TOBESOFT Kicks off in High Gear by Diversifying Business Offerings
TOBESOFT Kicks off in High Gear by Diversifying Business Offerings
- Retains current focus on UI/UX platform business
- Expands into fintech and IoT areas for which it can leverage its capabilities
TOBESOFT (www.tobesoft.com), which has kept its top spot in the UI/UX area since being founded 15 years ago, said on the 2nd that it would move into new business areas while retaining its current position in existing business fields. To this end, the company recently announced a plan to find new funding sources and sign partnership deals with firms having highly specialized capabilities to enter the fintech and Internet-of-Things areas.
Kim Hyung-gon, president of TOBESOFT, said, “We will continue our UI/UX business and overseas business while creating a presence in the fintech and Internet-of-Things markets in which we can leverage our current capabilities.”He added, “Our R&D technical prowess is solid enough to guarantee success in the new business areas,” revealing his confidence in the new venture.
Meanwhile in early 2014, TOBESOFT started to expand into global markets by launching its ‘nexacro platform’ in the US and Japan after acquiring Nexaweb, an erstwhile rival in the United States, and its Japanese subsidiary Nexaweb Japan. Building on success in these two countries, the company is now reviewing a plan to establish a presence in the Chinese market.
It remains to be seen how TOBESOFT will fare in the new markets of fintech and Internet-of-Things in 2016 and whether the undertaking will give the company’s growth an added boost.