Ericsson today announced its Internet of Things (IoT) platform deal with SK Holdings C&C.
Hans Vestberg, president and CEO of Ericsson, and Park Jung-Ho, CEO of SK Holdings C&C, signed the agreement on August 12, 2015 to focus on Internet of Things (IoT) platforms, emerging ICT services and convergence security solutions.
“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,” said Hans Vestberg, president and CEO of Ericsson.
Ericsson and SK Holdings C&C will develop specialized IoT platforms for industry sectors including health care and transportation.
Earlier, Ericsson delivered solutions such as Volvo Cars’ Connected Vehicle Cloud and connected container-tracking systems for shipping company Maersk Line.
Ericsson and SK Holdings C&C will also explore opportunities relating to ICT services such as global disaster recovery and IoT authentication in the Asia Pacific area. Currently, 40 percent of global mobile traffic is carried by Ericsson networks.
As per the MoU, Ericsson will combine its network security technology with the data security capabilities of SK Holdings C&C’s Infosec unit and pursue cooperation in areas including convergence security services for global customers.
SK Holdings C&C is the holding company of the SK Group, South Korea’s third largest conglomerate with over $140 billion in revenues in 2012.