ViVeTech Zrt., which has been operating since 2011, plans to list its shares on the Budapest Stock Exchange in the second half of 2021. It has now received a HUF 40 million, 50 percent intensity, non-refundable grant from the BSE Mentoring Program in a joint tender of the BSE and the Ministry of Finance to promote the listing and preparation of small and medium-sized companies. The company is preparing to enter the Western European market with its own software including a new service package related to it, which is intended to be financed by raising capital. ViVeTech furthermore, plans to join the BSE ELITE program.
The Hungarian-owned ViVeTech Zrt. has been operating since 2011, focusing on IT security, specifically, information security strategy development, business continuity plans, business impact analysis, quality assurance and project management support of self-developed software solutions.
ViVeTech has been providing IT security services to Hungarian Critical Infrastructure (CI) providers for several years. Based on their experience, they have recently announced the development of a software that helps CI providers comply with the legislation. The 100 percent of Hungarian-developed ViVeSec software is a fully automated service that enables a simple and cost-effective implementation of the ISO27001 information security standard. A special advantage is that it can be flexibly adapted to the different regulatory requirements of different countries. The software supports compliance with industry and country-specific requirements required by the ISO27001 standard and the BSI quality assurance organization, including implementation of an information security management system, obtaining certification, and maintaining the system, as well as continuous quality control.
Following the success in the Hungarian market, the company wants to enter the market in Western Europe with its new software and services to raise capital through the stock exchange.
“Expansion requires funding and this requires the transparency provided by the stock exchange. Due to the increased trust in listed companies, we decided to choose the path of issuing shares. The support we received under the Mentor Program confirmed that we had made the right decision, as we were one step closer to the BSE Xtend market. On behalf of all employees of our company, I would like to thank the Budapest Stock Exchange for their trust.” Miklós Márton, CEO of ViVeTech Zrt.
The company has now received a HUF 40 million, 50 percentage intensity, non-refundable grant within the framework of the BSE Mentor Program, which is a joint application of the BSE and the Ministry of Finance to facilitate the appearance and preparation of small and medium-sized companies on the stock exchange. Furthermore, ViVeTech plans to join the BSE ELITE program, a training series co-organized by the London Stock Exchange Group and the Budapest Stock Exchange, listing more than 1,500 participating companies globally.