Raises €9.1 million, market capitalisation €40.9 million
Paris – 16 June 2015– EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), todaycelebrated the listing of Wallix Group, a software company supplying cyber-security and governance solutions for access to information systems. Wallix Group listed on Alternext in Paris.
Founded in 2003 by Jean-Noël de Galzain and Amaury Rosset, Wallix Group is a recognised expert in privileged account management. Privileged accounts are entry points for information systems and connected equipment that give internal or external users access to a private or public-sector entity’s computers, networks and other applications. Wallix delivers solutions to risks linked to the management and use of privileged accounts. Cyber-attacks on such accounts cost an estimated $445 billion a year worldwide.
The admission and issue price of Wallix Group shares was set at €10.50 per share. Market capitalisation was €40.9 million on the day of listing, and the transaction raised a total of around €9.1 million.
Jean-Noël de Galzain, co-founder and CEOof Wallix Groupsaid:“We are proud and pleased with our very successful listing. Funds raise will enable us to deploy our growth strategy designed to make us a European leader in the latest generation cyber-security solutions and thus help build a safer, more sustainable digital world.”
Eric Forest, CEO of EnterNext said: “We are delighted to welcome Wallix Group to the community of issuers listed on Alternext in Paris. Funds raised on our markets will allow this iconic French tech business to step up its international development. Listing will also raise its profile with large clients and help it to continue recruiting top talent. We are convinced that listing will serve Wallix Group’s growth strategy.”