Latest news with #Rayana
The Star
an hour ago
- Automotive
- The Star
Valet Technology eyes 1Q26 listing on ACE Market
PUTRAJAYA: Valet Technology Sdn Bhd is gearing up for an initial public offering (IPO) on Bursa Malaysia's ACE Market in the first quarter of financial year 2026 (1Q26) as the company ramps up its expansion into cyber and identity security solutions. Chief executive officer Puan Sri Rayana Abdul Rahman said the planned listing will support the company's ambitions to grow beyond Malaysia and strengthen its research and development (R&D) capabilities. 'We are on track for an IPO early next year. While capital is one reason, this move is about laying a stronger foundation for our identity security and R&D pipeline,' she told Bernama. Established in 1995 as a provider of traditional human-based security services, Valet Technology has evolved into a homegrown tech player with a 200-strong workforce and a network of more than 1,000 system integrators (SIs) nationwide. Rayana said the company started with conventional security but saw the potential in growing together with smaller entrepreneurs. Today, its SIs carry the products across the country, and Valet Technology supports them with training and tools. She said the company currently supports key government clients, including the Immigration Department and various ministries – Transport, Home Affairs, Higher Education and Health – largely through its SI partners. Notably, Valet Technology, through its SIs, supplies around 200 boom gates at the CIQ complex and Tuas (second link) for pedestrian and public transport. 'We assist our SIs throughout the tender process and back them up with technical expertise and product know-how,' she said, adding that the firm's revenue now stands at about RM25mil, with expectations for a stronger performance following the IPO. Best known for its VT Series sliding gate motors, Valet Technology has expanded into digital and cyber security, a move that includes the rollout of Valet Shield, an AI-powered scam call detection system developed with its US-based partners. The firm is currently engaging with Oman's Transport and Technology Ministry, as well as state telecommunications firm Omantel, under the ITHCA Group, to implement the technology in the Middle East. The company is also eyeing potential collaborations in Indonesia and within the African continent. The company has also secured a Skills Development Department licence to offer TVET-level training in electronics via its in-house academy. Rayana added that Valet Technology's upcoming expansion into identity security will be anchored by a new division in Cyberjaya, positioning the company for its next phase of growth.
New Straits Times
a day ago
- Business
- New Straits Times
Valet Technology eyes Q1 2026 ACE Market listing
KUALA LUMPUR: Valet Technology Sdn Bhd is preparing for a debut on Bursa Malaysia's ACE Market in the first quarter of 2026, as the company accelerates its push into cyber and identity security solutions. Chief executive officer Puan Sri Rayana Abdul Rahman said the proposed initial public offering (IPO) is part of a broader strategy to scale beyond Malaysian borders and deepen the company's research and development (R&D) efforts. "We are on track for an IPO early next year. While capital is one reason, this move is about laying a stronger foundation for our identity security and R&D pipeline," she told Bernama. Founded in 1995 as a traditional manpower-based security services provider, Valet Technology has since transformed into a dynamic, homegrown technology company. Today, it boasts a workforce of over 200 and collaborates with a nationwide network of more than 1,000 system integrators (SIs). Rayana revealed that the company currently generates annual revenue of around RM25 million, with expectations of stronger growth momentum post-listing. She noted that the future of security lies in the seamless integration of physical and digital domains. This convergence will define not just Malaysia's security landscape, but the broader regional industry as well, she added. Rayana stressed the importance of sustained collaboration between public and private sectors in the face of rapidly evolving digital threats. Digital risks are evolving fast, and the threat landscape is constantly shifting, she said, adding that a strong public-private collaboration is required to keep pace. Valet Technology's next chapter will be anchored by its new identity security division in Cyberjaya, a move designed to position the company for long-term regional expansion.
