21 hours 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.
