Tilon Co.,Ltd. announced that it has received KRW 200 million in funding from Busan Bank Co., Ltd., Investment Arm
October 03, 2016
Share
On October 4, 2016, Tilon Co.,Ltd. closed the transaction. The company amended the terms of the transaction. The shares will now be redeemed from October 5, 2016 to October 4, 2021 and the conversion period will be from October 5, 2016 to October 4, 2021.
Tilon Co Ltd is a Korea-based company principally engaged in the development and supply of application software. In addition, the Company is also engaged in the manufacture and sell of computer systems; developing and supplying total solutions. The Company mainly operates private cloud business that can be introduced as a built-in cloud due to security issues such as smart work, mobile office, green IT, and network separation in companies or public institutions. The Company also operates public cloud business that allows individuals or small and medium-sized businesses to pay only for what they use in a pay-as-you-go format and utilize the cloud system without building a system themselves.
TILON CO.,LTD. 
