Ginians "Recorded Highest Ever Performance Last Year... 20 Consecutive Years of Surplus"

Cybersecurity specialist Genieons announced on the 19th that its operating profit on a consolidated basis for 2024 reached 9.8 billion KRW, marking a 52.2% increase compared to the previous year. Revenue and net profit also rose by 15.7% and 74.6%, respectively, to 49.6 billion KRW and 10.9 billion KRW.

The three core businesses?NAC, EDR, and Zero Trust?continued to show balanced growth. Beyond the domestic market, Genieons secured 143 customers across 27 countries (cumulative), achieving tangible results in the global market.

Genieons’ cash cow, NAC (Network Access Control), drove performance growth by expanding new demand in the private sector, including large corporations, beyond the public sector. The ‘Cloud NAC Managed Service,’ which provides a one-stop solution from installation to operation of NAC, received high acclaim from small and medium-sized enterprise customers.

The EDR (Endpoint Detection & Response) business also demonstrated steady growth. As cyber threats have become more sophisticated, companies and institutions have actively strengthened their security measures. Demand for EDR increased mainly among local governments and public institutions. Additional adoption by existing financial sector and large corporate customers also expanded. Recently, Genieons’ cumulative EDR customers surpassed 200. The company continues stable growth by targeting both private and public markets in a balanced manner.

Meaningful achievements have also been made in the Zero Trust business. Genieons has continued to advance the business through the acquisition of FutureTech Information & Communication and pilot projects for Zero Trust implementation. Recently, the company secured 10 Zero Trust clients overseas, establishing references and further expanding its presence in the related market.

Visible results have been recorded in the global market as well. Last year, Genieons introduced EDR for the first time at a Middle East IT exhibition, successfully unveiling its three core security solutions?NAC, EDR, and ZTNA?on the global stage. To strengthen its global market strategy, the company reorganized its overseas business division and U.S. corporation by delineating their roles. As a result, Genieons succeeded in securing over 140 customers across 27 countries worldwide. Overseas business revenue also increased.

Lee Dong-beom, CEO of Genieons, stated, “Thanks to the balanced growth of our key businesses?NAC, EDR, and Zero Trust?Genieons has achieved its best-ever performance. Along with stable growth in the domestic market, we will continue to expand our market share globally and maintain a consecutive streak of profitability.”

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