IT Daily, 18, August, 2011 - Information Security Leading Provider MONITORAPP Co. Ltd. (CEO Kwanghoo Lee) formed a partnership with INCA Internet (CEO Younghm Joo).
Both companies are collaborating in mutual product sales and marketing and announced an agreement that transfer INCA Internet’s Web Firewall business to MONITORAPP.
INCA Internet is planning to further strengthen market dominance of online PC security solution by reorganizing the business mainly in the core business that occupies market first place as nProtect Netizen and Gamguard while transferring Web Firewall business sector to MONITORAPP.
Meanwhile, security industry expect to change the result in the local Web Application Firewall market due to both companies cooperation and the market is greatly expand because of continuous large-scale security incidents and DDoS crisis nowadays. This means also MONITORAPP will further reinforcing its position in local Web Application Firewall market which is the top four companies, including MONITORAPP, make up 90 percent of the market share.
An official at the MONITORAPP said, “With the transfer of Web Firewall business sector, both companies have reinforced their business cooperation in sales and marketing and the alliance between the two companies will generate a significant synergy effect.”