Samsung SDS said in a statement on Monday that it will make a strategic investment in CMC to strengthen their business partnership which was formed in June last year. Financial terms were not disclosed.
"Through the investment, we have secured a strategic partner to work together in Vietnam and Southeast Asia," Samsung SDS CEO Hong Won-pyo said. CMC specializes in software development, cloud computing and the operation of IT infrastructure. Samsung SDS plans to expand its internet of things (IoT), artificial intelligence, and big data business in the Southeast Asian market.
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