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Strategic investment contract signed between Samsung SDS, CMC.

M2 EQUITYBITES-August 2, 2019-Strategic investment contract signed between Samsung SDS, CMC

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South Korea's provider of IT - Samsung SDS and Vietnam's Top IT and Telecommunication company - CMC Corporation officially signed a strategic investment cooperation contract with CMC, the company said.

The investment contract is the comprehensive technology cooperation of Samsung SDS & CMC.

Samsung SDS representatives will join the board of directors of CMC, share business strategies and build mutual growth promotion programs. In cooperation with Samsung SDS, CMC will receive the benefits from the resonance in technology strength and market potential, further enhance Southeast Asia market. In return Samsung SDS will also improve its position in the Vietnamese market by integrating the latest technologies and solutions into CMC's business network.

Samsung SDS and CMC Corporation will cooperate to develop business in key technology fields including Smart Factory, Cloud, Security, Building Management System IoT, and Digital Signage. The two parties continue to develop business in Artificial Intelligence (AI), Blockchain and Big Data. In the business of Smart Factory, Samsung SDS and CMC will focus on Korean factories in Vietnam, then expand their deployment to Vietnamese companies.

Furthermore, Samsung SDS also plans to cooperate with CMC to make the company to become GDC Global Software Development and Maintenance Center in Southeast Asia market. CMC will act as the main partner in business operations in Asia and on the global scale of Samsung SDS.

CMC Corporation is the second largest ICT corporation in Vietnam with more than 26 years of establishment and development. CMC has affirmed its position in the market of Vietnam and many countries in the world through 3 core divisions: Technology & Solution, Global Business and Telecommunications. In Vietnam, CMC Corporation is known as a reliable and prestigious partner in medium and large ICT projects for Finance Banking, Public Administration, Taxation, Treasury, Customs, Insurance, Education and digital transformation service provider for enterprises.

Established in 1985, Samsung SDS, a member of Samsung (Korea), is a global IT services and solutions provider that Korea's IT industry. Samsung SDS has succeeded in development of famous technology products of smart factory, smart building and other 4.0 technology appliances.

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Publication:M2 EquityBites (EQB)
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Date:Aug 2, 2019
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