Founded over 30 years ago, ETECH SYSTEM offers end-to-end IT strategy consulting, system integration (SI), network integration (NI), and has operated a dedicated managed service provider (MSP) cloud unit since 2015. Leveraging deep on-premise expertise, the company specialises in hybrid-cloud migration that combines private and public clouds, positioning itself as a digital-transformation (DX) accelerator for Korean enterprises. Management plans to reinforce its core SI/NI offerings while aggressively expanding into cloud and software, areas it expects to be major future growth engines. Financial performance has been robust: revenue grew from KRW 290.9 billion in 2021 to KRW 415.7 billion in 2023, while EBITDA increased from KRW 6.5 billion to KRW 12.8 billion over the same period. The cloud business unit alone posted 160% year-over-year growth in 2023. Parent entity ETEVERS Group generated KRW 1.49 trillion in 2023 revenue with KRW 49.7 billion in EBITDA, marking three consecutive years of double-digit growth. With a newly secured capital infusion, ETECH SYSTEM aims to cement its position as Korea's leading DX accelerator.

Total raised

$129M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2024