London Stock Exchange welcomes BrandShield Systems Plc to AIM
London Stock Exchange welcomes BrandShield Systems Plc (“BrandShield” or the “Company”), a leading provider of cyber security solutions from brand protection to online threat hunting, to celebrate the listing of the Company's public shares onto AIM, under the ticker "BRSD".
BrandShield Systems has today completed the reverse takeover of Two Shields Investments plc ("Two Shields"), having raised £3.2 million in new funding from a range of institutional and private investors to deliver its growth strategy.
The new funding will help BrandShield capitalise on the increasing number of new business opportunities it sees. During 2020, there has been an acceleration in interest in BrandShield due to the increase in online criminal activity caused by COVID-19. BrandShield provides digital brand protection and online threat hunting services to protect brands and companies from the financial cost and reputational damage caused by criminal activities, such as phishing and fraud, executive impersonation or the sale of counterfeit goods online.
The global cyber threat intelligence market is growing rapidly, and according to MarketsandMarkets, is estimated to grow to US$12.9 billion by 2023, at a compound annual growth rate of almost 20%. Headquartered in Israel, BrandShield already works with many global brands and customers that operate in a variety of sectors including ﬁnancial services, pharmaceuticals, fashion, technology, sports and entertainment. Around two-thirds of BrandShield's sales are in the US, where, along with Europe and Asia, its products and services are increasingly in demand.
BrandShield is the first Israeli company since 2018 to list on Londo Stock Exchange, and the first listing of a cybersecurity company also since 2018.
Yoav Keren, CEO of BrandShield, said: “The demand for BrandShield's market-leading services which can remove the online threats that cause companies significant financial and reputational damage is only going to grow. The coronavirus crisis has been a coming of age for online scammers and con artists. Cybercriminals across the world have sought to exploit the pandemic from offering fake medicines to phishing scams. Eventually, all companies will need a solution to counter developing online threats, and we are well-positioned to help them. Our listing on AIM and recent fundraising, will help us move from an under the radar solution during our development phase to becoming the premier provider on the market.”
Justine Zwerling, Head of Primary Markets – Israel, London Stock Exchange said: “We’re delighted to welcome BrandShield Systems to AIM today and congratulate the company on its successful capital raising. Through AIM, dynamic businesses from around the world have access to London’s deep pools of international equity capital, enabling them to fund innovation and support continued growth.”
To find out more about BrandShield visit: www.brandshield.com