Daekyo CNS Expands Into Network Security With Handreamnet Acquisition
IT DAILY ·
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Daekyo CNS said on the 22nd that it will expand its business into network security, starting with the acquisition of network security specialist Handreamnet.
Daekyo CNS will acquire Handreamnet in July and plans to create synergies by linking Handreamnet's technological and market experience with its existing businesses.
Handreamnet is a company that commercialized a switch-stage harmful traffic detection and blocking solution in 2007, and its customers are spread across 12 countries worldwide, including Japan, with about 40,000 client companies.
Daekyo CNS said on the 22nd that it will expand its business into network security, starting with the acquisition of network security specialist Handreamnet. Its existing core businesses were system integration (SI) and IT infrastructure, and it plans to broaden its related business scope through this acquisition.
Daekyo CNS will acquire Handreamnet in July and plans to create synergies by linking Handreamnet's technological and market experience with its existing businesses. To that end, it viewed Handreamnet's R&D capabilities, production capabilities, and its long-standing business experience in South Korea and overseas as key evaluation factors.
Handreamnet is a network security specialist that commercialized a switch-stage harmful traffic detection and blocking solution in 2007. Its flagship product is SubGATE, and its customers are spread across 12 countries worldwide, including Japan, with about 40,000 client companies.
After the acquisition, Daekyo CNS plans to leverage Daekyo CNS's server and IT infrastructure partner network and Handreamnet's customer base to pursue cross-selling of both companies' products. Through this, it aims to connect Handreamnet's technological and market experience with its existing businesses and create synergies by jointly proposing products while linking the two companies' customer bases.
The two companies plan to expand the scope of their collaboration from product sales to integrated business operations. Accordingly, they plan to jointly propose servers, networks, and security from the project design stage, and to establish a business framework that links design, build, maintenance, and operations management in addition to product supply.
Based on this cooperation structure, they plan to expand customer segments built on Handreamnet's strengths in the public sector in the medium to long term. The expansion target is the private sector, manufacturing, and OT. They also plan to advance AI-based threat detection and analysis technologies, security policy automation technologies, and technologies for responding to cloud environments.
A Daekyo CNS official said the synergy between the two companies starts with connecting each company's core businesses and customer base. The official added that the company aims to create new business opportunities by leveraging the customer and partner networks of both companies.
Source: IT DAILY · Kim Ho-jun
Original: https://www.itdaily.kr/news/articleView.html?idxno=241790
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Source: IT DAILY
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