WISeKey Raises $ 20 Million in pre-IPO Funding at a $200 Million Valuation

GENEVA, April 26, 2010 /PRNewswire/ -- WISeKey (http://www.wisekey.com) is the one of the fastest growing eSecurity company in the world. A leading Swiss information security and identity management software and services firm headquartered in Geneva announced today that has secured $20 million pre-IPO at a $200 million valuation led by a group of USA, European and Swiss institutional and private investors.

The investment will enable WISekey to expand its operations in BRIC countries, capitalize on the global demand for its technology and the explosive growth of WISekey tools for the encryption of data and for digital identification of individuals and objects. These technologies are aimed to fight against counterfeiting, to provide security for Identity cards and bankcards, transactions on the Internet and portable phones, etc. Governments, international organizations, watch manufacturers and the telecommunication companies require our services.

WISekey is one of the 8 companies in Switzerland who are candidates for an IPO as soon the market stabilizes. The fact that WISekey took only 4 months to raise $ 20 million from the pre-IPO placement is infusing confidence in institutional investors for the duration of the IPO.

About WISeKey: WISeKey, a World Economic Forum High Growth Company, is expanding its global footprint via a group of strategic partnerships with key partners. WISeKey's global expansion is targeting BRIC economies as a priority, with several major wins recently in Brazil, Russian Federation, India and China. This enhances existing operations in the USA and Middle East from the Swiss Hub.

    For more information please contact:
    Dourgam Kummer
    CFO-COO WISeKey SA
    +41-22-594-30-00

SOURCE WISeKey SA