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Publish Date : 23-Apr-2014

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.

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