360 announces acquisition of FangCloud

360 announced its acquisition of enterprise document management and collaboration SaaS FangCloud on April 21, 2020.
After the acquisition, FangCloud will maintain an independent brand to operate independently, and its market positioning for businesses will remain unchanged.

360 announced its acquisition of enterprise document management and collaboration SaaS FangCloud on April 21, 2020.

After the acquisition, FangCloud will maintain an independent brand to operate independently, and its market positioning for businesses will remain unchanged.

360 will empower FangCloud in terms of security technology, and FangCloud will also cause synergy with 360’s cloud products.

360’s security capabilities combined with FangCloud’s product capabilities render for both sides to enter the government and enterprise market.

After 360 divorced with Qianxin, both sides started their own way targeting business clients.

Recently, 360 has been talking with SaaS manufacturers about acquisitions, hoping to build their own business-focused ecological platform through a strategy of combing self-building, acquisition, and cooperation.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/22/360-announces-acquisition-of-fangcloud/.

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