Lydsec Digital Technology Set to Debut on Taipei Emerging Stock Market on May 13, 2025
Lydsec Digital Technology, also known as Keypasco, is making waves in the cybersecurity landscape as it prepares to register on the Taipei Exchange's emerging stock market on May 13, 2025. The firm has set a reference price of NT$58 per share, making its debut a highly anticipated event in the technology sector. As a leading entity in online identity authentication security, Lydsec specializes in providing a wide array of software systems and application solutions tailored to protect user privacy without sacrificing usability.
The company’s product suite includes cutting-edge offerings like Zero Trust Network Access (ZTNA), Multi-Factor Authentication (MFA), and FIDO authentication products, each crafted with the goal of enhancing security while ensuring ease of use across various platforms. Lydsec has reported a paid-in capital of NT$164 million, signaling robust financial backing as it takes this next step.
Lydsec’s growth trajectory has been impressive, with the company consolidating its presence in Taiwan while effectively reaching out to international markets such as Japan, Europe, the Middle East, and India. In a remarkable achievement, its overseas revenue now accounts for around 70% of its total business. The year 2024 marked significant milestones for Lydsec, as it posted consolidated revenues of NT$110 million—an astounding 69% increase over the previous year—along with a net profit of NT$15.42 million and EPS of NT$1.15.
One of Lydsec’s standout features is its emphasis on intellectual property. The firm holds six international patents across 16 countries, including major markets like the U.S., Japan, and the EU. These patents cover various innovative solutions such as device fingerprints combined with a risk management engine, proximity authentication, and dynamic URL linking, reinforcing Lydsec's competitive edge in a rapidly evolving industry.
As governments push for the implementation of Zero Trust principles in cybersecurity frameworks, Lydsec Digital is well-positioned to meet these demands. The Taiwanese government, through its Institute for Information Industry, has mandated the gradual adoption of essential zero-trust elements—identity verification, device verification, and trust inference. Lydsec's products have notably passed the verification phases set by this institute, ensuring alignment with national cybersecurity goals.
In Taiwan, Lydsec has built a trusted clientele of over ten financial institutions, notably including Hua Nan Bank and Taiwan Cooperative Bank. Globally, the company boasts over 10 million active users, with applications extending into finance, government, e-commerce, healthcare, and beyond. The ongoing advancements in generative AI are driving Lydsec to refine its Keypasco product line, balancing usability with the need for heightened cybersecurity measures.
Data from MarketsandMarkets Research Ltd. indicates that the global market for Multi-Factor Authentication is projected to surge from $15.2 billion in 2023 to $34.8 billion by 2028, underscoring the increasing importance of identity security. Lydsec's Keypasco solutions are at the forefront of this growth, integrating multiple authentication methods including device authentication, geo-location, and proximity authentication through NFC and Bluetooth.
The company’s international expansion has been noteworthy, with its overseas revenue being 2.5 times that of its operations in Taiwan. A diverse range of clients from the Middle East to Europe and the Asia-Pacific region rely on Lydsec's expertise, achieving a client renewal rate exceeding 90% over the last decade. With the addition of enterprise customers globally, Lydsec is poised for significant sustained growth.
Lydsec Digital Technology continues to innovate in online identity management, operating from its headquarters in Taiwan while maintaining subsidiaries and distribution partners across several international markets. Its strategic focus on sectors like finance, healthcare, and smart buildings enhances its adaptability and relevance in an increasingly connected world.
For further information on Lydsec Digital’s products and offerings, interested parties can visit the company’s official website. As this IPO marks a new chapter for Lydsec, industry stakeholders eagerly await the broader impact on the cybersecurity market landscape.
The company’s product suite includes cutting-edge offerings like Zero Trust Network Access (ZTNA), Multi-Factor Authentication (MFA), and FIDO authentication products, each crafted with the goal of enhancing security while ensuring ease of use across various platforms. Lydsec has reported a paid-in capital of NT$164 million, signaling robust financial backing as it takes this next step.
Lydsec’s growth trajectory has been impressive, with the company consolidating its presence in Taiwan while effectively reaching out to international markets such as Japan, Europe, the Middle East, and India. In a remarkable achievement, its overseas revenue now accounts for around 70% of its total business. The year 2024 marked significant milestones for Lydsec, as it posted consolidated revenues of NT$110 million—an astounding 69% increase over the previous year—along with a net profit of NT$15.42 million and EPS of NT$1.15.
One of Lydsec’s standout features is its emphasis on intellectual property. The firm holds six international patents across 16 countries, including major markets like the U.S., Japan, and the EU. These patents cover various innovative solutions such as device fingerprints combined with a risk management engine, proximity authentication, and dynamic URL linking, reinforcing Lydsec's competitive edge in a rapidly evolving industry.
As governments push for the implementation of Zero Trust principles in cybersecurity frameworks, Lydsec Digital is well-positioned to meet these demands. The Taiwanese government, through its Institute for Information Industry, has mandated the gradual adoption of essential zero-trust elements—identity verification, device verification, and trust inference. Lydsec's products have notably passed the verification phases set by this institute, ensuring alignment with national cybersecurity goals.
In Taiwan, Lydsec has built a trusted clientele of over ten financial institutions, notably including Hua Nan Bank and Taiwan Cooperative Bank. Globally, the company boasts over 10 million active users, with applications extending into finance, government, e-commerce, healthcare, and beyond. The ongoing advancements in generative AI are driving Lydsec to refine its Keypasco product line, balancing usability with the need for heightened cybersecurity measures.
Data from MarketsandMarkets Research Ltd. indicates that the global market for Multi-Factor Authentication is projected to surge from $15.2 billion in 2023 to $34.8 billion by 2028, underscoring the increasing importance of identity security. Lydsec's Keypasco solutions are at the forefront of this growth, integrating multiple authentication methods including device authentication, geo-location, and proximity authentication through NFC and Bluetooth.
The company’s international expansion has been noteworthy, with its overseas revenue being 2.5 times that of its operations in Taiwan. A diverse range of clients from the Middle East to Europe and the Asia-Pacific region rely on Lydsec's expertise, achieving a client renewal rate exceeding 90% over the last decade. With the addition of enterprise customers globally, Lydsec is poised for significant sustained growth.
Lydsec Digital Technology continues to innovate in online identity management, operating from its headquarters in Taiwan while maintaining subsidiaries and distribution partners across several international markets. Its strategic focus on sectors like finance, healthcare, and smart buildings enhances its adaptability and relevance in an increasingly connected world.
For further information on Lydsec Digital’s products and offerings, interested parties can visit the company’s official website. As this IPO marks a new chapter for Lydsec, industry stakeholders eagerly await the broader impact on the cybersecurity market landscape.
Topics Business Technology）
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