HandySoft
Public ยท 2 known investors
Korean listed software firm, renamed Polaris AI Handy, supplying groupware, BPM and cloud/AI business automation solutions.
Also known as HandySoft Corp ยท HANDYSOFT, Inc. ยท KOSDAQ: A220180 ยท Polaris AI Handy Corp. ยท ํด๋ผ๋ฆฌ์คAIํธ๋ ยท ํธ๋์ํํธ
Investors ยท 2
Company profile
researched Aug 2026HandySoft (ํธ๋์ํํธ), renamed Polaris AI Handy Corp. in 2025, is a South Korean packaged-software developer listed in Korea under the ticker A220180. Its core business is enterprise collaboration software: groupware, business process management (BPM), enterprise knowledge portals (EKP), document and knowledge management, and mobile front-end solutions built on a portal framework. The company markets these as an integrated work infrastructure for internal communication and collaboration, alongside a cloud-delivered version of the same collaboration suite.
The company reports two operating segments. The Software segment develops, supplies and sells groupware, collaboration solutions and other packaged software. The Cloud segment implements and maintains cloud-based big-data and AI-powered business automation solutions and business management platforms, and provides related cloud services. Bloomberg describes the product line as collaboration groupware and web-based workflow software that replaces paper-based systems with electronic forms and documents, supplemented by system design, development and installation consulting.
Adjacent to the enterprise software line, the company markets an IoT platform branded HANDYPIA, positioned as a global-standard, cloud-based Internet-of-Things platform for smart work, home appliances, healthcare and connected-car services. Announced products include HANDY Smart Office and HICAP (HANDY Intelligent Collaboration Assistant Platform), an AI and big-data based collaboration assistant, together with the HITalk messaging component.
Business model
The company sells packaged enterprise software and cloud subscriptions, and earns additional revenue from implementation, maintenance and consulting around those deployments. Reported segments are Software (development, supply and sale of groupware, collaboration and other packaged products) and Cloud (implementation and maintenance of cloud-based big-data and AI business automation and management platforms plus related services). System design, development and installation consulting services are also offered.
Licence and product sales of packaged collaboration software, cloud service subscriptions, and implementation/maintenance and consulting fees. Segment reporting shows the SW Business Division generating KRW 17.04B (2021), KRW 33.11B (2022), KRW 26.12B (2023) and KRW 28.37B (2024).
Traction
SW Business Division revenue moved from KRW 17.04B in 2021 to KRW 33.11B in 2022, KRW 26.12B in 2023 and KRW 28.37B in 2024. Headcount is reported at 102. The company was recruiting for cloud development, cloud operations and reliability-engineering roles in November 2023.
Latest developments
HANDYSOFT, Inc. changed its name to Polaris AI Handy Corp. In September 2025 Sewon Co., Ltd and Polaris AI Corp. completed the acquisition of a 36.8% stake from Osang Healthcare, Osang Co., Ltd., Lee Dong-hyun, Park Cho-ok and Lee Guk-rae, and the company confirmed receipt of KRW 10.000003662B in funding from Polaris AI Corp. and another investor. Leadership is listed as CEO Jun-Hee Lee, with Sang-Yeop Lee and Seung-Taek Lee as corporate officers and board members.
โธFull profile โ market position, technology, go-to-market, geography, history, risks & controversies
Market position
Classified in the Other IT Services & Consulting sector with about 102 employees and a market capitalisation of roughly $23.9M. The company positions itself as a long-standing groupware specialist with a large installed reference base after 28 years of operation.
Technology
Portal-framework-based front-end suite integrating content, collaboration, knowledge management and document management; BPM tooling that visualises business processes and integrates rules, people, organisations and systems around them; web-based workflow replacing paper forms with electronic forms and documents; cloud-hosted delivery of the collaboration suite; and AI/big-data components marketed as HICAP (HICAP v2.0 announced April 2020, HICAP and HITalk announced November 2019). The HANDYPIA IoT platform is described as based on global IoT standards and cloud infrastructure.
Go-to-market
Enterprises and public-sector organisations deploying internal collaboration, workflow and knowledge-management systems, plus customers of its IoT platform in smart work, home appliance, healthcare and connected-car segments.
Geography
Headquartered in Anyang-si, Gyeonggi-do, South Korea (41-22 Burim-ro 170 beon-gil, Dongan-gu, 14055). Revenue is overwhelmingly domestic: South Korea accounted for KRW 17.01B of 2021 sales, KRW 33.04B in 2022, KRW 26.03B in 2023 and KRW 28.36B in 2024, versus overseas sales of KRW 30.17M, KRW 73.82M, KRW 87.37M and KRW 18.56M in the same years. The company previously held a 30.94% stake in DASAN Network Solutions Japan, sold in 2019.
History
The company operated as HANDYSOFT, Inc. and describes 28 years of activity in software. It has been the subject of repeated changes in ownership and capital structure: in November 2018 K& Investment Partners and AIBIT agreed to acquire an additional 25.6% stake from Dasan Invest and Minwoo Nam for KRW 17.5B, and in January 2019 AIBIT, New Tech Invest Fund 1 and KN Global New Medicine 2nd PEF completed the purchase of a further 13.4% stake for KRW 10B. In 2019 the company raised capital from a group of investors and later from Osang Healthcare, sold its remaining 30.94% holding in DASAN Network Solutions Japan to DASAN Zhone Solutions for $0.95M, and cancelled a planned acquisition of a 32.3% stake in Mitotechnology from JSC RUSNANO that had been agreed in April 2019 for KRW 17.6B. In 2025 Sewon Co., Ltd and Polaris AI Corp. acquired a 36.8% stake from Osang Healthcare and other holders for KRW 50B, the company received KRW 10.000003662B in new funding from Polaris AI Corp. and another investor, and it changed its name to Polaris AI Handy Corp. Current major shareholders include Polaris AI Pharma Corp. (17.91%), Sewon Co., Ltd (11.94%) and Osang Healthcare (8.774%); the company itself holds 11.31% of Polaris Office Corp.
Risks & controversies
Ownership has turned over repeatedly through successive block-stake sales and capital raises. Revenue has been uneven, falling from KRW 33.11B in 2022 to KRW 26.12B in 2023 before partially recovering in 2024, and the shares were down about 52% over one year and 55% over three years as of the quoted date.
Compiled by commissioned research from 6 cited public sources โ announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed โ not independently audited.
Timeline ยท 12
launches, deals, and filingsThe company announced it had received KRW 10.000003662 billion in funding from Polaris AI Corp. and one other investor; the expected receipt had been announced on 2025-07-20.
Sewon Co., Ltd and Polaris AI Corp. completed the acquisition of a 36.8% stake in HANDYSOFT from Osang Healthcare Co., Ltd, Osang Co., Ltd., Lee Dong-hyun, Park Cho-ok and Lee Guk-rae; the deal was agreed on 2025-07-20 for KRW 50 billion.
Sewon Co., Ltd agreed to acquire a 24.04% stake in HANDYSOFT, Inc. for KRW 24.0 billion.
The company changed its corporate name from HANDYSOFT, Inc. to Polaris AI Handy Corp.
The company introduced HICAP v2.0 (HANDY Intelligent Collaboration Assistant Platform), applying AI and big-data based 'active response' technology.
The company introduced HICAP (HANDY Intelligence Collaboration Assistant Platform) and HITalk, based on AI and big-data technology.
The company announced it had received KRW 10.00364168 billion in funding from Osang Healthcare Co., Ltd; expected receipt was announced on 2019-09-26.
DASAN Zhone Solutions, Inc. (NasdaqCM: DZSI) acquired the remaining 30.94% stake in DASAN Network Solutions Japan Co., Ltd. from HANDYSOFT, Inc. for $0.95 million, completed 31 July 2019, making DZS Japan a wholly owned subsidiary.
$950K source โ
The company cancelled its planned acquisition of a 32.3% stake in Mitotechnology from JSC RUSNANO, which it had agreed on 2019-04-15 for KRW 17.6 billion.
The company announced it had received KRW 37.9999955 billion in funding from New Company Co., Ltd., Itsecret Co., Ltd., DASAN Networks, Inc. and AIBIT Co., Ltd. In November 2018 it had announced it expected KRW 49.9999955 billion from AIBIT Co., Ltd. and other investors.
AIBIT Co., Ltd, New Tech Invest Fund 1 and KN Global New Medicine 2nd PEF completed the acquisition of an additional 13.4% stake in HANDYSOFT from Dasan Invest Co., Ltd and others for KRW 10 billion.
K& Investment Partners and AIBIT Co., Ltd. agreed to acquire an additional 25.6% stake in HANDYSOFT, Inc. from Dasan Invest Co., Ltd. and Minwoo Nam for KRW 17.5 billion.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
โธResearch sources ยท 6
primary sources listed
- HandySofthandysoft.co.kr ยท web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does HandySoft do?
- Korean listed software firm, renamed Polaris AI Handy, supplying groupware, BPM and cloud/AI business automation solutions.
- Who are HandySoft's investors?
- HandySoft's investors include Atinum Investment Co. Ltd., LB Investment.