LG CNS

LG CNS is the IT department of South Korean conglomerate LG Group working at the international level.

2017: LG sells the ATM division

LG CNS, the IT division of the South Korean giant, sells in the summer of 2017 the ATM business in five years after purchase of this division from LG N-Sys.

According to sources in the industry, LG CNS decided to include the ATM division in restructuring plans and now looks for for this structure of the new owner. The obsepecheniya of bank branches all  hardware and software solutions and also the main devices of automation for the sphere of financial service, including ATMs and dispensers for cash disbursement enters tasks of division.

The aspiration of LG CNS to sell the financial division is caused by its low performance caused by decrease in demand for ATMs. The company in May, 2014 announced the plans for creation of the second plant in Pyongtek, the province Kyongi, within development of the ATM business. Nevertheless, the park of ATMs is quickly reduced as banks close the departments, and bank service on the Internet and smart banking gains ground.

In 2016 LG CNS was made in total 2993 ATMs that shows sharp falling in comparison with 2014 when production volume was 7442 devices. In the fourth quarter 2016 the company recorded that the average monthly load of production capacities at the plant in Pyongteka is mentioned at the level of 80.3%.

To acquisition of ATM division of LG CNS showed two South Korean companies, ATEC and NICE, one company from China and one of the USA.

At the same time, some industry observers consider what LG CNS is going to sell ATM business to concentrate efforts on software development, but not the equipment. The company delivers panels and operational applications for Pepper, the robot created by the Japanese bank Softbank. Besides, she is going to deliver bank ALPHA robots consultants with artificial intelligence of joint development of the company with LG Electronics for ^[1].

2015: Start of solutions SaaS shop

On June 16, 2015 it became known that LG CNS developed online store of the software distributed according to the scheme software-as-a-service (SaaS). The products placed in the directory are intended for the beginning companies and representatives of small and medium business, reports the ZDNet portal.

The platform with SaaS software will be started in September, 2015. Willingness to place there the products was shown by more than 20 software makers who will propose solutions in the field of marketing, human resources management, security and analytics. Besides, the cloud shop will contain programs of a class ERP, CRM and middleware (binding software). In addition to third-party developers, LG CNS will provide own products created and extended with assistance of partners.

It is noted that the LG CNS project will profitable differ from competitors in the low commission for developers, holding different actions and technology superiority. The platform is focused first of all on those software developers who have no developed sales channel and sufficient means for creation of own systems.^[2]

"Our purpose consists in creation of a cloud ecosystem – even if also not profitable as the cloud market still is at an early stage of the development in South Korea" — the representative of LG CNS reported.

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