PRODUCTS & SERVICES

[ICTNEWS] – CMC Group is about to invest from Samsung SDS, aiming at the revenue of 1 billion USD

May 27, 2019

Samsung SDS and CMC have just signed an agreement on strategic investment. Accordingly, Samsung SDS will invest with CMC to develop business in key technology fields, proceeding to expand business to foreign markets.

Dr. Won-Pyo Hong, President and CEO of Samsung SDS, representing Samsung SDS, signed a strategic investment agreement with CMC Group.

Samsung SDS is a member company of Samsung Group (Korea) specializing in IT and logistics solutions, currently the No. 1 information technology company of Korea. As part of the strategy to expand business in Vietnam market, on May 25, 2019 in Hanoi, Samsung SDS signed a principle agreement on strategic investment with CMC Technology Group to enhance full cooperation. in all areas of strength of both sides. In the immediate future, Samsung SDS will join CMC in developing the following fields: smart factory solutions (Smart Factory), cloud computing (Cloud) and network security (Cyber ​​Security), in the future will exploit the fields Other such as Blockchain and Big Data analysis, promoting strong growth to expand the scope to Asia-Pacific market and global business development.

This strategic investment agreement confirms the trust of Samsung SDS with CMC and is a testament to the capacity of Vietnamese technology companies in the trend of globalization. CMC hopes that the strategic cooperation with Samsung SDS will help the group take a step closer to the strategic goal of achieving USD 1 billion in revenue in 2023. Currently, CMC Group focuses all resources on 3 main business units: Solution and Information Technology Division (Technology & Solution), International Business Division (Global Business), Telecommunication Service Division (Telecommunications). CMC’s goal is to become a global corporation, at the forefront of providing digital transformation services, providing digital services to the region and the world.

Previously, Samsung SDS and CMC began cooperation from 2016. In June 2018, Samsung SDS signed a strategic cooperation contract with CMC on deploying solutions to manage and operate the smart factory MES ( Manufacturing Execution System) for more than 200 Samsung suppliers in Vietnam. On the momentum of software cooperation, in 11/2018 during the visit and working of CMC delegation in Korea, Samsung has raised the issue of comprehensive strategic cooperation in two very potential businesses, Samsung. SDS ($ 8.2 billion in sales in 2017) and telecom services (Data Center, Cloud) – the sector is growing with sales of $ 2.2 billion. CMC Telecom is currently the only partner providing the entire international telecommunication channel to Samsung Group in Vietnam thanks to its quality service, fast processing speed and comprehensive back-up guarantee system capacity.

Representatives of Samsung SDS and CMC Technology Group at the signing ceremony.

Dr. Won Pyo Hong, President and CEO of Samsung SDS said at the signing ceremony: “By selecting CMC, we have ensured having a strategic partner to expand business in Vietnam. South and Southeast Asia. We will actively support digital Transformation for global customers based on the synergistic power generated by business cooperation between the two companies. ”

Mr. Nguyen Trung Chinh, CMC Chairman shared: “CMC Technology Group clearly defines the goal of providing world-class information and telecommunications products and services – world class”. This is confirmed when the world’s leading technology companies choose CMC as partners: AT&T, Oracle, SAP, Microsoft and now Samsung SDS. I am confident that the cooperation between Samsung SDS and CMC will bring great value in building a digital economy for Vietnam, Korea, reaching out to the Asia – Pacific and worldwide markets.
(Google translate)
Source: https://ictnews.vn/cntt/chuyen-doi-so/tap-doan-cmc-sap-nhan-dau-tu-tu-samsung-sds-nham-den-muc-tieu-doanh-thu-1-ty-usd-183179.ict