JiranSecurity to launch IPO to hit its $100 million annual revenue target in 5 years
JiranSecurity made its KOSDAQ debut on 2016 to expand its annual revenue to $100 million in 5 years. JiranSecurity is a security company with major services in email security, document security, and mobile security. The domestic market share for email security is 60% and MDM in mobile security area is 90%.
JiranSecurity was orginally one company as Jiran, but became subsidiary in 2014. "The listing on the KOSDAQ market will allows JiranSecurity to securing talented human resources and develop great services." said Yoon DooShik, the CEO of JiranSecurity. He also said that IPO (initial public offering) is the turning point of JiranSecurity to hit $100 million annual revenue target in 2020 and become top 3 security company in South Korea.
"We are planning to continue investing in blockchain technology for future businesses. We are currently developing a system for verifying receiving e-mail messages." said Yoon. Developing new services with new technology is very important for Jiransecurity to become 100-year-lasting security company.