Singapore, 29 October 1999 - Five technology companies will participate in a joint venture to provide enterprises with comprehensive network security services. The new company - NTT Data Security Corporation - will be founded in November 1999.
NTT Data Security will be dedicated to providing comprehensive support services, tailored to customer requirements. Joint development efforts will create the basis to deliver highly flexible security solutions both through customised as well as completely new developmental efforts. This unique approach of integrating each vendor's technology into the development process of information system security will be an industry first.
The initial capital of the new company will be approximately $3 million USD:
· 64% owned by NTT Data (JAPAN TSE: 9613)
· 20% by Trend Micro (NASDAQ: TMIC, Japan OTC: 4704)
· 10% by Hitachi (JAPAN TSE: 6501)
· 3% by Cisco Systems Japan, a subsidiary of Cisco Systems (NASDAQ: CSCO)
· 3% by S&T Consulting
"By bringing together the best available network security technology and expertise, NTT Data Security will aim to provide enterprise customers with the ultimate security solutions," said Steve Chang, Trend Micro's chairman and CEO.
The participants in the joint venture all have extensive network security expertise. System integrator NTT Data is active in network security services and will play a key role in the new company. Trend Micro will contribute its antivirus and Internet security expertise. Electronics vendor Hitachi will supply the standardization of information system security in areas such as PKI (public key infrastructure). Internet networking leader Cisco Systems will contribute its extensive networking know-how, including the management of secure routers and firewalls.
With the increased importance of information systems in corporate environments, coupled with the explosive growth of the Internet and B2B transactions, enterprise security systems have become indispensable.
The joint venture will be headed by Tatsuhiko Hamazaki, senior executive manager of NTT Data's Network Computing Division of the Advanced Information Network Services Sector.