MEGAZONE CLOUD
Founded Year
1998Stage
Series C - II | AliveTotal Raised
$660.35MValuation
$0000Last Raised
$343M | 2 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-6 points in the past 30 days
About MEGAZONE CLOUD
MEGAZONE CLOUD is a cloud brokerage service company specializing in cloud computing and Amazon Web Services. The company offers a range of services including cloud consulting, implementation, enterprise support, management, cost optimization, billing, managed security, and ISMS certification consulting. MEGAZONE CLOUD develops its own cloud solutions to enhance operational efficiency and provides integrated cloud environments in partnership with global cloud solution providers. It was founded in 1998 and is based in Seoul, South Korea.
Loading...
Loading...
Expert Collections containing MEGAZONE CLOUD
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
MEGAZONE CLOUD is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Latest MEGAZONE CLOUD News
Jul 16, 2024
BoA Accelerating Expansion into South Korean IPO Market with New Hires Print Editor Yoon Young-sil 닫기 Bank of America (BoA) has been demonstrating its presence in the South Korean initial public offering (IPO) market since the beginning of this year. After signing an underwriting agreement with K Bank in February, BoA has also secured a joint lead manager position for Megazone Cloud's IPO, which is valued at 6 trillion won (approximately $4.33 billion), this month. According to the investment banking (IB) industry on July 15, BoA has signed three underwriting agreements for IPOs worth trillions of won this year. The IPOs include K Bank, with an expected market capitalization of 4 to 5 trillion won, DN Solutions valued at 4 trillion won, and Megazone Cloud valued at 6 trillion won. BoA is set to participate as a co-lead underwriter for the IPOs of DN Solutions and Megazone Cloud. Large IPO companies typically enter into underwriting agreements with both domestic and foreign securities firms. This is because the large volume of issued shares necessitates selling a portion to foreign investors. In this process, foreign securities firms act as intermediaries between the issuing company and overseas investment institutions such as asset management firms. Among foreign securities firms operating in South Korea, JP Morgan and Citigroup Global Markets Korea Securities Limited have secured the most IPO underwriting contracts. Until last year, BoA had not signed any underwriting agreements. BoA has started to focus heavily on underwriting domestic IPOs since early this year. K Bank provided the initial foothold for BoA's entry into the South Korean IPO market. In 2022, K Bank had entered into underwriting agreements with NH Investment & Securities, JP Morgan, and Citigroup Global Markets Korea Securities Limited to pursue a listing on the Korea Exchange. However, K Bank reevaluated its underwriters after Choi Woo-hyung was appointed as the new CEO last year, and BoA secured a position as one of the foreign underwriters. Leveraging its role as the lead underwriter for K Bank, BoA has been expanding its influence by securing “tens of billions” worth of IPO underwriting contracts such as DN Solutions and Megazone Cloud. To bolster its capabilities, BoA has been recruiting personnel, including junior-level IPO professionals from Korea Investment & Securities earlier this year. This move is driven by the recognition that enhancing its team with experienced professionals is crucial, given its lack of experience in underwriting domestic IPOs.
MEGAZONE CLOUD Frequently Asked Questions (FAQ)
When was MEGAZONE CLOUD founded?
MEGAZONE CLOUD was founded in 1998.
Where is MEGAZONE CLOUD's headquarters?
MEGAZONE CLOUD's headquarters is located at Megazone Building, Seoul.
What is MEGAZONE CLOUD's latest funding round?
MEGAZONE CLOUD's latest funding round is Series C - II.
How much did MEGAZONE CLOUD raise?
MEGAZONE CLOUD raised a total of $660.35M.
Who are the investors of MEGAZONE CLOUD?
Investors of MEGAZONE CLOUD include IMM Private Equity, MBK Partners, KT Corporation, Salesforce Ventures, NAU IB Capital and 19 more.
Who are MEGAZONE CLOUD's competitors?
Competitors of MEGAZONE CLOUD include Kaar Technologies and 5 more.
Loading...
Compare MEGAZONE CLOUD to Competitors
Scholastic Versatile Integration Center from India (SVIC INDIA) is an information technology consulting firm. It provides e-learning, content encryption and development, database-driven software, ERP, web applications, cloud and multimedia solutions, and more. It was founded in 2007 and is based in Hyderabad, India.
Onix is a premier cloud consulting firm specializing in cloud computing, data analytics, and artificial intelligence. The company offers a suite of services including cloud migration and modernization, AI/ML integration, data analytics, and AI-powered managed services to transform business operations. Onix primarily serves sectors such as healthcare, retail, public sector, manufacturing, financial services, and telecom. It was founded in 1992 and is based in New York, New York.
Mentat Cloud specializes in cloud automation solutions within the cloud computing technology sector. The company offers services such as DevOps, cloud services, and serverless compute solutions to optimize cloud infrastructure and operations. Mentat Cloud primarily serves sectors that require cloud strategy, cloud-first applications, and cloud enablement technologies. It was founded in 2015 and is based in New York, New York.
Twolinecode specializes in cloud solutions and data engineering within the global IT development industry. The company offers cloud integration and deployment, data engineering services including data aggregation, migration, management, and the creation of real-time/batch data pipelines, as well as data visualization and real-time analytics. Twolinecode primarily serves large-scale enterprises and various small to medium-sized businesses in need of IT outsourcing. It was founded in 2013 and is based in Seongnam, South Korea.
Lemongrass specializes in software-enabled services, focusing on transitioning and managing system applications and products in data processing (SAP) systems on the cloud within the technology sector. The company offers support for the entire lifecycle of a customer's SAP system, including planning, migration, operation, and innovation services, without using overly technical language or making subjective claims. Lemongrass primarily serves sectors that require robust SAP solutions and cloud infrastructure management. It was founded in 2008 and is based in Edison, New Jersey.
nClouds is a cloud-native services company that operates in the information technology and services industry. The company offers a range of services including cloud migration, optimization, and managed services, as well as DevOps consulting and site reliability engineering. nClouds primarily serves the cloud computing industry. It was founded in 2012 and is based in Suisun City, California.
Loading...