Safetech Innovations, founded in 2011, specializes exclusively in providing cyber security services and solutions to local and international companies. It is present in three countries with offices opened in Bucharest, London and Abu Dhabi. In 2023, the company aims to open an office in the United States of America.
“In 2020, when we announced our intention to list on the AeRO market of the Bucharest Stock Exchange, we stated that the capital market is an important pillar for us and that its mechanisms will support us in accelerating our development plans. We are thrilled that two years later, we have reached the objectives communicated to investors and shareholders – increasing financial performance, expanding abroad by opening offices in London and Abu Dhabi and soon in the US, and moving to the Main Market. We thank our shareholders, investors and partners for their trust and support in achieving these goals. With this transfer, Safetech Innovations enters a new stage as a trustworthy company ready to seize opportunities in the cybersecurity industry at the global level,” stated Victor Gansac, Chairman of the Board of Directors and CEO of Safetech Innovations.
“Safetech Innovations is one of the success stories written recently at the Bucharest Stock Exchange, a story that underlines the potential of companies listed on the AeRO Market. The transfer to the Regulated Market represents a new opportunity for the Safetech team to develop and continue the accelerated growth that the company has experienced on the AeRO market, this time with the help of new financing opportunities available on the main segment of the Stock Exchange. As of today, Safetech Innovations, a company that uses its expertise to create a safer cyber ecosystem for businesses with essential security needs, continues its upward trajectory into a new league, and we look forward to seeing how it performs as an issuer of the Regulated Market. Congratulations to the entire team for this performance, and good luck in the future“, said Radu Hanga, President of the Bucharest Stock Exchange.
“Safetech Innovations is the third company to take the step to the Regulated Market, following its debut on the AeRO market in 2021. This transfer shows that the AeRO market is fulfilling its objective as a launching platform for companies with growth potential who want to use all the benefits of the capital market and who see the AeRO market as a site where they can prepare for listing on the main segment of the Stock Exchange. We already have several companies listed on the AeRO market meeting the necessary premises to become companies listed on the Regulated Market, and we hope they will soon follow the Safetech Innovations example. The trajectory followed by the Safetech team is a story about accomplishments at the Bucharest Stock Exchange, and we congratulate it for the steps that have brought it to this important moment in its evolution on the capital market”, stated Adrian Tanase, CEO of the Bucharest Stock Exchange.
The transfer of Safetech Innovations shares on the Regulated Market was carried out with the support of Alpha Bank Romania, as an intermediary, Cornerstone Communications, as a consultant on the capital market and Baker Tilly Klitou and Partners, as an auditor.
Safetech Innovations is the third company listed on the Bucharest Stock Exchange to move from the AeRO market to the Regulated Market, after Chimcomplex Borzesti (CRC) in January 2022 and Bittnet Systems (BNET) in June 2020.