KUALA LUMPUR, 18 September 2018 – Regional digital security solutions provider SECUREMETRIC BERHAD (“Securemetric”) has clinched the approval of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) to proceed with its Initial Public Offering (“IPO”) on the ACE Market.

 

Securemetric and its subsidiaries (the “Group”) offer digital security products and solutions across South East Asia, namely Malaysia, Vietnam, The Philippines, Indonesia, and Singapore. Armed with in-house expertise in the areas of software licensing protection, two-factor authentication and Public Key Infrastructure (PKI), the Group’s clients include government organizations, financial institutions, public certification authorities, software development companies and IT service providers.

 

Chief Executive Officer Edward Law shared, “We identified the potential of digital security and have evolved from providing security devices locally to developing and implementing turnkey digital security solutions regionally.  With increasing usage of internet and digital technology, there is a need for robust solutions to authenticate identities and secure transactions and applications. We have ambitions to further increase our presence in South East Asia and are optimistic of our prospects. This IPO will allow us to supercharge our regional expansion plans and enhance our branding.”

 

Law added, “As one of the regional players from Malaysia, the Group offers digital security solutions in a market which has traditionally been dominated by a few key multinational players. We have identified the importance of localizing both our services and solutions. Our ability to provide such localized solutions that fit our clients’ needs and regulatory frameworks has differentiated us from other players. Over the years, we have grown our reach beyond our home market to foreign markets, with overseas revenue contributing the bulk of our revenue.”

 

Securemetric’s IPO will involve a public issue of 68 million new ordinary shares (“Shares”), comprising 17 million Shares available for application by the Malaysian public, private placement of 48 million Shares to identified investors and 3 million Shares available for eligible employees of the Group.

 

TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Securemetric’s IPO. 

 

ABOUT SECUREMETRIC BERHAD

 

Securemetric’s principal activity is investment holding, whilst its subsidiary companies are principally involved in the provision of digital security solutions (software licensing protection, two-factor authentication, PKI and CENTAGATE®- a centralised authentication management system) as well as trading of electronic identification products and other related services. The Group’s headquarters is in Kuala Lumpur, Malaysia, with subsidiaries operating in Malaysia, Vietnam, The Philippines, Singapore and Indonesia.