KT and Handysoft Sign MOU for Cloud Groupware
Both companies jointly identify new business models for cloud groupware and promote business activation

KT is setting out to discover new business models for cloud groupware targeting the public and enterprise markets.

KT (Chairman Hwang Chang-gyu) announced on the 19th that it has signed a Memorandum of Understanding (MOU) for business cooperation in cloud groupware with Handysoft (www.handysoft.co.kr), a leading domestic groupware company.

KT, the largest domestic cloud infrastructure service (IaaS: Infrastructure as a Service) company, has decided to jointly pursue a cloud groupware business targeting the public and corporate markets through a business partnership with Handysoft, a leading domestic software as a service (SaaS: Software as a Service) developer.

In addition, KT and Handysoft plan to develop cloud-based groupware as a service and jointly market it so that business functions such as electronic approval, email, internal bulletin boards, and schedule management can be used without restrictions on time or place, not only on computers but also in mobile environments.

Meanwhile, KT is taking the lead in creating a cloud ecosystem by signing cloud-related business partnerships with domestic and international companies, including Handysoft, Hancom, and SAS Korea. Moving forward, based on its competitive edge in cloud infrastructure, it plans to take the lead in establishing a mutually beneficial cooperative structure in the domestic ICT market through collaborations with domestic solution companies and startup incubation programs.

Handysoft CEO Lee Jin-soo said, “We have partnered with KT, the nation’s leading cloud infrastructure company, to achieve successful results not only in the public sector, where we are demonstrating the number one performance in domestic groupware services, but also in the financial and corporate sectors,” adding, “This year, we will lay an important foothold for expanding beyond the domestic market to overseas markets such as China and Southeast Asia.”

Lee Moon-hwan, Vice President and Head of KT’s Corporate Business Division, said, “2016 marks the time when cloud adoption in the corporate and public sectors begins in earnest, so forming a strategic alliance with Handysoft, a leader in the groupware field, is of great significance,” adding, “Going forward, we will strengthen cooperation with domestic and international solution companies based on the competitiveness of our cloud infrastructure to enter the global market.”