What NTELS does

NTELS Co., Ltd. (KOSDAQ: 069410) is a Seoul-based, Gangnam-headquartered provider of AI Transformation (AX) and IT infrastructure software founded in July 2000 and listed on KOSDAQ in June 2007. As of December 31, 2025, the company employed approximately 223 people, with the bulk (reportedly ~85%) in R&D, supported by a dedicated ntels Labs R&D subsidiary and the NCOMZ AR/metaverse subsidiary. Its core customers are Korean and overseas telecommunications operators, utilities, and public-sector broadcasters, with the company claiming 300+ clients and 4,000+ projects delivered.

The company's product portfolio spans a proprietary PostgreSQL-based DBMS called TarzanDB, an AX Billing Solution distributed as SaaS on AWS Marketplace, an AI Infrastructure Solution for GPU resource management, a Traffic Management / network security solution, a 6G and Satellite Network Management Solution, an AI Data Integration Platform, a Smart Manufacturing AX Platform, a Cloud Resources Optimization Service, a Telco Infrastructure AX Service (including NWDAF predictive analytics and anomaly detection), and the N-MAS IoT Platform. TarzanDB and N-MAS IoT carry GS Grade 1 certification, and in August 2025 NTELS received the 'AI Factory Expert Company' designation from Korea's Ministry of Trade, Industry and Energy (MOTIE), alongside ISO 9001 and ISO 45001 certifications.

NTELS makes money through a mix of project-based BSS/OSS deployments, on-premise enterprise software licenses for its DBMS and network management products, a growing SaaS / usage-based revenue stream via AWS Marketplace (anchored by AX Billing), and overseas project revenue from deployments such as the Uzbekistan national power grid modernization (with KEPCO/KEPRI) and the CelcomDigi Malaysia account. Reported financials indicate a V-shaped revenue trajectory, declining from approximately KRW 48.3B in 2021 to a trough of ~KRW 32.4B in 2024 before recovering to ~KRW 46.3B in 2025. The recent strategic emphasis on certifications, SaaS distribution, AI-native products, and overseas expansion is intended to broaden the customer base, reduce concentration risk on the SK Group ecosystem, and shift the revenue mix toward higher-margin recurring software.

Name

NTELS

Legal name

ntels Co., Ltd.

Website

https://ntels.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

NTELS Co., Ltd. (KOSDAQ: 069410) is a Seoul-based, 223-employee Korean IT vendor founded in 2000 that builds AI Transformation software and IT infrastructure products — including the proprietary TarzanDB PostgreSQL-based DBMS, AX Billing SaaS on AWS, AI Infrastructure GPU management, and 6G/satellite network management — primarily for telecommunications operators, utilities, and public-sector broadcasters in Korea and select overseas markets.

Ownership category

akta.pro rank

Product category

Enterprise Database & AI Platforms

NAICS

Custom Computer Programming Services (541511), Computer Systems Design Services (541512), Software Publishers (5132)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)

akta.pro primary industry

AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI) (HDAEANAI)

akta.pro secondary industries

AI/ML Engineering & Model Development Services (BPAEAHAF), Virtualized Security & SASE for Telco Networks (vFW, vDDoS, vSEC, Secure Edge) (HDAIAIAK), LLMOps & Generative AI Platforms (Prompt/Agent Orchestration, RAG) (HDAEANAD)

Keywords

• Enterprise database software
• AI transformation services
• Telecom network solutions
• Multi-cloud management
• Smart manufacturing AI

Headquarters

HQ city

Gangneung

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. TarzanDB Database Licensing and Support: Enterprise-grade PostgreSQL-based database management solution with licensing and 24×365 technical support. Revenue from software licenses, annual maintenance contracts, and professional services for migration and optimization.
2. AX Billing Solution (SaaS): AWS-based cloud-native billing and monetization platform delivered as SaaS with usage-based OPEX pricing. Zero upfront CAPEX model supporting global business with rational, usage-based operational expenses.
3. Telco Infrastructure AX Services: Network management, charging, and policy control solutions for telecommunications operators including disaster communications (MCPTX) and 5G/6G infrastructure services.
4. Smart Manufacturing AX Platform: AI-powered manufacturing platform for predictive quality, prescriptive maintenance, and autonomous operations. Government-certified AI Factory Specialist offering.
5. Cloud Resources Optimization Services: Multi-cloud management platform (CMP) with strategy, design, migration, and managed services. Industry-tailored solutions for finance, manufacturing, and public sector.
6. AI Data Integration Platform: Data ingestion, storage, analysis, and portal solutions for enterprises seeking data-driven decision making. Modular architecture for flexible adoption.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

NTELS develops and sells enterprise-grade AI Transformation (AX) software and platforms, anchored by TarzanDB, a proprietary PostgreSQL-based database management system, and complemented by AX Billing Solution, Smart Manufacturing AX Platform, AI Data Integration Platform, AI Infrastructure Solution, and Telco Infrastructure AX services. The company delivers multi-cloud management, network traffic and 6G/satellite orchestration, GPU resource optimization, and AI-powered manufacturing solutions to telecommunications operators, financial institutions, manufacturers, and public-sector clients.

Product overview

NTELS offers a comprehensive AI Transformation (AX) portfolio comprising core solutions, platforms, and services. The product lineup includes TarzanDB (next-generation PostgreSQL-based database), AX Billing Solution (AI-driven revenue operations), AI Infrastructure Solution (GPU resource management), Traffic Management Solution (network security), and 6G & Satellite Network Management Solution. These solutions are supported by two key platforms: AI Data Integration Platform (modular data ingestion and analytics) and Smart Manufacturing AX Platform (manufacturing AI with edge deployment). Services include Cloud Resources Optimization Service (multi-cloud management) and Telco Infrastructure AX Service (telecom network transformation). The company also offers N-MAS IoT platform. The architecture combines AI capabilities across all offerings, from predictive analytics and anomaly detection to autonomous operations and optimization, unified under the AX branding.

Differentiator

Problem solved

Functional benefit

Brands

• TarzanDB: Next-generation Korean DBMS solution built on PostgreSQL, combining open-source flexibility with enterprise-grade stability. Features query acceleration, high availability, performance monitoring, and vacuum management.
• N-MAS

Products and services

• TarzanDB Next-generation Korean DBMS built on PostgreSQL with query acceleration, AI-powered automation, high availability with auto fail-over, performance and statistics monitoring, and vacuum monitoring. GS Grade 1 certified with 24x365 Korean engineering support. Targets public, financial, and enterprise sectors.
• AX Billing Solution AI-driven autonomous revenue operations platform supporting subscription, one-time, and pay-per-use billing models with real-time billing, AI-driven pricing, cross-border tax/currency handling, and revenue prediction. Delivered as SaaS via AWS.
• AI Infrastructure Solution GPU resource management platform for AI and HPC workloads, supporting heterogeneous computing (NVIDIA, Intel, AMD, NPUs, FPGAs), GPU virtualization, high-speed InfiniBand networking, and bare-metal performance with security isolation.
• Traffic Management Solution Wired and wireless network traffic management with AI anomaly detection, TPO-based security policies, and Zero Trust architecture. Features L7 analysis for 3,500+ apps, unified monitoring dashboard, and global edge security.
• 6G & Satellite Network Management Solution Integrated orchestration platform unifying terrestrial 5G and satellite (LEO) networks with AI-powered monitoring, autonomous network operations, and multi-operator settlement for global coverage.
• AI Data Integration Platform Modular data platform for IoT and enterprise data with streaming and batch ingestion, ETL automation, analytics, and API gateway for cross-department data sharing. Features auto-labeling, predictive business insight, and data democratization.
• Smart Manufacturing AX Platform Government-certified AI Factory platform for manufacturing with multimodal AI combining vision and sensor data, edge AI for real-time decisions, and MLOps automation. Features anomaly detection, quality prediction, and prescriptive maintenance.
• Cloud Resources Optimization Service SaaS-based multi-cloud management platform (CMP) providing autonomous operations, AI-powered fault prevention, auto-scaling, hyper-automation via IaC, and FinOps cost optimization for hybrid/multi-cloud environments.
• Telco Infrastructure AX Service Network transformation service for telecom infrastructure with container-based architectures, NWDAF-based AI analytics, MCPTX disaster communications, and zero-touch operations for 6G readiness.
• N-MAS IoT Platform IoT platform for data collection and processing, designed to evolve into AI solutions via MLOps and big data analysis. GS certified for quality, functionality, performance, usability, reliability and security.

Quantifiable outcome

• High-quality data preprocessing improves AI model performance by up to 50%
• +5 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability28 records

Feature16 records

Partnerships

23 partnerships are on record, tiered flagship, core, minor, regional, government and strategic.

• SK TelecomflagshipStrategic or Co-development PartnerLong-standing strategic partner for telecommunications solutions including ATSC 3.0 media edge platform (KRW 480 million deal), Smart Shelf Platform, charging systems, and integrated settlement systems. SK Telecom awarded NTELS Best Partnership Award in 2022.
• CASTcoreStrategic or Co-development PartnerCollaboration partner alongside SK Telecom for ATSC 3.0-compliant media edge platform development for next-generation converged media services.
• Samsung ElectronicscoreTechnology or IntegrationMajor technology partner for smart manufacturing and semiconductor industry solutions. Listed as trusted partner and reference customer.
• LG CNScoreTechnology or IntegrationStrategic IT services partner for enterprise solutions integration and digital transformation projects.
• Korea Electric Power Corporation (KEPCO)coreStrategic or Co-development PartnerCollaborated on EV charging platform and e-IoT platform for electrical infrastructure monitoring. Platform integrated with KEPCO's charging station operating system.
• Korea Electric Power Research Institute (KEPRI)coreStrategic or Co-development PartnerJoint development of Open Standard-based Electric Vehicle Charging Platform compliant with OCPP1.6 and OCPP2.0 protocols.
• Korea Electronics Technology InstitutecoreTechnology or IntegrationResearch and technology partnership in electronics and communications technology development.
• SK Inc.coreStrategic or Co-development PartnerParent/affiliate company supporting strategic business initiatives and investments.
• AWS (Amazon Web Services)coreTechnology or IntegrationAWS partnership-based SaaS Billing solution enabling cloud-native architecture. IPP monitoring system uses AWS Cloud infrastructure.
• SK BroadbandcoreStrategic or Co-development PartnerStrategic partner awarded NTELS recognition as Outstanding ESG Management Partner in 2025.
• SK PlanetminorChannel Partner/ Reseller/ DistributorDigital platform partner for distribution and service delivery.
• Korea TelecomcoreStrategic or Co-development PartnerMajor telecommunications partner for network and infrastructure solutions.
• CelcomDigi MalaysiaregionalStrategic or Co-development PartnerInternational telecommunications partner representing regional expansion in Southeast Asia.
• Ministry of JusticegovernmentStrategic or Co-development PartnerGovernment partner for justice sector digital transformation projects.
• Korea Research Institute for Vocational Education and TraininggovernmentStrategic or Co-development PartnerResearch partnership for vocational education and training technology solutions.
• Cisco SystemscoreTechnology or IntegrationGlobal technology partner for networking and communications infrastructure integration.
• Oracle CorporationcoreTechnology or IntegrationDatabase technology partner. NTELS achieved first adoption of Oracle Exadata in Asia and offers TarzanDB as alternative to Oracle databases.
• IntelcoreTechnology or IntegrationTechnology partner for GPU virtualization, processors, and AI infrastructure solutions.
• IBMcoreTechnology or IntegrationEnterprise technology partner for systems integration and solutions.
• Samsung SDScoreTechnology or IntegrationIT services partner for enterprise solutions and digital transformation.
• Planty NetminorChannel Partner/ Reseller/ DistributorPartner for distribution and service delivery.
• Haksan PublishingstrategicStrategic or Co-development PartnerStrategic MOU signed between NCOMZ (NTELS subsidiary) and Haksan Publishing for metaverse content creation and distribution leveraging webtoons and web novels intellectual property.
• NCOMZcoreOthersNTELS subsidiary specializing in AR and metaverse solutions. Has conducted projects with SK Telecom and Samsung Electronics. Signed MOU with Haksan Publishing for metaverse content collaboration.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• TmaxSoft: Korean enterprise software company best known for its proprietary Tmax database (RDBMS) and application server products. Most directly comparable to NTELS as another Korean DBMS vendor competing in the same KRW 200B domestic RDBMS market and targeting Oracle replacements in financial and public-sector accounts.
• EnterpriseDB: US-based PostgreSQL-focused enterprise database company offering Postgres-based DBMS, migration tools, and 24x7 support. Most directly comparable to NTELS' TarzanDB offering from a product, pricing, and Oracle-replacement standpoint, and a key benchmark for TarzanDB's international expansion potential.
• Altibase: Korean in-memory hybrid DBMS vendor with global enterprise customers in telecom, finance, and manufacturing. Highly comparable to NTELS given its proprietary database, telecom-focused GTM, and competing positioning versus Oracle in Korean and Asian accounts.
• Bespin Global: Korean multi-cloud management and managed services provider (CSP) with global operations and strong FinOps/CloudOps capabilities. Directly comparable to NTELS' Cloud Resources Optimization Service, competing for the same Korean enterprise multi-cloud modernization wallet.

Emerging players

• Coupang Eats (Coupang Play / vertical AI adjacencies) — replaced with: Palantir Technologies: Global enterprise data analytics and AI platform with deep government and industrial deployments. Comparable to NTELS' AI Data Integration Platform and Smart Manufacturing AX Platform, both of which target enterprise and public-sector AI/data use cases with comparable Foundry/AIP-style positioning.
• MongoDB: Global document/NoSQL database company with enterprise developer-focused GTM. Comparable to NTELS' TarzanDB as a next-generation alternative to legacy proprietary databases, though serving different data models and geographies; both target enterprise modernization away from Oracle/SQL Server.

Broad incumbents

• LG CNS: Korean IT services arm of LG Group offering cloud, smart factory, ERP, and digital transformation services. Comparable to NTELS as both a named NTELS partner and a broad incumbent Korean IT services competitor serving finance, manufacturing, and public-sector accounts.
• Samsung SDS: Large Korean IT services and cloud subsidiary of Samsung Group, offering cloud (Samsung Cloud Platform), ERP, blockchain, and digital transformation services. Comparable as a Korean SI competitor and also named NTELS partner; represents the kind of scaled incumbent NTELS competes with for enterprise and conglomerate accounts.
• Oracle: Global database, cloud, and enterprise applications giant. Highly relevant incumbent that NTELS' TarzanDB is positioned against (and partnered with via oracle_fdw integration). Comparable as both a competitor and an integration partner, defining the TAM against which TarzanDB must win Oracle-replacement deals.

Regional players

• NHN Cloud: Korean cloud and AI services provider offering public cloud, game, payment, and AI platforms. Comparable to NTELS' cloud and AI platform offerings, though NTELS is more telecom/manufacturing-focused while NHN Cloud targets broader enterprise and gaming verticals.

Market position

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ntels
• LinkedInlinkedin.com/company/ntels

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NTELS