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Marubeni Corp announces strategic alliance with Nomura Research Institute Ltd

Sunday, 16 Feb 2014 07:00pm EST 

Marubeni Corp and Nomura Research Institute Ltd:Entered into an agreement of equity and business alliances on Feb. 14, regarding joint business operations of Marubeni’s new subsidiary Marubeni IT Solutions Inc. (New Co.) in the IT services sector.Marubeni Information Systems Co., Ltd. (MSYS), a wholly owned subsidiary of Marubeni Corp, will split its current IT solutions businesses by allocating its system development and enhancement businesses to New Co. on April 1.New Co. will distribute 20 pct of new shares to Nomura Research Institute (NRI) in April, and be a joint venture company by and among Marubeni, NRI and MSYS.The New Co. will be engaged in system planning, design and development, system integration, software and hardware sales business in Tokyo, capitalized at 410 mln yen.Marubeni, MSYS and NRI will hold 46 pct, 34 pct and 20 pct respectively in the joint venture.