Viva Republica acquires 5.2 billion korean won worth of treasury stocks in crosscert
CrossCert (CEO: Richard Shinn) signed an MOU with Viva Republica (CEO Seung-Geun Lee) to jointly expand in the digital certification market. Part of the cooperation is an equity investment of Viva Republica in CrossCert through the purchase of 5.4 billion Korean Won worth of treasury shares.
As part of the strategic partnership, the two companies plan to develop innovative electronic certification technologies and services for the rapidly growing fintech industry.
CrossCert launched its first certification service in 1999. The company has been a leader in secure authentication technologies and has recently launched FIDO authentication services as well as cloud-based document signing.
Richard Shinn, CEO of CrossCert stated that “the strategic alliance between CrossCert and Viva Republica will focus on innovating new technologies such as digital signature, secure certification and platform technologies with the goal of creating mutual synergy effects for the two companies”.