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
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...