LG CNS Forms Joint Investment Partnership with General Atlantic to Identify SW and AI Companies

Joint Investment Partnership in Enterprise Technology Companies

Strengthening Enterprise Software Operations and Diversifying Business Portfolio

LG CNS has established a joint investment partnership with the global investment firm General Atlantic to pursue investments in enterprise technology companies.

On October 1, LG CNS announced that it had signed a joint investment agreement with General Atlantic at the latter’s headquarters in New York, United States, on September 24 (local time). The signing ceremony was attended by LG CNS CEO Hyun Shinkyun and General Atlantic’s Co-President and Head of Global Growth Assets Martin Escobari, along with other key executives.

LG CNS Headquarters Exterior. LG CNS

Through this agreement, LG CNS and General Atlantic will jointly identify and explore investment opportunities in enterprise technology companies specializing in software (SW) and artificial intelligence (AI). Specific investment amounts and terms will be disclosed on a case-by-case basis when the target companies are confirmed.

As of June this year, General Atlantic is a leading global investment company managing assets worth $130 billion (approximately 175 trillion won). With its headquarters in New York and offices in 20 countries worldwide, the company employs over 900 people and boasts more than 45 years of experience investing in technology companies.

LG CNS’s strategy is to diversify its business portfolio by strengthening its enterprise SW operations in addition to its existing IT services and AI transformation (AX) business. To this end, LG CNS plans to jointly identify enterprise technology companies with General Atlantic.

LG CNS intends to leverage this investment as an opportunity to expand its existing enterprise SW business. The company aims to secure SW assets with intellectual property (IP) rights, thereby reinforcing stable revenue streams through licensing and subscription models. LG CNS also plans to lay the foundation for global business expansion by linking its IT services and AI transformation (AX) capabilities with software offerings.

CEO Hyun Shinkyun of LG CNS stated, "As AI accelerates innovation in the way companies operate, proactively securing enterprise software that handles core business functions and data will be a crucial momentum for laying the groundwork for future growth. Together with General Atlantic, we will secure key business foundations that will drive future growth, combining them with LG CNS’s AX capabilities to deliver new value to our customers."

This content was produced with the assistance of AI translation services.