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.
P>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.
About NTT DATA
As Japan's largest system integrator, NTT DATA serves a pioneering role in the information services industry. Building computer network systems that demand high reliability nationwide, the company supports the basis of social and the economic activities. In the expanding corporate information communications field, NTT DATA backs corporate activities with its advanced system development capabilities. NTT DATA delivers optimal solutions with the development of state-of-the-art network systems and services in tune with the latest advancements in multimedia.
About Trend Micro
Trend Micro provides centrally controlled server-based virus protection and content-filtering products and services. By protecting information that flows through Internet gateways, email servers, and file servers, Trend Micro allows companies worldwide to stop viruses and other malicious code from a central point before they ever reach the desktop. Trend Micro's corporate headquarters is located in Tokyo, Japan, with 11 subsidiaries worldwide. Trend Micro's products are sold directly and through a network of corporate and value-added resellers and managed service providers.