Endpoint security specialist ESTsecurity (representative Jung Jin-il) announced on the 11th that it had successfully attracted 15 billion won worth of pre-IPO investment.

The investors in this round included UAMCO IBK Financial Group PEF, HB Investment, and NH Hedge Assets Management. The investment companies highly rated ESTsecurity's high influence in the security industry and its growth-oriented B2C-based business model.

With the newly secured investment funds, ESTsecurity plans to implement aggressive new business investments. It plans to enter the SaaS and cloud security market to synergize with its existing business and is considering diversification into the 'metaverse' and 'virtual asset' security fields. To this end, the company plans to transform itself into the top information security company in Korea through active mergers and acquisitions.

Since its independence from its parent company ESTsoft in 2017, ESTsecurity has achieved double-digit growth rates, increasing its revenues every year. In 2020, it achieved profitable turnover, and in 2021, it maintained a stable profit basis with an operating profit margin of 9% after adjusting for one-time costs.

Recently, it has started the official process of an initial public offering (IPO) for listing on the KOSDAQ in 2024, including the appointment of an IT and cloud business expert as the new representative director, and the selection of KB Securities as the lead underwriter for the IPO on the 2nd.

ESTsecurity's representative Jung Jin-il stated, "What the investors focused on was the company's influence in the security industry, the business stability based on it, and the high growth potential and scalability of the national vaccine 'ALYac', which has secured 16 million users." He continued, "In the process of this investment attraction, ESTsecurity was highly valued compared to the existing security listed companies, because we were able to expand our business to the general public while most security companies operate B2B customer base businesses."

He went on to say, "ESTsecurity will not only strengthen the capabilities of the existing vaccine business that has been successfully operated so far but also actively respond to variously evolving IT infrastructure platform services due to digital transformation. In the future, we aim to quickly sophisticate our unique business model that encompasses both B2B and B2C, expand our business foundations, and successfully list on the KOSDAQ, while at the same time, transforming ESTsecurity into the best information security company in Korea. "