Concorde Security
Concorde is a Singapore-based, Nasdaq-listed (now YOOV) technology-enabled security services firm that deploys its patented IFS mobile command platforms and IFA visitor kiosks across clusters of client premises, selling multi-year recurring contracts primarily to Singapore government and education buyers and now expanding into AIaaS following its 2026 merger with YOOV Group.
- Company typePublic
- Founded1997
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Concorde Security does
Concorde International Group Ltd (Nasdaq: YOOV, formerly CIGL) is a Singapore-based technology-enabled security services provider, founded in 1997 and public on Nasdaq since April 2025. The company's core offering is the I-Man Facility Sprinter (IFS), a patented mobile vehicular command platform equipped with CCTV cameras, IoT sensors and wireless communications that wirelessly aggregates surveillance feeds from clustered client premises; a 3-officer IFS team can service 15+ sites within a defined radius, displacing traditional on-site guards and reportedly delivering an 80%+ productivity gain relative to the conventional 3-guards-per-site model. The Intelligent Facility Authenticator (IFA) kiosk and the CG5 ServBot thermal/concierge robot extend the stack into automated visitor management, PDPA-compliant access control and accessibility support, while consultancy, training and traditional manned guarding round out the portfolio.
Concorde monetizes primarily through multi-year recurring service contracts (typically spanning several years, with new contract value concentrated in Singapore government and education tenders — approximately 99% of FY2024 revenue was recurring government/education business). Pricing models include subscription/contract pricing for IFS deployments, pay-per-use for IFA access control and traditional per-officer fees for man-guarding; secondary revenue streams include consultancy/training fees and post-merger AI-as-a-Service consumption-based billing following the April 2026 YOOV Group combination. Distribution is sales-led via direct enterprise engagement and Singapore public tenders, supplemented by the I-Guarding Global Alliance (channel) and local partnerships; the company holds four patents granted across more than 29 jurisdictions and multiple Singapore-government endorsements including IMDA pre-approved vendor status.
The April 2026 merger with YOOV Group (an AI-as-a-Service platform valued at US$600 million) rebranded the ticker to YOOV and installed co-CEO leadership, pivoting Concorde from a regional physical-security operator toward an AI-augmented facility and security automation platform. Earlier 2025–2026 moves — the Nasdaq IPO (US$5.75 million gross), the Software Risk cloud-based facilities management SaaS acquisition, the Ryde driver-partner distribution partnership and the Red Maple data technical services agreement — collectively reframe the business as a recurring, software- and AI-enabled security and facilities stack rather than a traditional guarding contractor.
Concorde Security firmographics
Firmographics- Name
- Concorde Security
- Legal name
- Concorde Security Pte Ltd
- Website
- https://concordesecurity.com
- Company type
- Public
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Concorde is a Singapore-based, Nasdaq-listed (now YOOV) technology-enabled security services firm that deploys its patented IFS mobile command platforms and IFA visitor kiosks across clusters of client premises, selling multi-year recurring contracts primarily to Singapore government and education buyers and now expanding into AIaaS following its 2026 merger with YOOV Group.
- Ownership category
- akta.pro rank
Concorde Security industry classification
Industry- Product category
- Technology-Enabled Security Services
- NAICS
- Security Guards and Patrol Services (561612), Security Systems Services (except Locksmiths) (561621)
- SIC
- Services-Detective, Guard & Armored Car Services (7381), Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Security Systems Monitoring & Dispatch (SOC/Remote Guarding) (IMAIAEAF)
Keywords
Where Concorde Security is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices4 records
Markets served
Concorde Security business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- i-Guarding Services (Technology-Enabled Security): Recurring revenue from deploying IFS mobile command vehicles and associated IoT-enabled monitoring services at client premises. Multi-year contracts typically spanning 2025-2029, with annual recurring contracts providing stable and predictable financial performance. Each IFS unit can service 15 or more locations, generating incremental revenue with minimal additional cost.
- Traditional Security Manpower Services: Traditional manned guarding services that complement the technology-driven offerings. Services include professional security officers providing physical presence and deterrence.
- Consultancy and Training Services: Expert advisory and specialized training programs provided to clients for security operations and workforce performance enhancement.
- Artificial Intelligence-as-a-Service (AIaaS): Post-merger with YOOV Group Holding Limited, the company integrates AI-driven business automation solutions enabling organizations to deploy advanced AI capabilities without significant infrastructure investment, delivered through a cloud platform.
- Intelligent Facility Authenticator (IFA): Pay-per-use model for visitor access control and identity verification, where tenants with fewer visitors are not penalized by those with high visitor traffic.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Pay-per-use access control |
| Subscription | Multi-year contract | Enterprise recurring security contracts |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
Concorde Security product offering
Product offeringCore offering
Concorde Security provides technology-enabled security guarding services through its patented I-Guarding platform, combining mobile command vehicles (I-Man Facility Sprinter/IFS), kiosk-based visitor access control (Intelligent Facility Authenticator/IFA), and AI-driven analytics under a proprietary Cluster aggregation model. The IFS units patrol multiple clustered client sites from mobile command centers, enabling one IFS to secure approximately 30 building sites with 9 officers instead of 30 traditional guards, while IFA automates visitor management. The company also delivers professional manned guarding, consultancy, training, and, following the 2026 merger with YOOV, AI-as-a-Service business automation.
Product overview
Concorde Security offers a unified platform of smart security solutions combining patented mobile technology with AI capabilities. The core offering is i-Guarding Services, comprising the I-Man Facility Sprinter (IFS) mobile surveillance platform and the Intelligent Facility Authenticator (IFA) access control system, both operating on the proprietary Cluster aggregation model. The IFS serves as the mobile command center patrolling clustered sites, while IFA handles automated visitor management. Additional offerings include robotics (CG5 ServBot), professional guarding services, and consultancy/training. Following the 2025 merger with YOOV Group Holding Limited, the portfolio expanded to include AIaaS capabilities with Business AI Agents for intelligent workflow automation. The 2025 acquisition of Software Risk added a cloud-based facilities management SaaS platform for integrated facilities oversight. The company serves commercial, financial, industrial, and governmental customers across Singapore with plans for international expansion.
Differentiator
Problem solved
Functional benefit
Brands
- I-Guarding Services: Suite of intelligent security solutions leveraging technology for 24/7 surveillance and monitoring of properties, assets, and building systems, powered by AI, IoT, and data analytics.
- I-Man Facility Sprinter (IFS)
- Intelligent Facility Authenticator (IFA)
Products and services
- i-Guarding Services Flagship suite of intelligent security solutions leveraging technology to deliver 24/7 surveillance and response. Combines IFS mobile surveillance units with IFA access control systems under a cluster aggregation model for commercial, governmental, and institutional clients.
- I-Man Facility Sprinter (IFS) Mobile vehicular command-and-control platform equipped with cameras, sensors, and wireless communication equipment. Each IFS unit patrols multiple clustered client sites within a defined radius, with 3 officers per IFS able to service 15+ locations, providing real-time monitoring and rapid incident response.
- Intelligent Facility Authenticator (IFA) Kiosk-based access control and visitor management system that automates secure pass issuance and access card dispensing with varying levels of security clearance, eliminating the need for human intervention in identity verification. Offered on a pay-per-use basis.
- Professional Guarding Services Traditional physical security presence with highly trained and experienced security officers providing on-site guarding and deterrence, integrated with the company's advanced technology systems.
- Consultancy and Training Services Expert security consultancy providing risk assessments, security plan development, and customized staff training programs tailored to different industries and security requirements.
- CG5 ServBot Thermal-Imaging Robot State-of-the-art concierge robot equipped with thermal imaging for contactless temperature screening and accessibility assistance, designed for healthcare, hospitality, and commercial facilities.
- Software Risk Facilities Management Platform Cloud-based SaaS facilities management platform providing centralized oversight of maintenance, physical security, visitor access, cleaning, waste disposal, environmental monitoring, incident reporting, and task scheduling across single or multiple sites via web and mobile applications.
- Artificial Intelligence-as-a-Service (AIaaS) Cloud platform delivered through the YOOV merger that enables organizations to deploy advanced AI capabilities including Business AI Agents for intelligent workflow automation, decision-support AI agents, and predictive analytics without significant infrastructure investment.
Quantifiable outcome
- Reduces on-site guard requirements from 3 to 2 or fewer per 24-hour shift
- +8 more outcomes
Companies that use Concorde Security
Customer profileNamed customers6 records
Segments8 records
Ideal customer profiles5 records
Concorde Security technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability9 records
Feature7 records
Concorde Security partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, flagship and minor.
- Red Maple International Group LimitedcoreData technical service agreement where Red Maple provides comprehensive data technical processing for Concorde's extensive security operations. Includes structuring multimodal data from surveillance systems, sensors, and on-the-ground operations, as well as training and optimization of intelligent security algorithms and development of multi-source data fusion models. Red Maple is a veteran fintech and data services provider established in 2007 with nearly 20 years of experience in data assetization and algorithm model training.
- YOOV Group Holding LimitedflagshipLandmark merger creating a next-generation AI-powered security ecosystem. YOOV is a leading AI-as-a-Service (AIaaS) platform valued at US$600 million, specializing in digitalized business automation solutions with advanced technologies in data analytics, intelligent workflow automation, and decision-support AI agents. Phil Wong, YOOV's CEO and Founder, became Co-CEO of CIGL following completion. The merger brings together CIGL's security services expertise with YOOV's innovative AI platform.
- Software RiskcoreAsset acquisition of Software Risk, a cloud-based SaaS facilities management platform, through Concorde's wholly owned subsidiary. The platform provides centralized oversight of maintenance, physical security, visitor access, cleaning, waste disposal, environmental monitoring, incident reporting, and task scheduling. Independent valuation at approximately $57.5 million. Consideration included cash payment of AUD 50,000, 100,000 restricted Class A Ordinary Shares, and 10% revenue share from Australian market income for 12 months.
- Ryde Group LtdflagshipStrategic partnership to drive cross-sector workforce transformation in Singapore's facilities management and security sectors. Ryde driver-partners gain access to short-term, on-demand security-related assignments, diversifying income streams. Concorde provides specialized security training and certification. An integrated technological solution assigns facilities and security tasks to qualified Ryde driver-partners. Partnership aims to onboard up to 5,000 Ryde Driver-Partners and launch operations in October 2025. Creates new revenue stream for both companies.
- I-Guarding Global Alliance (IGA) Founding MembersflagshipInternational alliance formed to drive global shift from manned-guarding to technology-enabled security services. Five founding members: Concorde Security (Singapore), G4S Singapore, Guthrie FMC, Amulet (UK), and Guardforce (Hong Kong). Aims to mobilize like-minded organizations worldwide that believe in using technology solutions to provide enhanced security outcomes. Concorde leads the alliance with its IFS solution as the core technology.
- Institute of Technical Education (ITE)minorPartnership to carry out Work-Learn Technical Diploma (WLTD) Programme, formalizing apprenticeship-based training arrangement with various employers. Brings and formalizes training for applicants to apply knowledge from lectures to real work environment. Concorde supervises and molds applicants during on-the-job training as part of its technology and social responsibility focus.
- Blue Ocean Security LimitedcoreMoU to collaborate in bringing technology-enabled security solutions to China and Belt and Road Initiative markets. Combines Concorde's patented business model and solutions with Blue Ocean Security's expertise and access to Silk Road Economic Belt markets. Blue Ocean operates out of Hong Kong and London with projects in Africa. CEO Donald Li is former Superintendent of Hong Kong Police Force with 28+ years of experience.
- Agency for Science, Technology and Research (A*Star)coreMoU signed during IIoT World Tour 2017 to enhance and develop integrated after-sales solution for Industrial Customer Care Sector with the latest technologies. Part of public-private partnership to advance manufacturing environment productivity through technology adoption.
Scale indicators12 records
Recent moves9 records
Expansion highlights6 records
Concorde Security competitors and assessment
Company assessmentDirect peers
- Certis: Singapore-headquartered integrated security services provider offering manned guarding, technology-enabled surveillance, and secure logistics. Most direct geographic and service-line competitor to Concorde in Singapore, with similar government and commercial client base and overlapping IFS-style technology positioning.
- G4S / Allied Universal: Global security services giant formed from G4S's acquisition by Allied Universal, providing manned guarding, security systems, and risk management across 100+ countries. Direct competitor in technology-enabled security and a co-founding member of Concorde's I-Guarding Global Alliance, making it both partner and competitor in international markets.
- Securitas AB: Swedish-based global security services company (~$15B+ revenue) providing manned guarding, mobile patrol, and security solutions. Direct competitor in technology-enabled guarding and a global benchmark for the security industry transformation that Concorde is attempting to disrupt in Asia.
- GardaWorld: Canadian-based global security services company (~$5B+ revenue) providing manned guarding, cash services, and security technology. Direct competitor in the technology-enabled security space and a relevant comparable for Concorde's technology transformation strategy.
- Prosegur: Spanish-based global security and cash logistics company providing manned guarding, security technology, and alarm monitoring. Direct competitor in the security services space with overlapping technology transformation strategy targeting labor-cost-driven market opportunities.
- Secom: Japan-headquartered security services company providing on-line security systems, manned guarding, and disaster prevention services. Direct competitor in the Asia-Pacific region with a similar technology-enabled security model and large government/corporate customer base.
Broad incumbents
- Sodexo: French-based global facilities management and food services major (~$25B revenue) with a security services line of business. Adjacent competitor post-Software Risk acquisition, as both companies serve the same integrated facilities management clients though Sodexo operates at much larger scale.
- ISS A/S: Danish-based global facility services company (~$12B+ revenue) offering integrated facility services including security, cleaning, and workplace management. Broad incumbent competitor in the integrated FM space, particularly relevant given Concorde's Software Risk acquisition and i-Guarding platform expansion.
- ADT Inc. US-based leading provider of monitored security and automation solutions for homes and businesses, owned by Apollo Global Management. Broad incumbent in the electronic security systems space, providing a benchmark for Concorde's technology-enabled security monitoring ambitions but operating primarily in residential/SMB US market.
- Brink's: Global leader in cash management, secure logistics, and digital retail solutions with a security services line of business. Broad incumbent offering technology-enabled security and ATM services, providing a relevant public-market comparable for a security company that has shifted from labor-intensive to technology-enabled services.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Concorde Security social profiles
Digital presenceConcorde Security compliance and trust
Trust signalCompliance4 records
Concorde Security financial estimates
Financial estimateRevenue estimate
Valuation estimate
Concorde Security leadership team
Management profileNumber of profiles
Profiles6 records
Concorde Security subsidiaries and ownership
Company hierarchySubsidiaries1 record
Concorde Security funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Concorde Security M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Concorde Security
What does Concorde Security do?
Concorde Security provides technology-enabled security guarding services through its patented I-Guarding platform, combining mobile command vehicles (I-Man Facility Sprinter/IFS), kiosk-based visitor access control (Intelligent Facility Authenticator/IFA), and AI-driven analytics under a proprietary Cluster aggregation model. The IFS units patrol multiple clustered client sites from mobile command centers, enabling one IFS to secure approximately 30 building sites with 9 officers instead of 30 traditional guards, while IFA automates visitor management. The company also delivers professional manned guarding, consultancy, training, and, following the 2026 merger with YOOV, AI-as-a-Service business automation.
Is Concorde Security a public or private company?
Concorde Security is a public company. It is classified as public and is currently operating.
When was Concorde Security founded?
Concorde Security was founded in 1997. It employs 101 to 250 people.
Where is Concorde Security based?
Concorde Security is headquartered in Singapore, Singapore, in the Asia region.
How does Concorde Security make money?
Five revenue lines are on record. i-Guarding Services (Technology-Enabled Security) is the primary driver. The others are traditional Security Manpower Services, consultancy and Training Services, artificial Intelligence-as-a-Service (AIaaS) and intelligent Facility Authenticator (IFA).
Who are Concorde Security's main competitors?
Direct peers on record are Certis, G4S / Allied Universal, Securitas AB, GardaWorld, Prosegur and Secom. Broad incumbents are Sodexo, ISS A/S, ADT Inc. and Brink's.
Does Concorde Security have an API?
No public API is recorded for Concorde Security.
What industry is Concorde Security in?
Concorde Security's product category is Technology-Enabled Security Services. Its primary akta.pro industry code is IMAIAEAF, Security Systems Monitoring & Dispatch (SOC/Remote Guarding). Its NAICS code is 561612 and its SIC code is 7381.