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AI & Enterprise
Security has no \'SaaSpocalypse\' as earnings surprises continue
A \"SaaSpocalypse\" scenario suggesting AI could erode or eliminate traditional software is still discussed in tech, but security appears relatively insulated. Many security companies are reporting results that beat expectations. Okta and CrowdStrike lifted annual outlooks after strong quarterly earnings, sending their shares higher in after-hours trading. In South Korea, a Ministry of Science and ICT project to develop a cyber security-focused AI foundation model is proceeding as a two-way race.
AI & Enterprise
Hanssak swings to profit in Q2 on broader security portfolio and business diversification
Hanssak said on Sunday it swung to a profit in the second quarter on both separate and consolidated bases, citing an expanded security-solution portfolio and business diversification. Separate second-quarter revenue rose 39 percent to 6.4 billion won and operating profit was 1.3 billion won, versus an operating loss a year earlier. Consolidated revenue increased 44 percent to 7.6 billion won and operating profit was 800 million won.
AI & Enterprise
Hanssak signs master distribution deal with SMPeoples to expand sales network for four core security solutions
Hanssak, a data security company, said on Tuesday it signed a master distribution agreement with information security firm SMPeoples for its integrated security solutions. SMPeoples secured domestic master distribution rights for four Hanssak security products and will distribute them across industries including public, financial, manufacturing and education. Hanssak will provide marketing and training materials and handle technical support and maintenance, while SMPeoples will focus on customer development, sales and first-line support.
