[Edaily Reporter Kim Hyung-il ] TOMATOSYSTEM Co.,Ltd.(393210), an artificial intelligence (AI) software and digital healthcare company, announced on the 13th that it continued to post an operating profit in the third quarter, driven by growth in its enterprise resource planning (ERP) and user interface (UI/UX) platform businesses for universities.
TOMATOSYSTEM Co.,Ltd. CI. (Photo courtesy of TOMATOSYSTEM Co.,Ltd.)
TOMATOSYSTEM Co.,Ltd.’s consolidated revenue for the third quarter was 8 billion won, a 14.3% increase compared to the same period last year. Operating profit stood at 900 million won. Cumulative revenue and operating profit for the first three quarters totaled 24.7 billion won and 1.2 billion won, respectively.
This improvement in performance was driven by next-generation IT projects at universities, ongoing projects in the public, financial, and corporate sectors, and the expanded supply of its proprietary user interface (UI) and user experience (UX) development platform, “eXBuilder6.”
The university ERP business has established itself as a major revenue source. As demand continues for the replacement of aging information systems at universities and the digital transformation of academic and administrative operations, projects to build next-generation integrated information systems are expanding. Building on its experience serving more than 100 university clients in Korea, TOMATOSYSTEM Co.,Ltd. is expanding its business in the university IT market.
The UI/UX platform business is also broadening its scope to include both the public and private sectors. The company has supplied eXBuilder6 for DaewooEngineering&Construction’s business platform “Barocon,” HeungkukFire&MarineInsurance’s next-generation system “NextCore,” and the National Health Insurance Service’s integrated collection system project. The company explains that it is strengthening the foundation of its platform business by securing implementation cases in key systems across the financial, public, and construction sectors.
The company is also pursuing the advancement of its products by integrating AI technology. “eXBuilder6 AIGen,” a generative AI-based UI auto-generation solution, automatically generates UI screens and source code based on natural language and images. Through this, TOMATOSYSTEM Co.,Ltd. plans to support shorter development cycles and improved productivity, while expanding its business scope from the existing UI/UX development market into the AI-based development automation market.
Its U.S. digital healthcare business is also nearing commercialization. MedCare Partners Health Plan Texas (MCP TX), in which TOMATOSYSTEM Co.,Ltd. and its U.S. subsidiary CyberMDCare have invested, has received final approval for its insurance operations for next year from the U.S. Centers for Medicare & Medicaid Services (CMS). It is set to launch insurance services in January 2027.
TOMATOSYSTEM Co.,Ltd. is supplying operational systems for this insurance company, including an agent management system and an insurance application portal. Building on this, the company is also advancing its “NOVA” digital healthcare platform, which supports integrated health information management, healthcare professionals’ health management and clinical decision-making, and insurance claims processing. Currently, it is conducting a pilot service targeting the U.S. Independent Practitioners Association (IPA) and plans to expand its scope to include insurance companies and medical institutions in the future.
A TOMATOSYSTEM Co.,Ltd. official stated, “In the third quarter, our major businesses—centered on university ERP and UI/UX platforms—generated stable results, allowing us to maintain revenue growth and a trend of operating profit in the black.” The official added, “While strengthening the profitability and technological competitiveness of our existing core businesses, we will solidify our foundation for mid- to long-term growth through the advancement of AI solutions and the commercialization of our U.S. digital healthcare business.”
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