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Home News Business

OKI and FPT Forge Strategic Capital Alliance to Enhance Global Collaboration

News Desk by News Desk
December 26, 2024
OKI FPT

Takahiro Mori, Representative Director and CEO, OKI (L) and Do Van Khac, FPT Software SEVP and FPT Japan CEO, FPT Corporation (R)

OKI has officially partnered with FPT Corporation, leveraging its subsidiary FPT Japan to establish a strategic capital alliance involving partial ownership of OKI’s two software development subsidiaries in China.

This collaboration aims to bolster software development capacities and facilitate expansive growth initiatives for both entities. Effective April 1, 2025, Oki Data Dalian Co., Ltd. and OKI Software Technology Co., Ltd. will be rebranded to FPT OKI Dalian Limited Liability Company and FPT OKI Changzhou Limited Liability Company, respectively.

Under this new agreement, FPT Japan will hold a 65% equity stake, while OKI will retain 35%. This initiative aligns with OKI’s business Plan 2025. This would integrate FPT’s rich global outreach and high tech capabilities with OKI’s deep industrial experience in social infrastructure. As such, this partnership would aim to offer highly sophisticated software products tailored to the international market, which will start focusing on Japan, China, and the ASEAN region. The joint ventures will focus on innovative, high-efficiency business models that benefit from FPT’s AI-enhanced ecosystem, promoting business continuity, risk management, and sustainable growth.

“2024 will be a pivotal year for FPT in the Japanese market, catalyzed by substantial contracts, strategic investments, and new office openings. Our alliance with OKI represents a mutual dedication to harnessing technology as a catalyst for transformative business solutions and societal progress,” stated Do Van Khac, SEVP of FPT Software and CEO of FPT Japan, FPT Corporation.

Also Read: FPT and RWE Sign 5-Year Agreement for Innovation and Sustainability

“This collaboration initiates FPT’s continuous support for accelerating overseas operations as delineated in OKI’s Medium-Term Business Plan 2025, paving the way for significant global expansion. By synergizing OKI’s market insights with FPT’s technological acumen and extensive experience in executing large-scale projects, we are strategically positioned to deliver pioneering solutions that meet the dynamic needs of the market, enabling organizations across diverse sectors to achieve operational excellence and enhanced agility,” he added.

Having established a significant presence in Japan over nearly two decades, FPT is now one of the largest foreign technology firms in the region in terms of human capital. The company provides services and solutions to over 450 international clients, employing 4,000 professionals across 17 offices and innovation hubs in Japan, supported by an additional 15,000 personnel dedicated to these operations worldwide. Leveraging its stronghold in Japan and global resources, FPT has also launched an office in Dalian, China, aimed at extending comprehensive support and digital solutions to regional clients and numerous Japanese firms operating within that market.

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News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

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