LG Uplus buys Pago Networks in first security M&A

LG Uplus said Tuesday it has acquired Pago Networks, a domestic specialist in managed detection and response services, in what the carrier called its first merger under a broader push to make security a growth business. MDR firms monitor a client's systems around the clock and act on threats as they surface, rather than just flagging them. The companies did not disclose the price, the stake or whether Pago becomes a consolidated subsidiary, citing confidentiality terms. LG Uplus is South Korea's

By The Korea Herald