Nomura Research Institute, Ltd. : New alliance to enhance IT-related services in Southeast Asia - To cope with market expansion by acquisition of shares in a company in Singapore -
December 18, 2012 at 12:38 pm IST
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Tokyo--Nomura Research Institute, Ltd. (NRI) [Tokyo:4307] a leading provider of consulting services and system solutions, has agreed with MindWave Solutions Pte. Ltd. (MindWave, headquartered at Singapore, Chairman Vinod Menon) to enter into a business alliance through shares acquisition, via its group company, Nomura Research Institute Asia Pacific (NRI APAC), headquartered at Singapore.
The alliance aims to provide high quality services by both partners for the expanding Southeast Asian market where diversified customer needs for IT-related services are emerging.
To establish a strong alliance through the capital injection into and appointment of a part-time director to MindWave
NRI APAC will acquire 9.1% of MindWave's paid-up capital. Also, it will delegate a part-time director from NRI APAC. Both companies'added value improvement will be attained through these measures. Enhanced IT-related services will be provided to the customers by mobilizing the partners'specialties as well as their strengths.
To offer diversified and high quality IT-related services, covering a wide area of the Asian market.
MindWave, established in 2005, has mainly been engaged in IT-related services for corporate customers in the Asia Pacific region, and conducts business activities in seven countries there. The company was ranked among the "Fastest Growing 50 in Singapore 2012"*1 and its continuous growth is expected.
Shigeki Higashiyama, Corporate Vice President of NRI, Division Manager of the China & Asian Region Division of NRI, and Chairman of NRI APAC said, "NRI will seriously aim to be a provider of higher quality IT-related services, in the face of diversified local needs emerging with the expanding presence of Japanese companies in the Southeast Asian market, by establishing a cooperative structure with MindWave and leveraging our own accumulated experience for IT-related services in the region."
Note*1 A survey conducted by the DP Information Group to rank the rapidly growing companies in Singapore.
Nomura Research Institute, Ltd. is a Japan-based company mainly engaged in the consulting services business. The Company operates in four segments. The Consulting segment is engaged in the provision of management consulting services, as well as information technology (IT) management services and other system consulting services. The Financial IT Solution segment is engaged in the provision of system consulting, development, operation services and other IT solutions to customers in securities, insurance and banking industries. The Industrial IT Solution segment is engaged in the provision of system consulting, development, operation services and other IT solutions to customers in distribution, manufacturing, service industries and public. The IT Infrastructure Service segment is engaged in the operation and management of data centers, the construction of IT infrastructure and networks, the provision of IT solutions and information security services, as well as the research business.
Nomura Research Institute, Ltd. : New alliance to enhance IT-related services in Southeast Asia - To cope with market expansion by acquisition of shares in a company in Singapore -
NOMURA RESEARCH INSTITUTE, LTD. 
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