On May 25, Samsung SDS agreed with Vietnamese IT service company CMC Corporation to make strategic investments that participate in major decision-making by investing in CMC shares.
Samsung SDS and CMC signed an agreement in June last year for joint projects in the smart factory and cyber security sectors, and the investment will build stronger strategic partnership ties.
As a strategic investor, Samsung SDS plans to continue its continued growth, sharing its business strategy and future vision with CMC management. CMC is a Vietnamese IT service company with about 3,000 employees and its major businesses include system integration (SI), software development, and operation of cloud and IT infrastructure.
Samsung SDS will actively target the Vietnamese market, which has recently emerged as an emerging manufacturing powerhouse by combining cutting-edge IT technologies such as artificial intelligence, big data analysis and IoT with CMC's local business network.
Samsung SDS is expected to create strong synergy in many areas, including smart factory, cloud and cybersecurity. It also plans to take advantage of CMC's excellent technical personnel to increase its global business competitiveness and make aggressive inroads into Southeast Asian and other overseas markets.
"The investment has secured a strategic partner for Vietnam and Southeast Asian businesses," Samsung SDS CEO Hong Won-pyo said. "We will actively support digital transmission of global customers by combining our close cooperation with CMC management and our capabilities."