WISeKey Raises $ 20 Million in pre-IPO Funding at a $200 Million ValuationBy Wisekey Sa, PRNE
Sunday, April 25, 2010
GENEVA, April 26, 2010 - WISeKey (www.wisekey.com) is the one of the fastest growing
eSecurity company in the world. A leading Swiss information security and
identity management software and services firm headquartered in Geneva
announced today that it has secured $20 million pre-IPO at a $200 million
valuation led by a group of USA, European and Swiss institutional and private
The investment will enable WISekey to expand its operations in BRIC
countries, capitalize on the global demand for its technology and the
explosive growth of WISekey tools for the encryption of data and for digital
identification of individuals and objects. These technologies are aimed to
fight against counterfeiting, to provide security for Identity cards and
bankcards, transactions on the Internet and portable phones, etc.
Governments, international organizations, watch manufacturers and the
telecommunication companies require our services.
WISekey is one of the 8 companies in Switzerland who are candidates for
an IPO as soon the market stabilizes. The fact that WISekey took only 4
months to raise $ 20 million from the pre-IPO placement is infusing
confidence in institutional investors for the duration of the IPO.
About WISeKey: WISeKey, a World Economic Forum High Growth Company, is
expanding its global footprint via a group of strategic partnerships with key
partners. WISeKey's global expansion is targeting BRIC economies as a
priority, with several major wins recently in Brazil, Russian Federation,
India and China. This enhances existing operations in the USA and Middle East
from the Swiss Hub.
For more information please contact: Dourgam Kummer CFO-COO WISeKey SA +41-22-594-30-00
For more information please contact: Dourgam Kummer, CFO-COO WISeKey SA, +41-22-594-30-00
Tags: April 26, Geneva, Switzerland, WISeKey SA