Cybersecurity company CQUBISTA said on Thursday it has signed a lead manager contract with Daishin Securities for a listing on the KOSDAQ market and has begun preparations for the listing.

CQUBISTA develops and supplies network detection and response (NDR) solutions. It has provided its flagship product, PacketCYBER, to public institutions, the financial sector and corporate clients. PacketCYBER combines real-time network packet analysis technology with an artificial intelligence-based threat detection algorithm. It also provides IoTCYBER, which is tailored for IoT environments. The company is also accelerating development of its encrypted traffic analysis (ETA) product PacketCYBER EVA and a version that supports cloud environments.

CQUBISTA CEO Duk-jo Jeon (전덕조) said signing the lead manager contract is an important milestone in the listing work it has prepared over a long period and that it will proceed with the listing process in cooperation with Daishin Securities. He said the company will expand investment in research and development and its entry into overseas markets, while pursuing advances in security technology and improved management efficiency to broaden its competitiveness in the global cybersecurity market.