SSR Acquires VADA Business Division From Jiransoft S&C
IT DAILY ·
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Jiransoft Group is pushing ahead with a selection-and-concentration strategy by reorganizing roles among its affiliates.
SSR has acquired the VADA business division, Jiransoft S&C’s IT infrastructure vulnerability assessment solution, while Jiransoft S&C will focus on IT solution distribution and sales.
Jiransoft S&C participated in a 5 billion KRW third-party allotment paid-in capital increase, and Jiransoft Security participated in a 2 billion KRW third-party allotment paid-in capital increase, with SSR securing growth investment resources on that basis.
Jiransoft Group is pushing ahead with a role reorganization aimed at dividing responsibilities among its affiliates to sharpen focus and expand business synergies. The adjustment is part of the group’s “selection and concentration” strategy, and as part of it, SSR has acquired the VADA business division, Jiransoft S&C’s IT infrastructure vulnerability assessment solution.
As a result, Jiransoft S&C will focus on IT solution distribution and sales capabilities, while SSR will strengthen its competitiveness in the CCE (information system security configuration vulnerability) business. Based on this acquisition, SSR will move to develop an integrated security diagnosis platform and bolster its security solution business capabilities. SSR CEO is Ko Pil-joo.
The business division acquisition was accompanied by affiliate investment. Jiransoft S&C reinvested 5 billion KRW, a large part of the consideration for transferring the VADA business division, by participating in SSR’s third-party allotment paid-in capital increase, and Jiransoft Security, SSR’s parent company, also took part in a 2 billion KRW third-party allotment paid-in capital increase on the same day. With the 7 billion KRW in paid-in capital increase funds and its own retained earnings, SSR secured resources for future growth investment.
The company expects the acquisition to strengthen SSR’s position in the CCE market, and said that, when existing SolidStep CCE market share and VADA business performance are taken into account, it can expand its share of the domestic CCE market to more than 70%. On that basis, the company plans to review additional M&A, focusing on synergies with existing businesses such as AI and cloud security.
Both sides have references across B2G and B2B, including public sector, finance, telecommunications, and general companies, and they plan to expand their customer base by combining their existing customer relationships and business experience. The company expects that leveraging these references will make it possible to expand new business opportunities and improve sales competitiveness. On the operational side, the two sides will gradually link their R&D, technical support, sales, and maintenance capabilities, and aim to shorten product enhancement cycles by sharing vulnerability assessment technologies, content, and specialized personnel. In addition, centered on the integrated solutions business division, they plan to reduce duplicate costs and improve operating efficiency, while also seeking economies of scale and better profitability.
Considering continuity in existing customer services, SSR plans not to immediately integrate SolidStep CCE and VADA into a single product, but to operate the two products in parallel for the time being and continue stable maintenance and technical support for existing customers. SSR also plans to accelerate the building of an AI-based integrated security diagnosis platform on the basis of its business restructuring and investment funding, and will review additional technology and company acquisitions in the AI and cloud security fields, while pursuing long-term growth into an integrated security diagnosis company that can compete with global security firms.
Source: IT DAILY · Kim Ho
Original: https://www.itdaily.kr/news/articleView.html?idxno=241110
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Source: IT DAILY
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