KARACHI: Supernet, a subsidiary of Telecard Limited, up for an initial public offering, is targeting to serve national, as well as international cyber-security needs.
With the increase in digitalisation and automation, the demand for IT infrastructure and cyber-security challenges have increased manifold.
Globally the year 2020 broke all records when it came to data lost in breaches and sheer numbers of cyber-attacks on the companies, government, and individuals.
“We continue to see an increase of cyber breaches and attacks in 2022, as well,” Jamal Nasir Khan, CEO of Supernet said in an interview with BOL News.
“This is a high growth area, as we see record cyber-security breaches globally. We also see infrastructure demand in Pakistan increasing phenomenally. We are serving international customers through our Dubai office and have plan to start offering offshore cyber-security and infrastructure solutions and services, as well.”
Speaking about the upcoming initial public offering, the Supernet CEO said: “We have applied to [the] PSX [Pakistan Stock Exchange] for listing and the application is in advance stage of the whole process.”
The management believes this to be the right time for the shares sale, as the markets across the world are valuing the companies who belong to new economy, i.e., technology-oriented businesses.
The tech company valuations have ballooned to over $35 trillion: a figure that places their combined value as higher than the whole of the US $20.81...
Read Full Story: https://www.bolnews.com/latest/2022/01/supernet-believes-time-is-ripe-for-tech-ipo/
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