NTT DATA, MHI Form Tie-up in Information Systems

NTT DATA Corporation and Mitsubishi Heavy Industries, Ltd. (MHI) have agreed to establish a new company, to be based on the existing MHI Information Systems Co., Ltd. (MHIIS), a wholly owned MHI subsidiary, following an agreement the two parties reached earlier on a roadmap for strengthening MHIIS's functions and organization. Detailed discussions are now underway toward the new enterprise's creation.

NTT DATA is currently aiming toward further growth to the company's "Global 2nd Stage," a phase in which NTT DATA will serve both as a partner in information technology (IT) and as a business partner to customers who are seeking to transform their businesses through IT. By establishing a long-term partnership with MHI, NTT DATA is looking to significantly contribute to digitalization and globalization in the years ahead, starting with the provision of more advanced IT services.

MHI wants to tie up with NTT DATA, with its abundant track record in network services and system integration operations, in a quest to achieve more advanced IT services and stronger global response capability more swiftly and efficiently by applying NTT DATA's technological and organizational strengths. In particular, MHI is seeking to boost the formation, operation and maintenance of the MHI Group's IT infrastructure and develop its business process applications, to cope with the manufacturing industry's increasingly rapid digitalization and globalization.

NTT DATA and MHI are aiming to establish the new company effective October 1, 2017. Discussions will focus on the particulars for NTT DATA's acquisition of a majority stake in the new enterprise after MHI sets up a preparatory company and transfers MHIIS's business to the new company.