LG CNS Signs Co-Investment Deal with General Atlantic on AI and Software Sectors
MT Newswires Live
Oct 01
LG CNS (KRX:064400) has signed a co-investment agreement with General Atlantic to pursue investments in enterprise technology companies in the global AI sector, according to a bourse filing on Thursday.
The agreement will see both companies jointly identify and explore investment opportunities, with individual deal terms disclosed case by case.
General Atlantic brings $130 billion in assets under management as of June 30, along with over 45 years of technology investment experience and a presence in more than 20 countries.
Through this partnership, LG CNS aims to diversify its business portfolio, strengthen its enterprise software business with stable recurring revenue.
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