Initech (CEO Kim Chul-gyun), a leading ICT security company, has signed a distribution agreement in the securities sector with financial IT specialist Imsoltech (CEO Kim Dong-hee).
This agreement aims to strengthen its position in the financial security market by combining Initech's security technology with Imsoltech's securities firm sales network. Imsoltech currently serves approximately 30 securities and futures firms as clients, and over 80% of its technical staff are mid-level or higher-level specialists.
Through this distribution agreement, Imsoltech has exclusive rights to sell Initec's security solution portfolio to all domestic securities firms. The offering includes existing flagship solutions as well as new solutions such as the Zero Trust Platform and the Cloud Native Application Protection Platform (CNAPP).
The two companies plan to pursue a comprehensive collaboration, including technical support and joint marketing. Initech will provide Imsoltech with technical training, marketing materials, and test licenses free of charge, building a partner ecosystem. Initech will leverage Imsoltech's sales and technical capabilities to focus on acquiring new customers and driving revenue growth.
An Initech official stated that demand for next-generation security technologies such as Zero Trust and CNAPP is increasing in line with the transition to cloud computing in the financial sector and the changing security paradigm, and that the company will strengthen its leadership in the financial security market through its collaboration with Imsoltech.
Starting with this distribution agreement, Imsoltech plans to expand its business to other financial institutions, the public sector, and manufacturing, depending on future performance.
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