LUCIDWORKS ANNOUNCES EXCLUSIVE KOREAN DISTRIBUTOR AGREEMENT WITH TOBESOFT

AI-powered search provider Lucidworks continues expansion into APAC, announces strategic partnership with Korean low-code development platform leader, Tobesoft SAN FRANCISCO and HONG KONG, March 19 (Bernama-GLOBE NEWSWIRE) -- Lucidworks, the leader in AI-powered search applications, announces their first distributor agreement in APAC with Korean low-code development platform, Tobesoft. Tobesoft is now the sole distributor in Korea of Lucidworks Fusion, a development platform for teams to design, build, and deploy powerful search and data applications. Both companies view this as a strategic partnership to further develop solutions for more intelligent digital commerce and the emerging digital workplace, as well as other AI-powered offerings for the enterprise market. In the past nine months, Lucidworks has doubled their team in preparation for global growth and expansion, including the hire of Robert Lau, Chief Operating Officer of APAC and Global Emerging Markets, and a new office in Hong Kong. Lucidworks approached Tobesoft, a leader in the APAC region, for their expertise and familiarity in the rapidly growing Korean market. Tobesoft’s flagship product, Nexacro, owns 60% market share in Korea with customers that include Samsung and Hyundai. This impressive low code development platform enables developers to quickly create both websites and applications simultaneously to build powerful user experiences. “Many customers are afraid of approaching AI or ML and consider them difficult or even impossible to implement in their current operations,” explains Tobesoft Vice Chairman, Mun-Young Lee. “Lucidworks is able to deliver AI that is both powerful and user friendly by reducing many of the underlying complications of machine learning that us non-data scientists fear. Bringing together Lucidworks’ AI expertise and our own UI/UX capabilities, we have the opportunity to bring next generation enterprise solutions to our customers. We’re looking forward to growing our relationship beyond vendor-distributor to create better solutions in industries such as digital commerce and the digital workplace.” Korea is one of the most advanced digital economies globally. Data from Export Enterprises ranks Korea’s e-commerce market 7th largest in the world and 3rd largest in the Asia-Pacific region. Tobesoft views the digital commerce market as one of their largest target sectors and sees Lucidworks’ experience in delivering world-class solutions for companies such as REI and Lowe’s as a major asset for creating value for the customers who are competing in the crowded retail space. Both companies are dedicated to building solutions that create a better experience for users through understanding their behavior, frustrations, and goals to provide intelligent results that are both easy to understand and relevant. “As we look towards the future of Lucidworks, APAC will have a central role in our growth plans,” explain Lucidworks CEO, Will Hayes. “In order to repeat the success that we’ve had in North America, we need to build partnerships with the most strategic folks in the region. Tobesoft’s market share, vision, and understanding of the value of the enterprise solution market makes them an incredible partner for us. This isn’t just a distributorship, it’s a strategic partnership that will boost the development capabilities of both companies.” About Lucidworks Lucidworks builds search-driven solutions for some of the world's largest brands. Fusion, Lucidworks' advanced development platform, provides the enterprise-grade capabilities needed to design, develop, and deploy intelligent search apps at any scale. Companies across all industries, from consumer retail and healthcare to insurance and financial services, rely on Lucidworks everyday to power their consumer-facing and enterprise search apps. Lucidworks' investors include Shasta Ventures, Granite Ventures, and Walden International. www.lucidworks.com About Tobesoft Tobesoft Co., Ltd. is a producer of enterprise-grade UI/UX development platform based in Seoul, South Korea, with over 4000 customer references. The Company was incorporated in July 2000 and in June 2010 became the first in its industry to become listed on the KOSDAQ market. Tobesoft independently develops various solutions, providing customized services that optimize the business user experience for each customer. Backed by its distinctive technology and with its continuous efforts in improving product and service qualities, Tobesoft has steadily maintained its position as leader in its industry. Contact Information Katie Florez PR Manager 513-470-7253 katie.florez@lucidworks.com Contact Information Roy Seong Manager of Lucidworks Business Group +82-2-2140-7756 roy@tobesoft.com Source: Lucidworks --BERNAMA