Edvance International Holdings

What Edvance International Holdings does

Edvance International Holdings Limited is a Hong Kong-headquartered, publicly listed cybersecurity group (HKEX: 1410) operating across Greater China and select ASEAN markets. Founded in 2002 and transferred from GEM to the mainboard in 2019, the group has evolved from a pure-play IT security reseller into a service-led cybersecurity platform anchored by two operating pillars: a value-added distribution (VAD) business (Edvance Technology Hong Kong and Edvance Technology China), which carries both global vendors and emerging Chinese cybersecurity brands, and a self-developed Security-as-a-Service portfolio built around Green Radar and ESH (Edvance Service Hub).

Green Radar, established in 2018 and operated in Hong Kong and Singapore, delivers cloud-based managed detection and response (MDR) under subscription. Its service family includes grMail (email security), grShield (endpoint detection and response), grKey (privileged access management), and the newer grAwareness training platform. The SOC combines security analysts with big-data analytics and global threat intelligence, and the group is now publicly pivoting toward AI-native product development with R&D directed at machine learning for phishing detection. Edvance Technology Hong Kong was recognized by Frost & Sullivan in 2018 as the largest VAD in Hong Kong's IT security solutions market by revenue.

The group earns revenue primarily through cybersecurity distribution and recurring cybersecurity services, with the services stream having crossed over 50% of group revenue by FY2024. The reported revenue trajectory is HK$577M (FY2023) → HK$625.4M (FY2024, +8.3%) → HK$734.3M (FY2025, +17.4%) → HK$776.7M (FY2026, +5.8%). Profitability is modest at HK$22.4M profit after tax in FY2026 (excluding a HK$9.0M one-off intangible impairment). In April 2024, the group divested its 60% stake in Axion Global Asset Management, formally exiting the SFC-regulated digital asset management business and narrowing strategic focus to cybersecurity. The channel-partner go-to-market targets government and large enterprise in Hong Kong, with mid-market ASEAN expansion underway in Thailand and Malaysia.

Name

Edvance International Holdings

Legal name

Edvance International Holdings Limited

Website

https://edvanceintl.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Edvance International Holdings is a Hong Kong-listed cybersecurity group operating a value-added distribution business and a self-developed Security-as-a-Service portfolio (Green Radar, ESH), serving government and enterprise customers across Greater China and select ASEAN markets via channel partners and recurring subscriptions.

Ownership category

akta.pro rank

Product category

Cybersecurity Distribution and Managed Security Services

NAICS

Security Systems Services (except Locksmiths) (561621), Software Publishers (5132)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Endpoint Security Managed Services (EDR/XDR) (BPAEADAH)

akta.pro secondary industries

Endpoint Detection & Response (EDR) (HDADAEAA), Email Archiving, eDiscovery & Compliance (HDADAKAE)

Keywords

• Cybersecurity distribution
• Value-added distribution
• Security-as-a-service
• Managed detection response
• Email security services

Headquarters

HQ city

Kwun Tong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Cybersecurity Solutions Distribution: Revenue from distribution of cybersecurity solutions as a value-added distributor (VAD), representing core business operations with distribution of global and China-tech innovator products to enterprise customers in Hong Kong and ASEAN markets.
2. Cybersecurity Services: Recurring revenue from Security-as-a-Service offerings including managed detection and response, email protection, endpoint security, and privileged access management. Subscription-based model ensures predictable long-term growth. Services include Green Radar, grMail, grShield, and grKey. Cybersecurity services business accounted for over 50% of Group's revenue in FY2024.
3. Fintech Ventures and Digital Assets: Strategic investments in fintech domain through Axion Global Digits as technology ventures and innovation centre. Includes Axion Global Innovation Centre and Axion Global Asset Management (received SFC regulatory approval in 2022 to manage virtual assets). Reduced exposure to digital assets business following sale of Axion Global Asset Management Limited in April 2024.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Edvance International Holdings is a value-added distributor of cybersecurity solutions and a provider of Security-as-a-Service offerings across Hong Kong, Mainland China, and ASEAN. The company combines distribution of global and China-tech cybersecurity products with self-developed managed security services, including email protection, endpoint detection and response, privileged access management, and security awareness training, delivered primarily through recurring subscription models.

Product overview

Edvance International Holdings operates a diversified portfolio of cybersecurity and fintech businesses organized around two core domains: Cybersecurity (through Edvance Technology Hong Kong and China as value-added distributors, ESH for managed security services, and Green Radar for Security-as-a-Service) and Fintech (through Axion Global Digits for venture growth and digital asset management). The company has expanded from traditional cybersecurity distribution into self-developed cloud-based services, with products including grMail (email security), grShield (endpoint detection and response), grKey (privileged access management), and grAwareness (cybersecurity training), all delivered through a recurring revenue subscription model.

Differentiator

Problem solved

Functional benefit

Brands

• Green Radar: Cloud-based Security-as-a-Service provider focusing on email and endpoint protection with MDR approach
• ESH (Edvance Service Hub)
• Axion Global Digits
• wepro180
• 180 Digital Platform
• grMail
• grShield
• grKey
• grAwareness

Products and services

• Edvance Technology Hong Kong Value-added distribution of cybersecurity solutions in Hong Kong; recognized by Frost & Sullivan as the largest value-added distributor for IT security solutions in Hong Kong by revenue in 2018.
• Edvance Technology China Cybersecurity solution provider operating in Mainland China, distributing and supporting enterprise security products across the region.
• Green Radar Cloud-based Security-as-a-Service provider focused on email and endpoint protection, combining managed detection and response (MDR) with security experts, big data, and global threat intelligence for enterprises.
• ESH (Edvance Service Hub) Cybersecurity services provider using a cloud-based Managed Detection and Response platform covering Application and Data Security, Identity and Access Management, and Network Security for enterprise customers.
• Axion Global Digits Venture growth partner combining know-how, engineering, and go-to-market capabilities to back entrepreneurs building fintech and cybersecurity products, including the Axion Global Innovation Centre.
• grMail Subscription-based cloud email security service providing email threat protection for enterprise customers.
• grShield Managed endpoint detection and response service delivering continuous endpoint security monitoring and response for enterprises.
• grKey Managed privileged access management service enabling secure access control and identity management for enterprises.
• grAwareness Training Platform Online cybersecurity awareness training platform helping organizations close employee knowledge gaps and meet compliance requirements, with content available in Thailand and Malaysia.

Quantifiable outcome

• FY2026 Revenue: HK$776.7 million, up 5.8% YOY
• +4 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature7 records

Partnerships

One partnership is on record.

• Frost & SullivanminorOthers · 1 January 2018Edvance Technology Hong Kong was recognized by Frost & Sullivan as the largest value added distributor in terms of revenue for IT Security Solutions industry in Hong Kong in 2018.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Emerging players

• LGMS (LGMS Berhad): Malaysia-listed cybersecurity services specialist providing testing, advisory, and managed security. Comparable emerging regional cybersecurity services player targeting ASEAN enterprise customers.
• Darktrace: AI-native cybersecurity vendor with self-learning threat detection (email, endpoint, network). Represents the AI-native competitive frontier that Edvance's Green Radar is pivoting toward, with APAC enterprise presence.

Broad incumbents

• NTT Security (Japan / NTT Ltd.): Global broad-incumbent managed security services provider with strong APAC presence offering managed detection, incident response, and consulting. Competitor for enterprise security budgets in HK/ASEAN though part of a much wider NTT portfolio.
• SoftBank Corp. Major Japanese telecom with growing enterprise cybersecurity services business across APAC. A broad incumbent competing for enterprise and government security budgets in Edvance's target markets.
• Trend Micro: Japan-headquartered global cybersecurity vendor with deep APAC roots, offering endpoint, email, and cloud security. Both a potential Edvance distribution partner and a competitor for Green Radar's email/endpoint services.

Regional players

• Acer Cyber Security (ACS Pro): Taiwan-based cybersecurity services provider focused on Greater China and select APAC markets. Comparable regional MSSP offering managed detection and response services competing with Edvance's Green Radar.

Direct peers

• SECUREAXIS: ASEAN cybersecurity distributor and managed security services provider. Directly comparable as a regional cybersecurity VAD combining distribution with managed services for enterprise customers.
• Telsys (Telekomunikasi & Sistem): Singapore-based cybersecurity distributor providing enterprise security solutions across ASEAN. Comparable VAD model serving enterprise/government customers with multi-vendor cybersecurity portfolio.
• Systex Corporation: Taiwan-listed IT solutions distributor with significant cybersecurity distribution business across Greater China and APAC. Comparable publicly-listed regional VAD with distribution plus services mix.
• M.Tech Products: Singapore-headquartered value-added distributor specializing in cybersecurity and network performance solutions across ASEAN. Closely comparable business model to Edvance's VAD franchise with similar regional channel-led GTM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/edvance-international

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Edvance International Holdings