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SK Broadband and Swit Enter Partnership to Innovate Company Culture

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On October 27, 2022, SK Broadband signed a $4 million investment commitment with Swit Technologies, aiming to enhance the global collaboration platform market. This partnership will establish a dedicated sales team, providing Swit’s services to all SK Broadband clients to facilitate digital transformation in hybrid work environments. SK Broadband's VP, Lee Bang-yeol, emphasized the opportunity for increased productivity and company culture improvement. Swit's Work OS, recognized for its scalability and ease of use, is set to lead this digital transformation in Korea.

Positive
  • SK Broadband invests $4 million into Swit, supporting growth in the collaboration platform market.
  • Partnership enables Swit to target hybrid work environments, which have seen increased demand post-pandemic.
  • Swit's Work OS recognized for its functionality and scalability, enhancing productivity.
Negative
  • None.

SEOUL, South Korea, Oct. 27, 2022 /PRNewswire/ -- Josh Lee, CEO of Swit Technologies Inc., and Choi Jin-hwan, CEO of SK Broadband, have signed a commitment between the two companies for an investment of 4 million USD into Swit. 

Lee Bang-yeol from SK Broadband (left) and Swit CEO Josh Lee (right)

SK Group is the second largest corporate group in Korea by asset size after Samsung Group, and SK Telecom ranks first in wireless communications. SK Broadband and SK Telecom have been making strategic investments in the global collaboration platform market. They are working in partnership with Swit, a Work OS that shows fast growth and immense potential in this sector. The investment is expected to revolutionize the way people work.

Effective immediately, SK Broadband and Swit will organize a dedicated team for joint sales and marketing, and Swit's service will be provided to all SK Broadband clients and companies interested in innovating their workflow and accelerating the digital transformation of their companies.

The investment by SK Broadband shows its enthusiasm to work with Swit to actively target the hybrid work market, which has seen increased demand amid the pandemic.

Lee Bang-yeol, Vice President at SK Broadband confirmed, "This partnership will be a great opportunity for SK Broadband and its clients to establish a more productive work environment and foster a company culture that re-humanizes work."

"The pandemic has caused a fundamental change in how businesses function and there has been a surge in inquiries about work management from mid-sized and large enterprises. As hybrid work environments become more common, they pose their own set of challenges that Swit's Work OS has been designed to handle with ease. With the strategic partnership with SK Broadband, Swit will lead the digital transformation of companies in Korea." Swit's co-founder Josh Lee said.

Swit is a one-of-a-kind, enterprise-level SaaS solution that provides company-wide collaboration and project management. It was named to G2's 'Best Software List' in project management. Swit was also selected as number one in Meets Requirements, Ease of Use, and Ease of Admin out of global software.

About Swit

Swit is a one-of-a-kind Work OS, that combines Chat & Task functions with Google Workspace and MS365 Integrations, to provide users with unmatched Functionality, Scalability, and Interoperability. Visit Swit.io to find out more!

Media inquiries
Swit Technologies Inc. PR Lead, Sophie Park (sophie.park@swit.io)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sk-broadband-and-swit-enter-partnership-to-innovate-company-culture-301661060.html

SOURCE Swit Technologies Inc.

FAQ

What is the significance of the $4 million investment by SK Broadband in Swit?

The $4 million investment by SK Broadband aims to strengthen the collaboration platform market and enhance Swit's offerings in hybrid work environments.

How will the partnership between SK Broadband and Swit affect clients?

The partnership will provide all SK Broadband clients access to Swit's services, promoting digital transformation and increased productivity.

When was the partnership between SK Broadband and Swit announced?

The partnership was announced on October 27, 2022.

What does Swit's Work OS offer?

Swit's Work OS offers a unique enterprise-level SaaS solution for collaboration and project management, integrating chat and task functions with Google Workspace and MS365.

Who are the key executives involved in the SK Broadband and Swit partnership?

Josh Lee, CEO of Swit Technologies, and Choi Jin-hwan, CEO of SK Broadband, are the key executives involved.

SK Telecom Co., Ltd. American Depositary Shares (Each representing 5/9th of a Ordinary Share of SK Telecom Co., LTD.)

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