Korea’s Hancom buys document software firm Clipsoft

Hancom Inc., a homegrown office suite developer in South Korea, said on Friday that it has acquired local business-to-business (B2B) digital document production firm Clipsoft. The deal value is undisclosed.

Hancom aims to top the local electronic document systems market through the acquisition. The company said it will enable it to secure a solid revenue stream in B2B digital data management, based on growing demand for e-documents in smart work and data-driven businesses.

Clipsoft develops electronic reporting and document formatting solutions. Its software, including an e-signature system, is available to companies, hospitals, universities and government agencies. The firm has provided its solutions to the local market and 15 countries abroad.

The two firms will jointly develop digital data software by combining Hancom’s document creation and datafication technologies with Clipsoft’s data visualization and e-document prowess.

The office suite creator will strengthen its Hancom Assistant, an artificial intelligence-based document production tool similar to Microsoft Corp.’s 365 Copilot, by applying Clipsoft’s data visualization technology.

Hancom Carelink, a digital healthcare affiliate, will introduce Clipsoft’s data visualization to its medical examinations and genomic and microbiome analysis reporting. Aerospace tech unit Hancom Inspace is planning to use Clipsoft’s data management system for its big data provided by satellites.

Hancom is also planning to enter the Japanese digital data market. It will set up a branch in Japan this month and start a business there in partnership with Kdan Mobile, a Taiwanese document software company in which Hancom holds around a 30% stake as the largest shareholder.

Write to Seung-Woo Lee at leeswoo@hankyung.com


Jihyun Kim edited this article.