Artificial Intelligence
As Merger Nears, Tailwind Acquisition Corp. Highlights QOMPLX’s Strong Business Growth and Momentum
LOS ANGELES, July 12, 2021 (GLOBE NEWSWIRE) — In advance of the approaching July 20th shareholder meeting, Tailwind Acquisition Corp. (NYSE: TWND) (“Tailwind”), a special purpose acquisition company, is proud to highlight the robust growth achieved in 2021 by its business combination company QOMPLX, Inc. (“QOMPLX”). Since the original announcement on March 2, 2021, the global focus on cybersecurity has immensely accelerated given the increase in ransomware attacks, and QOMPLX has continued to execute well this year, with major accomplishments that include:
- Winning several large new contracts from premier customers (both new and existing), including the U.S. Navy, NASA, and leading global corporations including banks, insurers, logistics, and professional services firms
- Reliably defeating Microsoft’s Defender for Identity, Tenable.ad, and Crowdstrike’s Preempt identity solutions for long-term contracts in leading global corporations ─ including one of the world’s largest banks
- Announcing exceptional post-merger Directors including Chris Krebs, the former Director of the Cybersecurity and Infrastructure Security Agency in the U.S. Department of Homeland Security, who will play a key role in QOMPLX’s continued expansion defending against modern and critical cybersecurity threats
- Signing multiple new partnerships to expand offerings and extending product and data integrations with top technology companies that now include AWS, IBM, Splunk, Twitter, Slack, and Stripe
- Expanding its formidable product portfolio with additional SaaS analytics packages and gained more protected intellectual property in real-time analytics and cyber security, with 43 U.S. patents now allowed/issued and 112 more currently pending
Tailwind CEO, Chris Hollod noted that “QOMPLX continues to execute exceptionally well in an environment where the need for cybersecurity and data infrastructure solutions is more pronounced today than ever before. Jason continues to shine as an industry leader and the business results validate how their technology solutions are truly best in class for enterprise level needs.”
Continued rapid growth across the enterprise is emblematic of QOMPLX’s unique role in providing solutions to manage ever present long-term risks that are foundational to the modern global economy, including cybersecurity, insurance, and climate change. The underlying capabilities of the QOMPLX core data factory fuel cloud-native cybersecurity and risk analytics offerings with the ability to rapidly ingest, transform and contextualize data at scale, much faster than traditionally seen across the industry. QOMPLX’s ability to deliver exceptional technology with unique domain expertise as an integrated solution or standalone SaaS offering is fueling exceptional customer success and growth.
CEO Jason Crabtree stated that “QOMPLX continues to demonstrate that in addition to being the clear leader in Active Directory and identity security solutions for the largest, most capable and discerning customers, our team is demonstrating the power of combining exceptional domain expertise with our powerful cloud-native analytics core. We are building this business to address our clients’ most critical risks ─ QOMPLX’s growth is powered by real and growing revenues, revolutionary products and widely recognized expertise.”
1. Commercial and Federal Momentum Continues to Build
- Top 20 global bank by assets and one of the largest Microsoft E5 customers joins multiple other major E5 customers in selecting QOMPLX’s real-time identity security solutions over Microsoft Defender for Identity and 10 other competing vendors including CrowdStrike’s Preempt Identity and Tenable.ad as part of a multi-million-dollar and multi-year commercial agreement.
- Awarded 2 Full and Open multiple award contracts supporting the U.S. Navy enterprise information systems via our proposed pipeline acquisition Sentar, Inc. (“Sentar”). With a cumulative potential value of ~$100M, we will compete for task orders over the next 7 years (June 2028).
- Awarded the first completed task order to develop software for the U.S. Navy Battle Force Tactical Network in July.
- Awarded a 2-year contract in June to provide cybersecurity solutions for the Navy’s Joint Integrated Broadcast Service (IBS) Network Emulator (JINE) Project and the Maritime Integrated Broadcast Service (MIBS)
- In June, awarded an expansion of our existing secure systems engineering work supporting Navy ashore and afloat programs such as SHARKCAGE.
- Expanded client portfolio with an award of a NASA contract to provide cyber verification and validation services for ground systems used to support space exploration and science missions via Sentar.
- Awarded a new contract for secure software supporting the U.S. Air Force Ground-Based Strategic Deterrent program. Supporting the modernization of this component of the U.S. strategic nuclear deterrent triad via Sentar.
- One of the largest publicly traded software development firms in Latin America chose QOMPLX to secure its Microsoft Active Directory and identity environment ─ gaining instant visibility to their critical infrastructure risks and validating that every logon attempt by humans and computers on their network are real.
- After one of the largest global logistics and food distribution companies deployed QOMPLX solutions across its critical identity infrastructure in 2020, it has since expanded its use of QOMPLX’s technology to cover a new acquisition and engaged QOMPLX as a trusted partner to chart a quantitatively underpinned multi-year security roadmap for strategic transformation and integration across all security infrastructure.
- QOMPLX continues to build extensive international depth and momentum with major global enterprises, with significant customer acquisition advancements into international markets with lighthouse account progress in the LATAM, EMEA, and APAC regions. This includes multiple examples of large enterprise clients that are validating QOMPLX’s solutions against competitors in requests for proposal and follow-on bake-off testing. Recent late-stage opportunity progression with major global enterprise prospects include:
- One of the largest banks in Latin America, mirroring recent experience with other leading global financial institutions, selected QOMPLX as the Active Directory and identity security technology leader after extensive testing and validation ─ commercial negotiations ongoing.
- One of the largest Asian technology companies just narrowed down its prospective identity security providers to QOMPLX and one other vendor for a final competitive round of testing before final procurement actions.
- A global consumer brand for more than 100 years recently finished technical validation testing of QOMPLX’s identity security solution ─ validating technology outperformance against a number of competitors ─ now moving to final commercial terms negotiations.
- Top insurer and commercial bank selected QOMPLX to protect its identity and privilege access from the types of identity attacks reported in the news due to ransomware and data breach risks.
- Three different multi-billion-dollar SPAC transaction teams benefited from QOMPLX cyber diligence support, with additional mergers & acquisitions diligence completed for other major public and private enterprise customers.
- A leading UK asset manager joins multiple multi-billion-dollar U.S. assets managers in selecting QOMPLX to manage its cybersecurity risk ─ differentiated by market leading identity assurance capabilities.
- A leading Canadian cyber threat hunting firm integrates select proprietary QOMPLX cybersecurity data feeds to inform their own data enrichment threat hunting products and services.
- A California-based defense contractor chooses QOMPLX to improve cybersecurity visibility and defenses.
- Major East Coast law firm expanded its use of QOMPLX software to include managed capabilities after QOMPLX identified and mitigated major identity-related risks in just days while cutting overall cybersecurity costs through vendor consolidation.
- Due to exceptional client feedback from existing Latin American clients and prospects, a leading Latin American technology reseller partnered with QOMPLX to expand cybersecurity and analytics use cases in the region.
- Successfully secured funding from Microsoft, via our proposed pipeline acquisition of RPC-Tyche LLP (“Tyche”), to further optimize pipeline acquisition Tyche’s insurance analytics performance and SaaS deployment options on Azure. Simultaneously completed significant extensions of complementary simulation modeling tools for catastrophic and systemic risks within Q:OS.
- In the last quarter, three major international insurers have selected the Tyche Pricing System for pricing their General Insurance commercial lines book. This expands the insurance client base operating across Europe, North America and Asia writing all major classes of business.
- Another major global insurance player has passed into technical go-live with our Tyche Accumulation Management tool. This tool performs a vast number of calculations to provide insightful diagnostics of the client’s Catastrophe aggregate positions in rapid timeframes.
- A project has commenced with a leading UK insurer to replace their existing Internal Model with the Tyche Capital Model. This represents another significant endorsement of the business value provided by the Tyche Capital Model over the incumbent systems being phased out.
2. Partnerships
Integration Partnerships: QOMPLX has created a robust ecosystem of partners allowing customers a more holistic view of risk by integrating data across various enterprise tools such as ticketing systems, IT operations, compliance frameworks, credit scores and company risk score data, as well as enhancing partnering to enhance product offerings. Select partners include AWS, IBM QRadar, NxLog, Qualys, RSA Archer, Splunk, ServiceNow, Quest, Unified Compliance/Network Frontiers, FICO, OneShield, Buckhill C2MS, FICO, Twilio, Slack, and Stripe.
Reseller and Distribution Partnerships: In addition, QOMPLX has established partnerships with some of the leading cyber and insurance resellers and distribution partners creating a joint selling opportunity to bring QOMPLX customers and reseller customers a breadth of offerings across enterprise risk. Select partners across the combined business include PwC, EY, SSP, Acturis, Costero Brokers, Howden Reinsurance Brokers, Pro Global, Kroll, Bridge Security Advisors, NDP, Copper River, and Morgan Franklin Consulting.
Insurance Analytics, Data and Model Marketplace: To further expand the reseller and distribution partnerships, QOMPLX has partnered with leading insurance model vendors across multiple perils to offer a more robust set of models through the QOMPLX HELM insurance data and model marketplace with model vendors such as OasisLMF, COMBUS, Fathom, & CoreLogic being added to QOMPLX’s cloud-native offerings.
3. Leadership Additions of Top-Tier Executives and Directors
Board of Directors
QOMPLX has recruited and secured prodigious talent with deep domain experience in cybersecurity, data analytics, artificial intelligence, critical financial and energy infrastructure, insurance and finance risk, and human capital management to support business growth as QOMPLX transitions to public company operations. Directors, effective at the closing of the business combination, will include:
- William Foley, Executive Chairman of Cannae Holdings, Executive & Director of Fidelity National Financial for 32 Years, Chairman of Paysafe, Chairman of Dun & Bradstreet, and Owner of the Las Vegas Golden Knights NHL Franchise Through Black Knight Sports & Entertainment
- Chris Krebs, Former Director of the Cybersecurity & Infrastructure Security Agency, currently Co-Chair of the Aspen Digital Commission on Information Disorder
- Lisa Crutchfield, Former Executive Vice President of regulation and pricing for National Grid, Senior Vice President for Regulatory and External Affairs for PECO Energy Company, and Vice President of Energy Policy for Duke Energy
- Steven Guggenheimer, Former Corporate Vice President of Artificial Intelligence for Microsoft, currently Non-Executive Director at HSBC
- Anne Edwards, General Counsel and Chief Human Resources Officer for Luma Financial Technologies; 10+ Years Leading Human Resources for LON:DMG
General Counsel
As of July 2021, Carol DiBattiste will serve as QOMPLX’s General Counsel and lead legal, compliance, and people functions. She previously served as the Under Secretary of the U.S. Air Force, Department of Defense, where she led a $70 billion, 710,000 military and civilian department responsible for recruiting, training and education, and readiness, and earlier as Principal Deputy General Counsel for the U.S. Navy. In the private sector, Ms. DiBattiste has served in five public companies in senior legal roles around privacy, security, compliance, and litigation, including Comscore, Geeknet, ChoicePoint, Reed Elsevier/LexisNexis and Education Management Corporation.
Government Solutions
In Q1 2021, Vincent Mihalik joined as Vice President of ICS & Cyber Consultancy for Sentar Government and brings deep Industrial Control System cybersecurity expertise in both public and private sectors, fueling expanded our Operational Technology (OT) cybersecurity go-to-market strategy.
In Q1 2021, Manny Lovgren joined as Vice President of Navy and Marine Corps for Sentar Government and brings experience with the Navy and USMC to accelerate market share expansion with those clients, leveraging the momentum we have already established.
4. Robust and Rapidly Growing Intellectual Property
QOMPLX continues to rapidly add to its robust catalogue of patents issued by the U.S. Patent and Trademark Office ─ with 6 new issuances in the past 60 days, and 3 in the last 14 days alone. This robust catalogue of intellectual property covering analytics infrastructure and applications in cybersecurity and risk management underscores the superlative domain experience and deeply differentiated technology core that QOMPLX offers to its customers.
New patent issuances underscore real-time cyber risk scoring and catastrophic breach detection capabilities – core to addressing pressing cybersecurity and cyber insurance challenges exemplified by major ransomware and espionage events over the past year. Highlights of QOMPLX’s expanding intellectual property assets include:
- Strong Existing Catalogue: 43 ALLOWED / ISSUED patents with priority dating as far back as 2015
- Robust Pipeline Ahead: 112 PENDING patents currently on file with the USPTO
5. Powerful New Product Offerings and Extensions
- Added a robust expansion of Q:CYBER Privilege Assurance: “Graph View”. It empowers customers to more quickly see and predict specific weaknesses in their cybersecurity posture, showing defenders the attack paths and misconfigurations that ransomware gangs, hostile nations, or other malign actors might take during an intrusion. Privilege Assurance with Graph View helps customers cut the time to see attack paths from days to minutes, making disastrous lateral movement attacks like the SolarWinds and Kaseya breaches far less likely to be undetected.
- Announced “TimeEngine”, a multidimensional database and analytics engine for ingesting, storing, and modeling time series data. TimeEngine makes it easy for customers to better understand their data even when collecting and operating at billions of data events per day. TimeEngine has multiple applications that include tracking vehicles and shipping containers; examining how corporate offices may be impacted by winds or floods; understanding climate change by tracking changing animal migrations; and risks from proximity to potential terrorism targets. TimeEngine also powers and complements key temporal and behavioral analysis capabilities in QOMPLX cyber solutions.
- Announced the general availability of “Scratchpads”, a new and robust built-in data analysis tool that allows customers to better harness the power of their data. It allows QOMPLX customers in sectors including banking, insurance, legal services, and beyond to seamlessly carry out advanced analytics, gaining the insights they need to keep pace with the rapidly increasing risks and enormous volumes of data that today’s organizations must swiftly manage. Users can mine their data for valuable insights across multiple timescales, specific geolocations, and much more.
- Successfully integrated and operationalized its HyperionGray acquisition, completed in January 2021, which included unique Internet-scale web vulnerability scanning technology and data, a global cyber attack sensor service, and some of the most comprehensive breach database records available ─ all as part of QOMPLX’s external attack surface, breach, and risk exposure monitoring offerings.
- In 2021, significant releases to the Q:OS Data and Analytics offering (DnA), which allows users to ingest, create, manage, and search datasets to discover insights independently. The key updates support incredibly advanced data fusion use cases for clients across general purpose enterprise analytics while also enhancing core cyber and insurance solutions.
- Additionally, Connector, an increasingly integral piece of the Q:OS experience, continues to add to its dozens of data ingest and publication plugins and capabilities – recent additions include collecting log information from Microsoft Office 365 products and APIs and for use in custom analytics and in Q:Cyber built-in features.
6. Media Coverage and Recognition
QOMPLX CEO Jason Crabtree is a widely recognized expert on cybersecurity, data, and risk management. Jason and QOMPLX been featured on over 40 mainstream media engagements in the first half of 2021 alone, including major outlets such as:
- Featured on CBS This Morning providing expert analysis on the REvil ransomware attack
- Featured on CNN, Fox News, NBC, ABC, Black News Channel, Rural TV & Univision providing expert analysis on the JBS ransomware attack
- Featured on DW News (Germany) to discuss the Biden Administration’s options to combat Russia-based cyber criminal affiliate networks
- Featured on Associated Press TV to analyze unplanned and widespread internet outages and the effects on the U.S. economy and average citizen
- Interviewed in Yahoo Finance on SolarWinds and the biggest challenges in cybersecurity
- Interviewed in CNBC to analyze security and privacy concerns around Chinese technology applications and cybersecurity policies impacting U.S. consumers and businesses
- Interviewed in The New Yorker exploring the controversial use of cyber offensive measures by organizations that have been the victim of sophisticated, nation-backed cyber adversaries
- Quoted in Axios providing expert commentary on the Colonial Pipeline ransomware attack
7. Awards
In 2021, QOMPLX and its pipeline acquisitions were proud to receive awards and recognition from Ernst and Young, a leading global professional services firm, and Cyber Defense Magazine (CDM), a leading information security publication. These awards further demonstrates that QOMPLX’s technology solutions are at the leading edge of where the industry is headed long-term. The specific awards are:
- Ernst and Young – Entrepreneur of the Year Award (Mid-Atlantic Finalist)
- Awarded to QOMPLX CEO Jason Crabtree- Winners to be announced in August
- Global Info Sec/Cyber Defense Magazine Winners in Two Categories
- “Next-Gen in Critical Infrastructure Protection”
- “Most Innovative in Identity & Access Management”
- Three FedHealthIT Innovation Awards in 2021 for Sentar cybersecurity solutions supporting the Defense Health Agency (DHA) continuing its success of six awards over the past four years by improving security for 8 million patients:
- Medical Community of Interest (Med-COI) Transition Risk Assessment Process (MTRAP)
- Enterprise Intelligence and Data Solutions Cyber Team
- Cyber Operations Center (CyOC).
About Tailwind Acquisition Corp.
Tailwind is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. For more information, please visit https://twnd.tailwindacquisition.com
About QOMPLX
QOMPLX helps organizations make intelligent business decisions and better manage risk through its advanced, proprietary risk cloud. QOMPLX is the leader at rapidly ingesting, transforming, and contextualizing large, complex, and disparate data sources through our cloud-native data factory in order to help organizations better quantify, model, and predict risk. QOMPLX’s specialized experts and technology solutions in cybersecurity, insurance, and finance power leading global corporations and mission critical public sector agencies. For more information, visit qomplx.com and follow @QOMPLX on Twitter.
CONTACT:
Max Lifton, Moxie Communications Group
[email protected]
James Faeh, Director of Corporate Communications
[email protected]
Randy Scherago, Investor Relations Manager
[email protected]
DISCLAIMERS:
Additional Information
In connection with the transactions contemplated by the Business Combination Agreement, dated March 1, 2021 (the “Business Combination Agreement”), by and among Tailwind , Compass Merger Sub, Inc., QOMPLX and Rationem, LLC, in its capacity as the representative of the stockholders of QOMPLX (such transactions, the “Business Combination”), Tailwind has filed a Registration Statement on Form S-4 (the “Registration Statement”), which includes a definitive proxy statement/prospectus, with the U.S. Securities and Exchange Commission (“SEC”). Tailwind has mailed the definitive proxy statement/prospectus and other relevant documents to its stockholders. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that Tailwind has sent or will send to its stockholders in connection with the Business Combination. Investors and security holders of Tailwind are advised to read the proxy statement/prospectus in connection with the special meeting to be held to approve the Business Combination (and related matters) because the proxy statement/prospectus contains important information about the Business Combination and the parties to the Business Combination. The proxy statement/prospectus was mailed to stockholders of Tailwind as of June 2, 2021, the record date established for voting on the Business Combination. Stockholders will also be able to obtain copies of the proxy statement/prospectus, without charge at the SEC’s website at www.sec.gov or by directing a request to: 1545 Courtney Avenue, Los Angeles, California 90046.
Participants in the Solicitation
Tailwind, QOMPLX and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Tailwind’s stockholders in connection with the Business Combination. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of Tailwind’s directors and officers in Tailwind’s filings with the SEC, including the Registration Statement filed with the SEC by Tailwind, including the definitive proxy statement/prospectus filed with the SEC by Tailwind on June 25, 2021, relating to the Business Combination. The names and interests of QOMPLX’s directors and executive officers are also in the definitive proxy statement/prospectus filed with the SEC by Tailwind.
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Forward Looking Statements
Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events, the Business Combination between Tailwind and QOMPLX, the estimated or anticipated future results and benefits of the combined company following the Business Combination, including the likelihood and ability of the parties to successfully consummate the Business Combination, future opportunities for the combined company, and other statements that are not historical facts. These statements are based on the current expectations of Tailwind’s and QOMPLX’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Tailwind and QOMPLX. These statements are subject to a number of risks and uncertainties regarding Tailwind’s businesses and the Business Combination, and actual results may differ materially. QOMPLX’s pipeline acquisitions are expected to close substantially concurrently with the business combination. These risks and uncertainties include, but are not limited to, general economic, political and business conditions generally and competitive factors impacting the businesses of any of Tailwind, QOMPLX, Sentar and Tyche; the inability of the parties to consummate the Business Combination or the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the inability of QOMPLX to consummate the acquisition of either of Sentar or Tyche by QOMPLX or the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement for the acquisition of Sentar or Tyche by QOMPLX; the outcome of any legal proceedings that may be instituted against the parties following the announcement of the Business Combination; the receipt of an unsolicited offer from another party for an alternative business transaction that could interfere with the Business Combination; the risk that the approval of the stockholders of Tailwind or QOMPLX for the potential transaction is not obtained; failure to realize the anticipated benefits of the Business Combination, including as a result of a delay in consummating the potential transaction or difficulty in integrating the businesses of Tailwind, QOMPLX, Sentar and Tyche; the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination; the ability of the combined company to grow and manage growth profitably and retain its key employees; the amount of redemption requests made by Tailwind’s stockholders; the inability to obtain or maintain the listing of the post-acquisition company’s securities on the New York Stock Exchange following the Business Combination; costs related to the Business Combination; inaccuracies for any reason in the estimates of expenses and profitability and the projected financial information (including on a pro forma basis giving effect to the acquisitions of Hyperion Gray, LLC, Sentar and Tyche) for QOMPLX; and other risks and uncertainties, including those included under the header “Risk Factors” in the definitive proxy statement/prospectus filed with the SEC by Tailwind and those included under the header “Risk Factors” in Tailwind’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2020. There may be additional risks that are presently unknown or believed to be immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements provide Tailwind’s and QOMPLX’s expectations, plans or forecasts of future events and views as of the date of this communication. Tailwind and QOMPLX anticipate that subsequent events and developments will cause these assessments to change. However, while Tailwind and QOMPLX may elect to update these forward-looking statements at some point in the future, Tailwind and QOMPLX specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Tailwind’s or QOMPLX’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Artificial Intelligence
IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform
$6.4 billion acquisition adds suite of leading hybrid and multi-cloud lifecycle management products to help clients grappling with today’s AI-driven application growth and complexity
HashiCorp’s capabilities to drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting
As a part of IBM, HashiCorp is expected to accelerate innovation and enhance its go-to-market, growth and monetization initiatives
Transaction expected to be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two
ARMONK, N.Y. and SAN FRANCISCO, April 24, 2024 /PRNewswire/ — IBM (NYSE: IBM) and HashiCorp Inc. (NASDAQ: HCP), a leading multi-cloud infrastructure automation company, today announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. Today’s announcement is a continuation of IBM’s deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.
“Enterprise clients are wrestling with an unprecedented expansion in infrastructure and applications across public and private clouds, as well as on-prem environments. The global excitement surrounding generative AI has exacerbated these challenges and CIOs and developers are up against dramatic complexity in their tech strategies,” said Arvind Krishna, IBM chairman and chief executive officer. “HashiCorp has a proven track record of enabling clients to manage the complexity of today’s infrastructure and application sprawl. Combining IBM’s portfolio and expertise with HashiCorp’s capabilities and talent will create a comprehensive hybrid cloud platform designed for the AI era.”
The rise of cloud-native workloads and associated applications is driving a radical expansion in the number of cloud workloads enterprises are managing. In addition, generative AI deployment continues to grow alongside traditional workloads. As a result, developers are working with increasingly heterogeneous, dynamic, and complex infrastructure strategies. This represents a massive challenge for technology professionals.
HashiCorp’s capabilities enable enterprises to use automation to deliver lifecycle management for infrastructure and security, providing a system of record for the critical workflows needed for hybrid and multi-cloud environments. HashiCorp’s Terraform is the industry standard for infrastructure provisioning in these environments. HashiCorp’s offerings help clients take a cloud-agnostic, and highly interoperable approach to multi-cloud management, and complement IBM’s commitment to industry collaboration (including deep and expanding partnerships with hyperscale cloud service providers), developer communities, and open-source hybrid cloud and AI innovation.
“Our strategy at its core is about enabling companies to innovate in the cloud, while providing a consistent approach to managing cloud at scale. The need for effective management and automation is critical with the rise of multi-cloud and hybrid cloud, which is being accelerated by today’s AI revolution,” said Armon Dadgar, HashiCorp co-founder and chief technology officer. “I’m incredibly excited by today’s news and to be joining IBM to accelerate HashiCorp’s mission and expand access to our products to an even broader set of developers and enterprises.”
“Today is an exciting day for our dedicated teams across the world as well as the developer communities we serve,” said Dave McJannet, HashiCorp chief executive officer. “IBM’s leadership in hybrid cloud along with its rich history of innovation, make it the ideal home for HashiCorp as we enter the next phase of our growth journey. I’m proud of the work we’ve done as a standalone company, I am excited to be able to help our customers further, and I look forward to the future of HashiCorp as part of IBM.”
Transaction Rationale
Strong Strategic Fit – The acquisition of HashiCorp by IBM creates a comprehensive end-to-end hybrid cloud platform built for AI-driven complexity. The combination of each company’s portfolio and talent will deliver clients extensive application, infrastructure and security lifecycle management capabilitiesAccelerates growth in key focus areas – Upon close, HashiCorp is expected to drive significant synergies for IBM, including across multiple strategic growth areas like Red Hat, watsonx, data security, IT automation and Consulting. For example, the powerful combination of Red Hat’s Ansible Automation Platform’s configuration management and Terraform’s automation will simplify provisioning and configuration of applications across hybrid cloud environments. The two companies also anticipate an acceleration of HashiCorp’s growth initiatives by leveraging IBM’s world-class go-to-market strategy, scale, and reach, operating in more than 175 countries across the globeExpands Total Addressable Market (TAM) – The acquisition will create the opportunity to deliver more comprehensive hybrid and multi-cloud offerings to enterprise clients. HashiCorp’s offerings, combined with IBM and Red Hat, will give clients a platform to automate the deployment and orchestration of workloads across evolving infrastructure including hyperscale cloud service providers, private clouds and on-prem environments. This will enhance IBM’s ability to address the total cloud opportunity, which according to IDC had a TAM of $1.1 trillion in 2023, with a compound annual growth rate in the high teens through 2027.1Attractive Financial Opportunity – The transaction will accelerate IBM’s growth profile over time driven by go-to-market and product synergies. This growth combined with operating efficiencies, is expected to achieve substantial near-term margin expansion for the acquired business. It is anticipated that the transaction will be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two.HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks and Vodafone. HashiCorp’s offerings have widescale adoption in the developer community and are used by 85% of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp’s FY2024 and include:
Terraform – provides organizations with a single workflow to provision their cloud, private datacenter, and SaaS infrastructure and continuously manage infrastructure throughout its lifecycleVault – provides organizations with identity-based security to automatically authenticate and authorize access to secrets and other sensitive dataAdditional products – Boundary for secure remote access; Consul for service-based networking; Nomad for workload orchestration; Packer for building and managing images as code; and Waypoint internal developer platformTransaction Details
Under the terms of the agreement, IBM will acquire HashiCorp for $35 per share in cash, or $6.4 billion enterprise value, net of cash. HashiCorp will be acquired with available cash on hand.
The boards of directors of IBM and HashiCorp have both approved the transaction. The acquisition is subject to approval by HashiCorp shareholders, regulatory approvals and other customary closing conditions.
The Company’s largest shareholders and investors, who collectively hold approximately 43% of the voting power of HashiCorp’s outstanding common stock, entered into a voting agreement with IBM pursuant to which each has agreed to vote all of their common shares in favor of the transaction and against any alternative transactions.
The transaction is expected to close by the end of 2024.
____________________1 The total cloud opportunity is the sum of the cloud-directed spends across Hardware, IT services and SW for Private and Public cloud implementation, sourced from IDC’s Worldwide Black Book Live Edition, March 2024 (V1 2024)
Conference Call Details
IBM’s regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. ET, today. The Webcast may be accessed here. Presentation charts will be available shortly before the Webcast.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
About HashiCorp
HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastructure Cloud on the HashiCorp Cloud Platform (HCP) for managed cloud services, as well as self-hosted enterprise offerings and community source-available products. The company is headquartered in San Francisco, California. For more information, visit HashiCorp.com.
Press Contacts:
IBM:Tim Davidson, [email protected]
HashiCorp:Matthew Sherman / Jed Repko / Haley Salas / Joycelyn BarnettJoele Frank, Wilkinson Brimmer Katcher212-355-4449
Additional Information and Where to Find It
HashiCorp, Inc. (“HashiCorp”), the members of HashiCorp’s board of directors and certain of HashiCorp’s executive officers are participants in the solicitation of proxies from stockholders in connection with the pending acquisition of HashiCorp (the “Transaction”). HashiCorp plans to file a proxy statement (the “Transaction Proxy Statement”) with the Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies to approve the Transaction. David McJannet, Armon Dadgar, Susan St. Ledger, Todd Ford, David Henshall, Glenn Solomon and Sigal Zarmi, all of whom are members of HashiCorp’s board of directors, and Navam Welihinda, HashiCorp’s chief financial officer, are participants in HashiCorp’s solicitation. Information regarding such participants, including their direct or indirect interests, by security holdings or otherwise, will be included in the Transaction Proxy Statement and other relevant documents to be filed with the SEC in connection with the Transaction. Additional information about such participants is available under the captions “Board of Directors and Corporate Governance,” “Executive Officers” and “Security Ownership of Certain Beneficial Owners and Management” in HashiCorp’s definitive proxy statement in connection with its 2023 Annual Meeting of Stockholders (the “2023 Proxy Statement”), which was filed with the SEC on May 17, 2023 (and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000114036123025250/ny20008192x1_def14a.htm). To the extent that holdings of HashiCorp’s securities have changed since the amounts printed in the 2023 Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC (which are available at https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001720671&type=&dateb=&owner=only&count=40&search_text=). Information regarding HashiCorp’s transactions with related persons is set forth under the caption “Related Person Transactions” in the 2023 Proxy Statement. Certain illustrative information regarding the payments to that may be owed, and the circumstances in which they may be owed, to HashiCorp’s named executive officers in a change of control of HashiCorp is set forth under the caption “Executive Compensation—Potential Payments upon Termination or Change in Control” in the 2023 Proxy Statement. With respect to Ms. St. Ledger, certain of such illustrative information is contained in the Current Report on Form 8-K filed with the SEC on June 7, 2023 (and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000162828023021270/hcp-20230607.htm). Promptly after filing the definitive Transaction Proxy Statement with the SEC, HashiCorp will mail the definitive Transaction Proxy Statement and a WHITE proxy card to each stockholder entitled to vote at the special meeting to consider the Transaction. STOCKHOLDERS ARE URGED TO READ THE TRANSACTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT HASHICORP WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain, free of charge, the preliminary and definitive versions of the Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by HashiCorp with the SEC in connection with the Transaction at the SEC’s website (http://www.sec.gov). Copies of HashiCorp’s definitive Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by HashiCorp with the SEC in connection with the Transaction will also be available, free of charge, at HashiCorp’s investor relations website (https://ir.hashicorp.com/), or by emailing HashiCorp’s investor relations department ([email protected]).
Forward-Looking Statements
Certain statements contained in this communication may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially.
Statements in this communication regarding IBM and HashiCorp that are forward-looking may include statements regarding: (i) the Transaction; (ii) the expected timing of the closing of the Transaction; (iii) considerations taken into account in approving and entering into the Transaction; (iv) the anticipated benefits to, or impact of, the Transaction on IBM’s and HashiCorp’s businesses; and (v) expectations for IBM and HashiCorp following the closing of the Transaction. There can be no assurance that the Transaction will be consummated.
Risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, in addition to those identified above, include: (i) the possibility that the conditions to the closing of the Transaction are not satisfied, including the risk that required approvals from HashiCorp’s stockholders for the Transaction or required regulatory approvals to consummate the Transaction are not obtained, on a timely basis or at all; (ii) the occurrence of any event, change or other circumstance that could give rise to a right to terminate the Transaction, including in circumstances requiring HashiCorp to pay a termination fee; (iii) possible disruption related to the Transaction to IBM’s and HashiCorp’s current plans, operations and business relationships, including through the loss of customers and employees; (iv) the amount of the costs, fees, expenses and other charges incurred by IBM and HashiCorp related to the Transaction; (v) the risk that IBM’s or HashiCorp’s stock price may fluctuate during the pendency of the Transaction and may decline if the Transaction is not completed; (vi) the diversion of IBM and HashiCorp management’s time and attention from ongoing business operations and opportunities; (vii) the response of competitors and other market participants to the Transaction; (viii) potential litigation relating to the Transaction; (ix) uncertainty as to timing of completion of the Transaction and the ability of each party to consummate the Transaction; and (x) other risks and uncertainties detailed in the periodic reports that IBM and HashiCorp filed with the SEC, including IBM’s and HashiCorp’s respective Annual Reports on Form 10-K. All forward-looking statements in this communication are based on information available to IBM and HashiCorp as of the date of this communication, and, except as required by law, IBM and HashiCorp do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
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Artificial Intelligence
Businessabc.net, part of Ztudium group partners with IEBF to offer GenerativeAI tools for SMEs, Adds Dilip Pungliya to Leadership
LONDON and NEW DELHI, April 24, 2024 /PRNewswire/ — Businessabc.net part of ztudium group partners with Indo-European Business Forum IEBF and signed an MOU to collaborate in building tech AI-powered tools and trade corridors and technological solutions for businesses in India, UK, and Europe.
Businessabc.net is a global business abc AI, digital certification search engine, and directory marketplace that offers a fresh approach to business insights, and analytics and makes it accessible to every company, and employee, empowering knowledge-sharing and strategic insights across every level for businesses worldwide. Businessabc offers a digital hub marketplace to empower SMEs and businesses of all types with B2B, B2C, and AI-powered tools, that give them access to strategies, and insights and connect them with chambers of commerce, trade corridors, digital supply chains, provenance tools, and multi-store e-commerce solutions. The Indo-European Business Forum – IEBF is an independent, impartial organisation promoting two-way flows of trade, and investment in India, the UK, and EU member countries.
Businessabc.net owned by ztudium announces this strategic partnership with the IEBF and announces Dilip Pungliya as a new partner and Board Member to lead these endeavours. In this role, Mr. Pungliya, a tech, business, and data scientist executive will bring his extensive expertise in business strategy and digital transformation to lead key initiatives within the organisation.
The growth of Generative AI among Small and Medium Enterprises (SMEs) worldwide has been steadily gaining momentum, and in India, the UK, and Europe a burgeoning tech ecosystem is growing awareness of the transformative potential of artificial intelligence.
IEBF and Businessabc.net join forces to expand the platform with new indexes powered by Generative AI to enhance efficiency, streamline operations, and give companies a competitive edge in the market. Factors such as the availability of cost-effective AI solutions, the skilled workforce, and a global need to push towards digitalisation have contributed to the adoption of Generative AI technologies. GenAI tools and tech solutions are critical to unlocking new value for businesses and becoming the most important tools for organisations of all sizes. AI revolution through platforms such as businessabc.net semantic and GenAI search, indexes, and chatbots, can solve business problems and offer leaders integrated solutions for their growth.
IEBF has been collaborating with Governments in India, UK, and Europe,. Their contribution includes events in the UK House of Lords, Indian governmental organisations, and research and education initiatives for businesses. Created by Mr. Vijay Goel and Mr. Sunil Kumar Gupta the founders, responsibles for the organisation said about this: “We are excited to work and enhance business solutions between IEBF and Businessabc.net, part of Ztudium group. All businesses need to be aware, educated, and prepared for this new AI and digital growth tools world. Data from India’s Ministry of Electronics and Information Technology (MeitY) reports that GenAI is expected to add USD 450–500 billion to India’s GDP by 2025 – 10% of the country’s USD 5 trillion GDP target. We expect to work together to empower businesses in India, the UK, and Europe joining forces with Businessabc.net to organise strategic trade corridors, events, and Indexes.”
Dinis Guarda, Founder of Ztudium / Businessabc.net, a business top thought leader, author, and Youtuber said about the partnership: “We are thrilled to work with IEBF to expand the businessabc.net solutions to India, UK, and Europe businesses and welcome Dilip Punglyia to support, lead this partnership and Ztudium group. Together we will offer cutting-edge simple tools that use genAI in business and finance. In the financial sector alone GenAI is expected to increase global gross domestic product (GDP) by 7%—nearly $7 trillion—and boost productivity growth by 1.5%, according to Goldman Sachs Research.”
Dilip Pungliya, a seasoned tech, digital, and business strategy leader with more than twenty five years of experience creating data-driven solutions will be at the forefront of this partnership. Mr. Dilip Pungliya said about this: “I’m thrilled to join businessabc.net and Ztudium leadership team and contribute to the growth of the partnership with the IEBF and its holistic company’s mission of driving innovation and digital transformation through cutting-edge technologies like AI, fintech, Web 3.0, Metaverse, and Blockchain. This partnership will allow us to create a digital ID, new AI data-driven generative tools, and scale growth for businesses in India, UK, and Europe, and Dilip’s wealth of experience and strategic vision will be invaluable as we continue to drive innovation and empower businesses with transformative technologies.”
About the Indo-European Business Forum
IEBF is an independent, impartial body actively promoting two-way flows of trade, and investment in India and EU member countries. Indo European Business Forum is an open forum comprising like-minded people who believe that “India can offer strong and sustained business opportunities for European Union countries”. IEBF is patronised by leading personalities from both India and the EU having excellence in the fields of business, finance, real estate, and art, to name a few. Our advisory board consists of people who are determined to create a progressive world.
About the Businessabc.net,
Founded in August 2011 by Dinis Guarda, who was joined by Sonesh Sira as board and partner some years after businessabc.net part of Ztudium group has been creating Digital Transformation, and AI tools and being recognised as one of the top global thought leaders organisations by organisations like Thinkers360.com. The company has been working and advising Fortune 500 companies and governments and offers technology products and platforms. Some of its offers are citiesabc.com, fashionsabc.com, sportsabc.org. It also manages a media division with intelligenthq.com, tradersdna.com, hedgethink.com, and services that integrate a wide range of 4IR, AI, 3D, web 3.0, and blockchain technologies solutions such as Metaverseabc. tech, MStores.shopping, iDNA.technology, and AI.DNA. The platform unveiled recently its Top 10,000 Public Companies Market Cap Index, which lists tech giants like Apple, Microsoft, Google, Alphabet, Nvidia, and Meta, and LVMH, IBM, and JPMorgan Chase & Co., from other industries at the top.
About Ztudium: The maker of 4IR, AI, Web 3.0, and Smart Cities technologies
Ztudium is a UK-based global maker of leading proprietary intellectual property and technologies that integrate Fourth Industrial Revolution (4IR) technologies. The company creates technology products, platforms, media, and services that integrate fintech, smart cities, Web 3.0, AI, Metaverse, and Blockchain. Ztudium collaborates with multiple governments, organisations, educational institutions, and business networks worldwide.
For media inquiries, please contact:
Media Contact Name: Manan KothariEmail Address: [email protected] Number: +44 7833881659
Company Name: Businessabc / ZtudiumCompany Address: 85, Great portland street, London W1W7LTWebsite URL: www.businessabc.net, www.ztudium.com
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Artificial Intelligence
South Korea Data Center Market to Witness Investment of $7.22 Billion by 2029 – Get Insights on 35 Existing Data Centers and 19 Upcoming Facilities across South Korea
CHICAGO, April 24, 2024 /PRNewswire/ — According to Arizton’s latest research report, the South Korea data center market is growing at a CAGR of 8.43% during 2023-2029.
To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
South Korea Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 7.22 Billion (2029)
Market Size (Area)
688 thousand sq. Feet (2029)
Market Size (Power Capacity)
143 MW (2029)
CAGR Investment (2023-2029)
8.43 %
Colocation Market Size (Revenue)
USD 1.42 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
South Korea is becoming a resilient data center market, propelled by a strategy prioritizing cloud service, a conducive business climate, and a well-established regulatory framework. Moreover, South Korea is a prominent Southeast Asian market, with investment opportunities driven by Artificial Intelligence and Renewable Energy initiatives. Major investments from local and international data center providers position the country as a pivotal player in the Asia-Pacific (APAC) digital infrastructure landscape.
Recently, South Korea has seen the development of smart cities such as Seoul, Incheon, Busan, and Daejeon. These cities implemented various smart solutions, including the Integrated Public Transportation Fare System, Demand-Responsive Transportation (DRT), Smart Grid, Smart Waste Management System, and numerous others.
Investment Opportunities in South Korea
In October 2023, LGU+ announced the completion of their second facility, Pyeoungchon 2 Center, in South Korea.In September 2023, Kakao announced the completion of their data center facility in Ansan, Gyeonggi, South Korea.In September 2023, SK Ecoplant announced plans to develop a data center campus facility in Pohang, South Korea.In August 2023, the South Korean government announced plans to develop a 1GW data center campus in the Southwest of South Korea.In June 2023, Empyrion DC commenced constructing its first data center facility in the Gangnam area of Seoul, South Korea.Market Trends
The South Korean government has committed to overturning the earlier policy by the administration of phasing out nuclear energy—the previous approach aimed to reduce the number of operational nuclear plants to 17 by 2034.South Korea plans to reduce its dependence on coal-fired power generation to 19.7% by 2030 and further down to 14.4% by 2036. Additionally, the country aims to decrease its reliance on gas-fired generation to 22.9% by 2030 and 9.3% by 2036.KOEN, formerly Korea South-East Power (KOSEP), generates renewable power from photovoltaic – 36 MW, hydro – 18.6 MW, fuel cells – 51.9 MW, wind – 58.4 MW, and biomass – 325 MW.Korea Western Power owns and operates around 17 solar power plants with a total capacity of around 43 MW. The Taean Small Hydro Power plant generates 2.2 MW, and the Hwasun Wind Power plant produces around 16 MW. In addition, the company generates around 39 MW of power capacity through fuel cells, generating around 35 MW of power through biomass.Significant Growth in Cloud, Mission Critical, and High-Performance Infrastructure to Increase OCP and Arm-based Server Adoption Booming the Market Growth
The expansion of hyperscale data centers will likely increase the demand for arm-based servers and promote the procurement of high-performance infrastructure solutions and OCP infrastructure solutions. South Korea-based cloud service provider Douzone Bizon adopted Intel Xeon Scalable Processor solutions to decrease the total cost of ownership for managing blade servers.
Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and South Korea colocation market revenue.An assessment of the data center investment in South Korea by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing South Korea data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in South KoreaFacilities Covered (Existing): 35Facilities Identified (Upcoming): 19Coverage: 12+ CitiesExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in South KoreaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe South Korea data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
Post-Purchase Benefit
1hr of free analyst discussion10% off on customization The Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsTransfer Switches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersEconomizers & Evaporative CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IVGeographySeoulOther CitiesVendor Landscape
IT Infrastructure Providers
Arista NetworksAtosCisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseIBMInspurIntelLenovoNetAppData Center Construction Contractors & Sub-Contractors
BEHIVE ArchitectsDPR ConstructionGS E&CHanmiGlobalHyundai Engineering & ConstructionISGPOSCO ICTSAMOO Architects & EngineersSamsung C&TSupport Infrastructure Providers
ABBCaterpillarCumminsDelta ElectronicsEatonFuji ElectricLegrandMitsubishi ElectricPiller Power SystemsRittalRolls-RoyceSchneider ElectricSTULZVertivData Center Investors
ActisDigital RealtyDreammark1Digital EdgeEquinixHostway IDCKakao CorpKT CorpLG UplusLG CNSNaverNHN CorpSOLISIDCSK BroadbandNew Entrants
Empyrion DCESROneAsia NetworkPrinceton Digital GroupPure Data Centres GroupSC Zeus Data CentersST Telemedia Global Data CentresSTACK InfrastructureKey Questions Answered in the Report: How big is the South Korea data center market?How many existing and upcoming data center facilities exist in South Korea?How much MW of power capacity will be added across South Korea during 2024-2029?What factors are driving the South Korea data center market?What is the growth rate of the South Korea data center market?Who are the key investors in the South Korea data center market?
Get the Detailed TOC @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
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Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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