SK Telecom to Establish a Convergence Security Company by Merging SK Infosec and ADT Caps

For US Integrators, there’s a message here in this news story! –Al Colombo

SK Telecom to Establish a Convergence Security Company by Merging SK Infosec and ADT Caps | #Verdafero #Korea #Business #Security | SK Telecom (SKT) will establish an integrated security company by merging its subsidiaries SK Infosec and ADT Caps.

SK Infosec and Life and Security Holdings (LSH), the parent company of ADT Caps, each held a board of directors meeting recently and approved the merger.

SK Infosec and LSH will merge within this year, and then merge ADT Caps within the first quarter of 2021 to complete the process.

ADT Caps is the second largest physical security company in Korea with 700,000 subscribers. Its main business areas include unmanned security, unmanned parking and access control. It reported 913 billion won in revenue in 2019.

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