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Ericsson & SK Holdings Collaborate on IoT Platform Development, ICT & Convergence Security

Ericsson & SK Holdings Collaborate on IoT Platform Development, ICT & Convergence Security Image Credit: Ericsson

Ericsson and SK Holdings, a South Korean total IT services provider have signed an MOU to collaborate on the development of Internet-of-Things(IoT) platforms, emerging ICT services and convergence security solutions. Both companies will jointly develop specialized IoT platforms for industry sectors including health care and transportation. These efforts will leverage Ericsson's global experience in delivering industry-leading solutions such as Volvo Cars' Connected Vehicle Cloud and connected container-tracking systems for shipping company Maersk Line.

In addition, the two companies will explore opportunities relating to emerging ICT services such as global disaster recovery and IoT authentication in the Asia Pacific area. A joint task force will be formed to develop business strategies that build on Ericsson's industry-leading network capabilities. Ericsson will combine its network security technology with the data security capabilities of SK Holdings's Infosec unit and pursue broad cooperation in areas including convergence security services for global customers.

Park Jung-ho, CEO, SK Holdings
Drawing from our strength in ICT services and solutions, we will enhance ICT competitiveness and strengthen our presence in global markets by forging partnerships with leading global companies in the areas of IoT, cloud networks and Big Data. We will create a strong collaborative ecosystem with global ICT and solution companies for our global target markets and target industries.

Hans Vestberg, President and CEO, Ericsson
Our IoT platform has opened up great opportunities for businesses across industries. We look forward to working together with SK Holdings C&C to build a strong ICT ecosystem to realize and capture the benefits of the Networked Society.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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