|Itochu Techno Science, Japan's Leading Computer Distributor, Invests in Nettech Systems|
Posted: 15-Dec-1999 [Source: PRNewswire]
["Provides Nettech With Strong Partnership and Distribution Channel Into One of the World's Most Advanced Wireless Markets."
PRINCETON, N.J. -- "Nettech Systems, Inc., the leading provider of mobile middleware, today announced that Itochu Techno Science (CTC), Japan's leading distributor of state-of-the-art computer systems, has made a financial investment in the company. Nettech also announced it has acquired the assets of MobileWare, a CTC division that offers innovative mobile middleware offerings that complement its own. Financial details of the two transactions were not disclosed.
"The announcements follow fewer than three months after Nettech and CTC announced that CTC would exclusively distribute Nettech's wireless middleware in Japan, one of the world's most advanced wireless markets. Together, these announcements represent a strong partnership through which Nettech will develop and market products for the Japanese market. Nettech's success in Japan will enable it to deliver superior products for the emerging United States market.
"Today's announcements strengthen our market position and cement a strong relationship with CTC that originated when CTC first approached us about distributing our products in Japan," said Boris Fridman, CEO of Nettech Systems. "With CTC's strong endorsement, we are now well positioned for success in the Japanese wireless market, which is already years ahead of the U.S."
"In addition," Fridman noted, "the acquisition enables Nettech to leverage MobileWare's knowledgeable development staff and incorporate their complementary technologies into future product offerings. The resulting efforts will help round out a product vision in which advanced agent-based services drive the mobile communications explosion."
"Nettech middleware enables anytime, anywhere-mobile access to Internet and enterprise data from any device. Its products are used by enterprise developers, software vendors, and Internet service providers to quickly and easily develop and deploy mobile data applications and services.
"About Itochu Techno Science's CTC Group (www.ctc-g.co.jp)
"CTC Group, a leading provider of total computing solutions in Japan and the Asia/Pacific area, offers Nettech's wireless solution products as part of their Smart Computing Enterprise Solution. Founded in 1972, the CTC Group provides total solutions with NT, UNIX, and networking products for approximately 30,000 corporate clients worldwide in industries including telecommunications, service, finance, distribution and manufacturing, as well as systems for governmental, educational, and medical use. Over the last two years CTC has been the number one provider of Sun Microsystems products worldwide, and the number one provider in Japan of products from Oracle, Sybase, Netscape, and Cisco Systems. CTC operates more than 70 branches with over 2,500 employees throughout Japan. They provide services ranging from consultation to system development, post-delivery operations, maintenance, support, training, and outsourcing, 24 hours a day, 365 days a year.
About Nettech Systems (www.NettechRF.com)
"Nettech Systems, Inc. the leading worldwide supplier of mobile middleware that enables developers to quickly and easily extend their enterprise applications to run over a variety of wireless devices including pagers, personal assistants, handheld devices, palmtops, laptops and WAP phones. Nettech has established a worldwide customer base of over 500 companies, representing the leading share of mobile applications. Nettech also offers the wireless data industry's premier Developer Program and Professional Services Division, designed to accelerate the development and deployment of mobile applications. Based in Princeton, New Jersey, Nettech Systems can be contacted at 609-734-0300 or by fax at 609-734-0346.
All names are either trademarks or registered trademarks of their respective companies.
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