S2W Holds IPO Press Conference: "Aiming to Become a Global AI Company"

Introduction of Core Technologies, Business Achievements, and Post-IPO Strategies

On the morning of August 5, S2W held a press conference regarding its initial public offering (IPO) in Yeouido, Seoul, where it unveiled its core technologies, major business achievements, and a blueprint for its global business strategy following its listing.

S2W has developed and provided a variety of solutions by applying its AI-powered 'multi-domain cross-analysis technology,' which integrates multi-source and heterogeneous data collection and refinement, domain-specific artificial intelligence (AI), and knowledge graph-based cross-analysis. Representative offerings include the security big data platform for public and government agencies, XARVIS, and the cyber threat intelligence (CTI) platform for enterprises and institutions, QUAXAR.

S2W logo. S2W

Through these efforts, S2W has expanded the application scope of its advanced multi-domain cross-analysis technology?originally refined in the security and defense sectors?to the broader industry, and has identified new revenue streams to drive long-term sales growth. S2W CEO Seo Sangdeok stated, "Our multi-domain cross-analysis technology, the result of years of S2W's research and development (R&D), boasts high versatility and scalability that spans national security, corporate security, and industry-specific AI. This is our key strength."

S2W also disclosed its sales performance. Since its founding, the company has signed business contracts with domestic and international investigative and defense agencies, as well as public and government institutions in countries such as Japan, Taiwan, Singapore, and Indonesia. As a result, overseas sales accounted for more than 23% of last year's total revenue, and export volume increased more than sixfold compared to the previous year. By expanding its proven B2G technology to B2B sectors in manufacturing, information technology (IT) and communications, finance, and distribution, S2W achieved an average annual customer growth rate of approximately 131%.

CEO Seo added, "Centered on high-quality clients such as large enterprises and government agencies, S2W recorded an exceptional customer retention rate of about 96% last year, which is rare in the IT industry." He further explained, "Approximately 69% of total revenue comes from software-as-a-service (SaaS), establishing a robust recurring revenue structure that underpins the stability and competitiveness of our business model."

Seo also outlined the overseas business strategy that will play a pivotal role in scaling up. He stated, "The effectiveness of our 'public sector first, private sector later' strategy has already been validated in the domestic market." He continued, "In our global business, we plan to first secure references from public and government institutions in each country, and then leverage the accumulated technological credibility to expand into the private sector." Seo added, "We have also established region-specific strategies and partnership plans with leading local companies to support this approach."

Seo mentioned the annual plan for utilizing the IPO proceeds as well. He said, "We plan to sequentially establish local subsidiaries in Japan and Singapore to strengthen our global branding and expand our overseas customer base." He added, "By 2027, we aim to build a global Internet Data Center (IDC) as an extension of our infrastructure and sales base expansion, with the goal of becoming a truly global big data analytics AI company."

Through this IPO, S2W will issue a total of 1.58 million new shares, with the expected offering price ranging from 11,400 to 13,200 KRW per share, resulting in an estimated total offering amount of approximately 18 billion to 20.9 billion KRW. The final offering price will be determined through a book-building process targeting institutional investors, which has been underway since July 30. Subscriptions for general investors will be accepted for two days starting August 7. The lead underwriter for the listing is Daishin Securities.

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