| AlphaValue Corporate Services has been commissioned and paid for by the covered companies and is deemed to constitute an acceptable minor non-monetary benefit as defined in MiFID II. |
RESEARCH PUBLICATIONS
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COUNTRY | SECTOR | INDUSTRY | MARKET CAP. |
 Belgium |
Smart Cards-Security | IT Hardware | €24m | |
| DESCRIPTION | ||||
| Keyware, created in 1996 and listed since 2000, is an independent Network Service Provider operating almost entirely in Belgium. The company provides electronic payment solutions and associated transaction management. The group currently operates in three divisions: the terminal rentals/sales division, the authorisations/transactions division and the software division, and it is on the latter that Keyware has decided to refocus its strategy. In 2017, the company started its transformation from a hardware provider to a software developer, as the terminal payment division was declining. | ||||