ViVeTech rings the bell, the cybersecurity sector is now represented on the BÉT Xtend market

The Budapest Stock Exchange’s mid-cap platform, BÉT Xtend, has welcomed a new issuer as trading has begun for Vivetech, a key player in the Hungarian cybersecurity sector. On its path to the public market, the company utilized several BÉT services tailored for mid-sized enterprises. The Mentor Program assisted with financing the listing, while the ELITE Program provided support in acquiring the necessary intellectual capital. ViVeTech’s presence in the capital market is expected to significantly support its primary objective: international expansion.
The trading launch ceremony symbolizing Vivetech’s stock market entry was held at the Budapest Stock Exchange headquarters, with the participation of Végh Richárd, CEO of BÉT, and Márton Miklós, CEO of Vivetech. Also present was Péter Schuszter, Deputy CEO of SPB Befektetési Zrt., which supported Vivetech’s stock market entry as an advisor.
As part of the listing, a total of 12,129,500 ordinary shares, each with a nominal value of 10 forints, were introduced to the BÉT Xtend platform.
Vivetech first appeared on the radar of the Budapest Stock Exchange in 2019. The cybersecurity company successfully applied for the Mentor Program, which is funded by the European Union and supports both the financial and professional aspects of a stock market debut. Later, as the company neared its listing, it joined the ELITE Program, an international business development training initiative introduced in Hungary by BÉT. The BÉT Xtend platform may serve as the next phase of Vivetech’s capital market presence and growth trajectory.
The Hungarian-owned Vivetech has been active since 2011, focusing primarily on IT security. Its activities include consulting on information security strategies, business continuity planning, business impact analysis, quality assurance, and project management support, as well as developing proprietary software solutions. The company places special emphasis on enhancing IT security for critical infrastructure providers and is developing its own application platform, the Vivesec software, which enables the comprehensive and efficient operation of an information security management system (ISMS). Vivetech aims to launch this product first on the German market.
"The transparency provided by the stock exchange is a great asset for our growth and international expansion strategy. This is especially true in our case, as we operate in the cybersecurity sector, an industry that requires a deep level of trust. The increased trust associated with publicly traded companies led us to choose the path of issuing shares. On behalf of all our employees, I would like to thank the Budapest Stock Exchange for its support and our investors for their trust," said Márton Miklós, CEO of Vivetech, regarding the company's stock market debut.
"We are pleased that our market specialized for mid-sized enterprises, BÉT Xtend, continues its dynamic growth, as seen in recent periods. Vivetech’s stock market entry is the result of a long-term effort, during which we have welcomed the company into several BÉT initiatives. Additionally, the listing of Vivetech’s shares is an important step due to the nature of its business, as cybersecurity is one of today's most critical issues, affecting nearly all members of the corporate and business sectors," added Végh Richárd, CEO of the Budapest Stock Exchange.

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