360 acquires all stakes in HanSight Technology

On June 8th, 360 Security Technology (360) and HanSight Technology (HanSight) jointly announced today that 360 fully acquired Hansi Technology.

On June 8th, 360 Security Technology (360) and HanSight Technology (HanSight) jointly announced today that 360 fully acquired HanSight.

After the completion of the acquisition, HanSight will be fully integrated into 360 Enterprise Security Group, exert the security capabilities of both parties, and advance the 360 security strategy.

Honghua Capital acted as the exclusive strategic investment and financial advisor for this transaction.

According to reports, as early as July 2019, in the C round of strategic financing into HanSight, 360 was the sole investor. Both parties proposed to promote the security of government bodies and enterprises, establish a large security ecosystem, and enhance the overall defense strength of domestic cyber security.

HanSight was also the first selected partner in the new domestic cybersecurity ecosystem initiated by 360 earlier.

In the past year, since the upgrade of the government-enterprise 3.0 strategy, 360 has fully exerted its strength on the government-enterprise security market, and it has gained heavy weight in many cities and fields.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/09/360-acquires-all-stakes-in-hansight-technology/.

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