[IPO] Inwave Systems "Will Emerge as a Leading Company in Digital Transformation"

"Inswave Systems possesses a solution portfolio capable of addressing both the 'present' and 'future' of digital transformation. Through this IPO, we will actively promote digital transformation solution businesses that integrate ICT convergence technologies such as cloud and AI, striving toward our ultimate goal of becoming a 'leading digital transformation company.'

Inswave Systems, a provider of digital transformation solutions, held a press conference on the 12th in Yeouido with CEO A Se-ryong and key executives in attendance, unveiling its future strategies and vision following its listing on KOSDAQ.

Inswave Systems is a web standards specialized software (SW) company that offers customized digital transformation solutions to drive business innovation. It developed HTML5-based web standard solutions, a leading technology of the Fourth Industrial Revolution era, and based on these solutions, it provides solutions that meet digital transformation needs across various industries through technological convergence, achieving tangible results in both domestic and international digital transformation software markets.

Its main products include ▲ UI/UX solution WebSquare5 ▲ integrated terminal solution for the financial sector WebTop ▲ enterprise DX solutions W-Sharing and PDFSquare.

Inswave Systems is the only domestic UI solution company that is a member of W3C (the global web standards development organization), recognized for its high technical expertise in both domestic and international markets. In 2007, it developed WebSquare, Korea’s first web standard UI solution, supporting web standard transitions for enterprises and public institutions, pioneering the web standard UI/UX market. With the increase in non-face-to-face remote services, it became the first in the industry to develop the universal app platform W-Matrix, which supports identical UI across various devices such as PCs, mobiles, and kiosks.

Recently, it developed W-Sharing, a non-face-to-face work support solution capable of remote screen sharing, data transmission, and digital signature functions, supplying it to numerous clients in the financial sector, public institutions, and general enterprises, steadily accumulating diverse digital transformation cases across industries. Through this, it has established itself as a provider of collaboration solutions that can lead business process innovation and digital transformation for companies.

Inswave Systems has solidified its position as a leader in the UI industry by supplying solutions to approximately 800 domestic clients in finance, manufacturing, distribution, and public sectors. Particularly, it has secured unique references by conducting multiple projects in the conservative financial sector. Representative cases include ▲ Shinhan Bank integrated terminal construction and terminal monitoring system ▲ Hana Bank smart counter and electronic document management system (EDMS) ▲ KB Securities and Mirae Asset Life outdoor sales system (ODS).

Based on various competitive advantages, sales have also grown rapidly. Last year’s sales reached 43.6 billion KRW, a 44% increase compared to 21.1 billion KRW in 2020. During the same period, operating profit rose by 87%, from 2.1 billion KRW to 7.1 billion KRW, marking the highest performance since establishment.

After listing, Inswave Systems plans to complete the advancement of its ongoing cloud and AI-based digital transformation solutions, building a qualitatively richer business portfolio. Additionally, from the second half of this year, it will actively enter new markets, starting with Japan and followed by the United States.

CEO A Se-ryong of Inswave Systems stated, "Recently, advanced countries such as Japan and the United States have recognized the importance of digital transformation and are actively attracting digital transformation projects to their countries. Through this listing, Inswave Systems will grow into a global leader in digital transformation beyond Korea."

Meanwhile, Inswave Systems is offering 1.1 million shares in this IPO. The expected offering price ranges from 20,000 to 24,000 KRW, with a total offering amount between 22 billion and 26.4 billion KRW. The demand forecast was conducted over five days until the 12th, and general subscription will take place from the 14th to 15th, with plans to complete the listing within September. Shin Young Securities is the lead underwriter.

This content was produced with the assistance of AI translation services.