TScientific will merge its subsidiary NetCruise, a company specializing in security and infrastructure management, to enhance management efficiency and strengthen business competitiveness.
According to the electronic disclosure by the Financial Supervisory Service on the 22nd, TScientific plans to hold a merger approval board meeting on November 21 and complete the merger with NetCruise as of December 24.
TScientific owns 100% of NetCruise's shares, so the merger will be conducted as a non-capital increase merger without issuing new shares. Through this merger, TScientific aims to further solidify its position as a specialized IT security solution company.
NetCruise, established 24 years ago, provides integrated infrastructure management and integrated security management services, and possesses proprietary solutions capable of real-time detection and response.
Additionally, its big data-based key solutions have business achievements across various industries, ranging from general companies such as LGU+, KT, and Korean Air to finance, universities, hospitals, public sectors, and defense.
Yoo Seung-jae, CEO of TScientific, stated, “Through this merger, we will expand our AI-based IT security solution business and strengthen our position as a specialized IT security solution company,” adding, “By collaborating with professional development personnel, we plan to enhance the core technological competitiveness we possess and create continuous growth momentum and synergy in related business sectors.”
Meanwhile, TScientific is strengthening its portfolio as an AI-based IT security solution specialist by conducting joint projects for personal information protection enhancement and AI training data generation and machine learning projects through a business agreement with Bithumb last month.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
