Kuala Lumpur: Valet Technology Sdn Bhd is preparing for an initial public offering (IPO) on Bursa Malaysia’s ACE Market in the first quarter of 2026, as the company aims to enhance its presence in the cyber and identity security sectors. Chief executive officer Puan Sri Rayana Abdul Rahman stated that the planned listing is part of the company’s strategy to extend its reach beyond Malaysia and bolster its research and development capabilities.
According to BERNAMA News Agency, the IPO is not just about raising capital but about establishing a stronger foundation for Valet Technology’s identity security offerings and R and D pipeline. Founded in 1995, the company has transitioned from traditional human-based security services to a tech-driven enterprise with a workforce of 200 and a network of over 1,000 system integrators (SIs) across Malaysia. Rayana emphasized the importance of nurturing partnerships with smaller entrepreneurs, which has enabled the company to support key government clients, including the Immigration Department and various ministries through its SIs.
Valet Technology is recognized for supplying around 200 boom gates at strategic locations such as the CIQ complex and Tuas second link for pedestrian and public transport access. The company provides technical expertise and product knowledge to assist SIs throughout the tender process. The firm’s revenue is currently around RM25 million, with expectations of growth following the IPO.
In its diversification efforts, Valet Technology has ventured into the digital and cyber security spaces, introducing Valet Shield, an AI-powered scam call detection system developed with US-based partners. The company is collaborating with Oman’s Transport and Technology Ministry and state telco Omantel to implement this technology in the Middle East. Rayana highlighted Oman’s strategic positioning and its connectivity to global markets as advantageous for the project.
Valet Technology is also exploring partnerships in Indonesia and Africa while aiming to localize the Valet Shield solution with the Malaysian Communications and Multimedia Commission (MCMC). As part of its public listing preparations, the company is enhancing its corporate governance and aligning operations with environmental, social, and governance (ESG) standards, already compliant with SIRIM and CIDB standards.
The company has obtained a Skills Development Department license to provide TVET-level training in electronics, aiming to develop a globally skilled Malaysian workforce. Rayana envisions the integration of physical and digital security as pivotal to Malaysia’s future security industry, advocating for stronger collaboration between the government and private sector to address evolving digital risks.
She urged policymakers to expedite the development of cyber-related regulations, noting the importance of regulatory agility in the fast-paced global landscape. Valet Technology’s upcoming expansion into identity security will be supported by a new division in Cyberjaya, setting the stage for the company’s next growth phase.