Monday 26 September 2016

IT security firm Integrity 360 mulls 2020 flotation

Published 26/06/2016 | 02:30

"We would be looking to grow ourselves currently until 2020, and then maybe look at an IPO. But doing the Irish Stock Exchange programme is allowing me to get my ducks in a row." File photo: Depositphotos

Irish IT security firm Integrity 360 plans to explore a stock market flotation in 2020 after graduating from the Irish Stock Exchange's IPO Ready programme.

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Chief executive Eoin Goulding said the company wants to continue to grow before examining going public.

"We're having great growth at the moment both here in Ireland and the UK. We're on a big hiring programme at the moment, we want to hire 50-plus people and that's to support our international growth," he said.

"We would be looking to grow ourselves currently until 2020, and then maybe look at an IPO. But doing the Irish Stock Exchange programme is allowing me to get my ducks in a row.

"I'm going to start running Integrity more like a publicly listed company, because if you are publicly listed I think there's massive pluses in there both for the shareholders and the staff, and I'm moving to that model, which means I can execute quite quickly."

Aileen O'Donoghue, the Irish Stock Exchange director of strategy, policy and communications, said the exchange intends to run a second version of the scheme next year.

"We know that there are more ambitious, high-potential companies out there - and we would encourage them to get in touch with the Irish Stock Exchange to start a conversation on how we can help them scale up," she said.

"It was wonderful to see the companies on the programme grow. We are very proud of playing a small part in their development journey - and we are hopeful that we will see some of them joining Irish Stock Exchange markets in the future," she added.

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