DIGITAL Hearts Co., Ltd. (hereinafterreferred to as “DIGITAL Hearts”)hasannounced that it has reached agreements with GNT Inc. and their subsidiary, GNTVN Co., Ltd. (hereinafter both referred to as “GNT Group”) to respectively forma business alliance and to create a testing company in Vietnam (hereinafterreferred to as “DIGITAL HEARTS GNT VIET NAM”).
1.Background of business alliance and foundation of joint venture company
DIGITAL Hearts is focusing on the expansion of its system testing business in which software problems are detected by creating a structure to provide high-quality services through human resources with a high degree of professionalism and testing skills.
In addition, for more than 10 years, the GNT Group has operated an offshore development business in Vietnam, where the number of engineers with advanced IT skills is increasing. Since many of its clients are Japan-based companies, GNT Group’s development hub in Vietnam has numerous engineers who are able to respond in Japanese and achieve the quality that is required in Japan.
The business alliance and foundation of a joint venture company are agreed upon with the purpose of building a structure for providing services that respond to a variety of needs from development all the way to testing, securing skilled test engineers, implementing tests with the quality required in Japan, and expanding testing capacity, all through the combination of DIGITAL Hearts’ testing expertise and the GNT Group’s knowledge and local development network.
2. Detailsof business alliance and foundation of joint venture company
(i) Through the collaboration between bothcompanies, a structure to provide comprehensive services from development tothe testing process will be established in order to win an increased number ofcontracts and large-scale contracts.
(ii) A joint venture testing company will befounded in Vietnam to secure and foster a great number of skilled testingengineers with a variety of skills and establish a testing structure that candeliver the quality required in Japan.
In order to accelerate the growth of thesystem testing business, DIGITAL HEARTS GNT VIET NAM will acquire 100 testingengineers as early as possible to enlargen its capacity for accepting ordersand to build a testing structure that can respond to a variety of testingneeds.
[Outline of joint venturecompany]
|Name||DIGITAL HEARTS GNT VIET NAM COMPANY LIMITED|
|Location||Ho Chi Minh City, Vietnam|
|Representative||Toshimitsu Kamiya (planned)|
|Start of operation||Expected May 2018|
* The names of the respective companies,their services, and their products are trademarks or registered trademarks ofthe companies concerned.