Big Data AI Company S2W Accelerates Global Expansion Leveraging IPO

## S2W Announces Acceleration of Overseas Business, Presenting Blueprint for 'Global Big Data Analysis AI Company' S2W held an IPO press conference in Yeouido, Seoul, on the 5th, unveiling its core technological capabilities and global business strategy, and declared its ambition to leap forward as a 'global big data analysis AI company.' S2W CEO Seo Sang-deok emphasized that this listing is a strategic move to strengthen the financial foundation and external credibility necessary for accelerating overseas business. At the core of S2W is its unique 'multi-domain cross-analysis technology' for collecting, refining, and analyzing multi-source, heterogeneous data. Based on this technology, the security big data platform 'XARVIS' for public and government agencies and the cyber threat intelligence (CTI) platform 'QUAXAR' for enterprises and institutions have garnered attention in the national security and corporate security markets since the company's inception. Subsequently, S2W successfully discovered new revenue streams by launching 'SAIP,' an industry-specific AI platform that extends this technology to various industries. CEO Seo Sang-deok cited the technology's versatility and scalability as its strengths. In addition to domestic investigative and defense agencies, the company signed a contract with INTERPOL in 2020 and has successively won projects from public institutions in Indonesia, Taiwan, Singapore, and Japan since 2023, demonstrating a strong presence in the overseas B2G market. In 2024, it showed rapid growth, with the proportion of overseas sales exceeding 23% of total revenue and exports increasing more than sixfold compared to the previous year. Furthermore, by expanding its B2G-verified technology to B2B sectors such as manufacturing, IT/telecommunications, and finance, it achieved an average annual customer growth rate of approximately 131%. As of last year, a high customer retention rate of about 96% and SaaS revenue accounting for approximately 69% of total revenue demonstrate a robust recurring revenue structure and business model stability. To target the global market, S2W plans to implement its domestically proven 'public first, then private' strategy overseas. This strategy involves securing references from public and government agencies in various countries and then expanding into the private market based on technological trust. The company has already expanded its distribution network, primarily in Asia and the Middle East, securing twenty partners worldwide. The funds raised through the IPO will be utilized for global business expansion. Local subsidiaries will be established sequentially in Japan and Singapore to strengthen global branding and expand the overseas customer base. Furthermore, the company announced its ambition to establish a global Internet Data Center (IDC) by 2027, solidifying its position as a true global big data analysis AI company. Through this listing, S2W will issue a total of 1.58 million new shares, aiming to raise approximately KRW 18 billion to KRW 20.9 billion based on the desired offering price (KRW 11,400 to KRW 13,200). The demand forecast for institutional investors concludes today, and subscription for general investors will take place for two days starting from the 7th. Daishin Securities is the lead underwriter for the listing.