Valet Technology Eyes 1Q 2026 ACE Market Listing To Advance Cyber, Identity Security
By Nurul Hanis Izmir
PUTRAJAYA, June 15 (Bernama) -- Valet Technology Sdn Bhd is gearing up for an initial public offering (IPO) on Bursa Malaysia’s ACE Market in the first quarter of 2026 as the company ramps up its expansion into cyber and identity security solutions.
Chief executive officer Puan Sri Rayana Abdul Rahman said the planned listing will support the company’s ambitions to grow beyond Malaysia and strengthen its research and development (R&D) capabilities.
“We are on track for an IPO early next year. While capital is one reason, this move is about laying a stronger foundation for our identity security and R&D pipeline,” she told Bernama.
Established in 1995 as a provider of traditional human-based security services, Valet Technology has evolved into a homegrown tech player with a 200-strong workforce and a network of more than 1,000 system integrators (SIs) nationwide.
Rayana said the company started with conventional security but saw the potential in growing together with smaller entrepreneurs. Today, its SIs carry the products across the country, and Valet Technology supports them with training and tools.
She said the company currently supports key government clients, including the Immigration Department and various ministries — Transport, Home Affairs, Higher Education and Health — largely through its SI partners.
Notably, Valet Technology, through its SIs, supplies around 200 boom gates at the CIQ complex and Tuas (second link) for pedestrian and public transport.
“We assist our SIs throughout the tender process and back them up with technical expertise and product know-how,” she said, adding that the firm’s revenue now stands at about RM25 million, with expectations for a stronger performance following the IPO.
Diversification into Cybersecurity
Best known for its VT Series sliding gate motors, Valet Technology has expanded into digital and cyber security, a move that includes the rollout of Valet Shield, an AI-powered scam call detection system developed with its US-based partners.
The firm is currently engaging with Oman’s Transport and Technology Ministry, as well as state telco Omantel under the ITHCA Group, to implement the technology in the Middle East.
“Valet Shield is built on machine learning and relies on feedback from telcos to enhance scam call prevention. Oman offers a strategic position, they are neutral and well-connected to the US, Europe, and Africa,” she said.
The company is also eyeing potential collaborations in Indonesia and within the African continent. Closer to home, Valet Technology is keen to work with the Malaysian Communications and Multimedia Commission (MCMC) to localise the solution.
Strengthening ESG, Talent and Governance
In preparation for its public listing, Valet Technology is sharpening its corporate governance and aligning its operations with environmental, social and governance (ESG) benchmarks.
“We are already compliant with SIRIM and CIDB standards, and we work closely with our advisors to meet all ESG and listing requirements,” Rayana said.
Beyond business growth, the company has also secured a Skills Development Department license to offer TVET-level training in electronics via its in-house academy.
“Our SIs undergo structured training before they represent our products. This initiative will now expand into formal skills development. We want to help shape a new generation of skilled Malaysians who can work globally,” she said.
Future Outlook and Industry Call
Rayana believes the convergence of physical and digital security will shape the future of Malaysia’s security industry and the region, and that proactive engagement between the government and private sector is essential.
“Digital risks are evolving fast, and the threat landscape is constantly shifting. We need strong public-private collaboration to keep pace.”
She also urged policymakers to accelerate the development of cyber-related regulations, noting that outdated policies often slow industry progress.
“We’re seeing a global race in this area, and Malaysia cannot afford to lag. Regulatory agility is key,” she said.
She added that Valet Technology’s upcoming expansion into identity security will be anchored by a new division in Cyberjaya, positioning the company for its next phase of growth.
-- BERNAMA