Toss Lab Inc, a South Korean software as a service (SaaS) firm, has secured $1.2 million strategic investment from Kdan Mobile Software, Ltd, a global SaaS company headquartered in Taiwan.

Kdan Mobile Software said in a statement the two leading productivity software companies from Asia plan to integrate their solutions to expand the international business to business (B2B) market.

Kdan Mobile, has expanded its software solutions, including an e-signature service and creative productivity tools, globally. The company’s work is supported by over 200 million downloads and over 10 million members worldwide.

Toss Lab Inc, on the other hand, is an enterprise software company that promotes a simple and efficient workflow.

Its flagship product is JANDI, a collaboration platform featuring a suite of productivity tools for the workplace. JANDI is supported by over 350,000 teams.

Kdan plans to support Toss Lab to further improve the workflow tools featured on JANDI via its recognized PDF SDK library technology.

The highly anticipated resulting solution designed from the collaboration is predicted to be a breakthrough in Asian and global SaaS ecosystems.

“This is not only a remarkable achievement for Asian SaaS companies’ collaboration, but great progress in the global SaaS market,” said Kenny Su, Chief Executive Officer and Founder of Kdan Mobile.

“We look forward to seeing the market growth for both Kdan and Toss Lab Inc,” he added.

With both companies’ Chief Executive Officers sharing a common goal of improving workplace efficiency, the collaboration is expected to prospect new solutions for enterprises in the future, and scale the companies’ user bases.

“We are confident that we can offer enterprises a more comprehensive solution through our partnership with Kdan Mobile and continue to improve efficiency in the workplace,” said Matt Kim, Chief Executive Officer of Toss Lab, Inc.

Kdan Mobile Software, Ltd. has pledged to continue to seek out opportunities to grow its digital footprint, pledging to become the next unicorn in SaaS.

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