Welcome!

News Feed Item

Mitsubishi Corporation and Tata Consultancy Services Merge Subsidiaries to Form New IT Services Joint Venture

Tokyo, Apr 21, 2014 - (JCN Newswire) - Mitsubishi Corporation (MC) and Tata Consultancy Services (TCS) have reached an agreement to establish a new IT services company through the merger of three subsidiaries. The merger will combine MC Group IT service provider IT Frontier Corporation (ITF), Tata Consultancy Services Japan Limited (the Japanese arm of TCS), and Nippon TCS Solution Center Limited (NTSC), a joint venture between MC and TCS Japan. TCS and MC will each contribute 51% and 49% of initial investment capital for the new company, respectively, with operations scheduled to start on July 1, 2014, with headquarters in Tokyo. The venture will serve to deepen the collaborative framework between both companies as they pool their individual capacities to create synergies that deliver improved customer service and achieve sustainable growth.

By combining the customer service strengths and knowledge of the Japanese market developed by MC and ITF with the competitively priced IT services offered globally by TCS, the new company will make a contribution to upgrading the quality of IT services in Japan and improving its global competitiveness. In so doing, the new company will not only expand its presence in the Japanese market, but will also seek to provide speedy and efficient IT services that strengthen the capacities of Japanese companies to launch operations overseas. The new venture will also bolster the IT support structure for MC Group offices and subsidiaries worldwide by providing the upgraded and expanded IT platforms that are necessary for facilitating business development.

As an MC Group IT services firm, ITF has drawn on expertise developed from working with MC Group clients to provide services to a range of other Japanese enterprises. Japanese companies, including MC Group companies, have been rapidly increasing their overseas business activities in recent years and consequently, the need for competitive global IT support services and networks has also rapidly grown. The launch of this new venture will serve to strengthen the capacity of MC and ITF to more adequately respond to such needs.

As India's largest global IT firm, with a global presence in 46 countries, TCS applies its unique Global Network Delivery Model to provide highly competitive, high-quality services to customers. This TCS-MC partnership will, by way of the new company, seek to expand the Japanese market, while at the same time contributing to upgrading Japan's IT services and strengthening its competitiveness.

Global Network Delivery Model: This optimal model provides a framework in which TCS customers may obtain the services best suited to their needs without limitations based on location, language, culture, time and other barriers or those emanating from unforeseen disruptions such as disasters or unrest by accessing the services available through TCS's offshore network, located mainly in India, but integrated with TCS's near-shore service centers around the globe. Through this model, customers can be assured of the highest quality, but at minimum cost.

COMPANY PROFILES

1. About Tata Consultancy Services Limited

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering, and assurance services. This is delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata Group, India's largest industrial conglomerate, TCS has over 300,000 of the world's best trained consultants in 46 countries. The company generated consolidated revenues of US $ 13.4 billion for year ended 31 March, 2014 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com

Tata Consultancy Services, Ltd.

(1) Headquarters: TCS House, Raveline Street, Fort, Mumbai 400 001

(2) Business Activities: IT consulting, system architecture and operation, and other IT services

(3) No. of Employees: 300,000 (as of April, 2014)

(4) Representative: N. Chandrasekaran, CEO

2. About Mitsubishi Corporation

Mitsubishi Corporation (MC) is a global business enterprise that develops and operates business in wide range of industries. MC has over 200 offices and subsidiaries in approximately 90 countries worldwide and a network of over 600 group companies; MC employs a multinational workforce of over 65,000 people. MC develops operations in diverse fields through seven Business Groups, namely: Global Environmental & Infrastructure; Industrial Finance, Logistics & Development; Energy; Metals; Machinery; Chemicals; and Living Essentials. In addition to these Business Groups, MC has also recently established a Business Service Group. For information, please visit our website: www.mitsubishicorp.com

Mitsubishi Corporation (MC)

(1) Head Office: 3-1, Marunouchi 2-Chome, Chiyoda-Ku, Tokyo 100-8086, Japan

(2) Date Established: April 1950

(3) Capital: JPY 204 billion

(4) No. of Employees: 65,975 (consolidated, as of March 31, 2013)

(5) Representative: Ken Kobayashi, President and CEO

3. About Nippon TCS Solution Center Limited (NTSC)

Nippon TCS Solution Center (NRSC) is a joint venture launched in 2012 between Mitsubishi Corporation (MC) and Tata Consulting Services (TCS) Japan. As TCS's near-shore delivery center in Japan, NTSC combines MC's unrivaled local market presence with TCS's exemplary global IT domain knowledge to offers a wide range of specialized IT services to meet the needs of Japanese corporations.

Nippon TCS Solution Center Limited

(1) Headquarters: Shinakoen 4-1-1, Minato-ku, Tokyo 105-0011, Japan

(2) Date Established: January 2012

(3) Business Activities: IT infrastructure outsourcing; business process outsourcing (BPO); system integration; applications development; maintenance and operation; and engineering services

(4) Capital: 350 million yen

(5) Investment Ratio: Tata Consultancy Services (TCS) Japan, 60%; Mitsubishi Corporation, 40%

(6) Representative: Kamala Kannan, Representative Director

About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.



Source: Mitsubishi Corporation

Contact:
Mitsubishi Corporation
Telephone:+81 3 3210 2171 
Facsimile:+81 3 5252 7705



Copyright 2014 JCN Newswire. All rights reserved. www.japancorp.net

More Stories By JCN Newswire

Copyright 2008 JCN Newswire. All rights reserved. Republication or redistribution of JCN Newswire content is expressly prohibited without the prior written consent of JCN Newswire. JCN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...