TIS Inc., a member of the TIS INTEC Group, announces that it has entered into a capital and business alliance with NTQ SOLUTION JOINT STOCK COMPANY, a top-class IT service provider locally in Vietnam, on December 23, 2024, making NTQ an equity-method affiliate.
NTQ was established in Hanoi, Vietnam in 2011 and is one of Vietnam’s leading IT service providers with offices in Vietnam, Japan, Korea, Hong Kong, North America and Europe, employing more than 1,300 people. Its wide-ranging service lineup includes software contract development, system integration and system engineering services, and in recent years has expanded to include IT consulting, AI-based solutions, and IoT and smart device development. The company also focuses on research and development (R&D), developing advanced technologies to realize a sustainable society. NTQ has earned the trust of more than 350 global clients, including Japanese companies.
TIS has set Asia, with its enormous market potential, as a long-term target in its global strategy, aiming to expand its business in ASEAN and achieve consolidated sales of 100 billion yen by fiscal year 2026. As part of this initiative, the company is working to partner with leading global companies along four axes: channels for expanding local markets, cross-technology for creating new businesses and services, emerging technology for developing next-generation technologies, and consulting for expanding the value chain from upstream. The company is expanding its business with a sense of speed by promoting high added value in its business through the fusion of consulting and IT, and by enhancing its technology investment functions.
With a view to further strengthening its global business, the company has now entered into a capital and business alliance with NTQ, a company that is expanding its global presence from its base in Vietnam, a country experiencing remarkable growth in the ASEAN region.
Through this capital and business alliance, TIS and NTQ will aim to create new business opportunities in both Vietnam and Japan, jointly develop businesses in overseas markets, and provide IT support to the global bases of their clients. In addition, they will focus on the joint development of advanced IT services, primarily software-driven solutions, and aim to maximize the value they provide to customers and further grow their businesses, including by investing in start-up companies.
Additionally, the two companies will promote collaboration through the mutual exchange of personnel and other means, while also sharing know-how on development technologies and quality and productivity improvements.
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