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MOU between Central and Swit Technologies Business 21-01-02

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It was announced on the 26th that Central (CEO Yong-ho Yoon and Ho-young Lee), a global manufacturer of car parts that supplies to famous automotive brands, and Swit Technologies (CEO Ju-hwan Lee), a Silicon Valley company that provides corporate collaboration tool Swit, concluded an MOU.

This MOU contains that the both parties shall mutually cooperate to successfully introduce Swit into Central and for digital transformation based on the core competencies technologies of the two companies, and furthermore, Central shall expand its role as a reselling partner for Swit, and Swit as a Smartfactory technology partner for Central.

In the Cloud era, companies are facing the digital transformation with communication and collaboration as a big challenge. In particular, in the non-face-to-face work environment triggered by the coronavirus, mid-sized companies are reviewing existing domestic and international collaboration tools, but most of them are made for small teams, so they are unable to find a satisfactory solution.

Central was seeking digital transformation as opportunities for collaboration with auto sales companies around the world increased. In addition, since it has 19 business sites in 8 countries, it aims to increase productivity by solving the complexity caused by geographic problems. Therefore, Central has introduced Swit as company-wide to improve work efficiency and enable all teams to quickly reach common goals based on improving business processes, flexible communication, and transparent collaboration system. Hence, it is used to manage projects of hundreds of teams under each subsidiary per year, and a window for communication with
partners.

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General Manager Sang-woo Kang of Central said, “Through this MOU with Swit, Central will create the best practices for digital transformation in the manufacturing industry, so that many global automakers will come to Central to learn innovation in work productivity. Together with Swit, we will lead the digital transformation of the manufacturing and smart factory industries by discovering various use cases within the group.”

CEO Ju-hwan Lee of Swit Technologies said “Through this case, we once again proved that Swit is the best collaboration tool suitable as a company-wide collaboration tool not only for a small single team, but also for a midmarket and enterprise level. We will lead the collaborative market as a digital transformation partner for companies of various sizes in all industries including IT as well as manufacturing.”

Central manufactures steering, suspension, and driving parts, which are key security parts for automobiles. It supplies to global automaker brands such as GM, Ford, and Hyundai-Kia Motors, as well as leading electric vehicles such as Lucid, which has recently emerged. Based on long-standing technology and experience of OEM, the company is leading the market by occupying the No. 1 market share in the aftermarket in 10 countries.

Swit Technologies is based in Silicon Valley, USA, and has developed and operated an enterprise software Swit that combines “Task Management” function and “Team Chat”, the two biggest axes of digital transformation (DT). Based on its high usability and excellent security at the enterprise level, it is currently used by over 20,000 companies in 161 countries, completing the digital transformation of the enterprise.
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