Exclusive Networks has revealed its intention to go public as part of a cunning plan to go global.
The channel player has chosen to list on the Euronext Paris after filing its documents with French Autorité des marchés financiers (AMF), courting investment in a business that has charted a course in delivering emerging security and cloud technologies.
The aim is to use the IPO to generate a capital raise of up to approximately €260 million of primary proceeds that will help the business continue on its growth journey.
The firm has grown significantly and had a 36 percent gross sales CAGR since 2013. It is operating in a cyber security market that is estimated to be worth €58 billion in 2020 and growing at a nine percent CAGR from 2020 to 2026.
Jesper Trolle, CEO of Exclusive Networks, has been in the role for just over a year and during that period the business has expanded geographically. The company has launched its XOD cloud platform and earlier this summer made sure it was in a position to support security start-ups with the acquisition of fellow distie Ignition Technology.
