900 million. We also foresee its potential to provide over 2,500 additional job openings by 2018. But the Government alone cannot propel its growth. It requires collaborative effort from all stakeholders including both international and local companies, as well as professionals and the wider community. 


6 There is reason for the private sector to be invested in this. The open marketplace of ideas that you will find in Singapore is a good catalyst for businesses to learn best practices from one another and develop more innovative solutions for the market here and more importantly, beyond our shores.  International companies like Palo Alto Networks, too, come with a wealth of expertise that our local companies can learn from and grow stronger. Similarly, these local companies bring a wealth of regional understanding and experience to the table. If companies – large and small, local and foreign – are willing to embrace the spirit of sharing and partnerships, I am confident that we can help one another expand your businesses and achieve win-win solutions.


Palo Alto Networks is an important partner in our talent development efforts

7 In the past years, we have had many private-sector companies like Singtel and Optimum Solutions partner the Government in various schemes such as our TechSkills Accelerator to augment the growth of a skilled talent pool and a vibrant cybersecurity ecosystem. We welcome even more companies, especially our international partners, to work closely with us. Together, we can create good jobs, offer internship opportunities for our youths, and train our professionals with the relevant qualifications and skillsets.  


8 Palo Alto Networks, too, has been an important partner of the Government in the development of our cybersecurity capabilities. It has contributed considerably to our ecosystem in the areas of talent development, knowledge sharing, and cybersecurity solutions for enterprises. To name a few, Palo Alto Networks published a practical guide to cybersecurity for the industry early this year with the support of CSA, and offered internships to tertiary students to hone their skills with experts and cut their teeth on the latest technologies. Your significant investment in the new facilities at this APAC headquarters such as the new Solutions lab, a data centre and planned investment to host WildFire Cloud – Palo Alto Networks’ threat analysis service – as well as training programmes for cybersecurity professionals will be a welcome addition to our cybersecurity landscape. 


9 I am also happy to hear that Palo Alto Networks, as part of its sponsorship for the Cybersecurity Challenge Singapore, which is a series of cybersecurity games and competitions, has also agreed to provide training and internships for top players to hone their skills further. We hope that Palo Alto Networks will continue to inspire others in the industry to take the ecosystem to greater heights.  


Conclusion

10 Thank you for your strong support and partnership with the Government. We will continue to work closely with you to grow Palo Alto Networks’ operations here and in the region. With Palo Alto Networks’ contributions, I am confident that we can also strive together towards a better and more secure Smart Nation for the future. Congratulations once again, and I look forward to seeing the fruits of our collaboration in the near future. Thank you.

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