| Provided by AhnLab
AhnLab acquires a company specializing in OT security solutions and strengthens its OT (Operational Technology) security capabilities.
AhnLab (CEO Seok-gyun Kang) signed a stock purchase agreement (SPA) to acquire Naonworks (CEO Jun-kyung Lee), a company specializing in OT security solutions, at AhnLab’s headquarters in Pangyo on the 28th.
With this contract, AhnLab will acquire a 60% stake in Naon Works. Even after completing the acquisition process, AhnLab will maintain the current management system of CEO Lee Joon-kyung and operate Naonworks as an independent subsidiary.
With this acquisition, AhnLab plans to further strengthen its technical expertise and business synergy in the OT security field by combining its accumulated integrated security capabilities with Naonworks’ OT security technology. To this end, AhnLab and Naonworks are conducting joint research and development in the OT security field, linking OT security specialized solutions and services, and carrying out joint OT security projects.
Naonworks, founded in July 2007, specializes in developing VoIP (Voice over Internet Protocol) security and OT security solutions. Starting with VoIP security, we have been developing solutions in the OT security field, including industrial control protocol one-way security gateways and industrial control system abnormal behavior detection, and engaged in related businesses. Currently, we have a number of production and infrastructure facilities as customers, including smart factories, data centers (IDCs), power plants, and hydrogen charging stations.
AhnLab CEO Kang Seok-gyun said, “Since last year, AhnLab has considered OT security as a challenge and has provided related solutions/consulting/security control, etc.” “By converging, we will demonstrate even more differentiated expertise in the OT field.”
Joon-kyung Lee, CEO of Naonworks, said, “We are happy to be working with AhnLab, Korea’s leading security company. We expect that the convergence of Naonworks’ OT security technology and AhnLab’s solutions will create synergy in the OT security area, leading to further growth for both companies.” He said.
AhnLab continues to invest and cooperate with companies in the information security field and is actively carrying out open innovation management. AhnLab strategically partnered with and invested in next-generation authentication startup ‘Waikiki Soft’ (February 2019), strategic alliance and investment in cloud security startup ‘Spiceware’ (July 2019), acquired AI information security startup ‘Jason’ (January 2020), and cloud security. We conducted strategic partnerships and investments in startups ‘Astron Security’ and ‘Tatum’ (January 2021). AhnLab plans to continue collaborating with promising technology-based companies in the future.
Source: Pangyo Techno Valley Official Newsroom
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