CIS Corporation and Sony Corporation establish a joint venture for management consulting business, providing consulting services that integrate globally applicable business models, business methods, and IT strategies for the broadband era.
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July 16, 2001
CIS Corporation and Sony Corporation have agreed to establish a joint venture, GENCIS Consulting Inc., for the purpose of conducting consulting business. The new company is scheduled to be incorporated on July 23rd of this year and begin operations on August 1st.
The new company will develop a new "integrated consulting business for management and IT strategies" in preparation for the full arrival of the broadband and mobile era. The traditional consulting industry has tended to be biased towards either management consulting or system consulting. The new company will provide the most effective and high-value-added consulting services by fusing at a high level both the management strategy as the original "purpose" of the company and the IT strategy as the "means" of achieving it.
The evolution of "open digital networks," symbolized by the recent broadband, has had an impact that completely overturns the paradigm of corporate management. The new company will propose management methods and business models that allow companies to utilize this change as a "great opportunity," and at the same time provide truly effective know-how on the application and practice of information technology to realize it.
Sony, under the management team led by Chairman and CEO Nobuyuki Idei, sees its mission as providing optimal services and solutions to X's customers in anticipation of the arrival of a full-fledged broadband network society. Meanwhile, since its establishment in 1988, CIS, under the leadership of its founder, President and CEO Osamu Todaka, has advocated for itself as a "Global IT Evangelist" (evangelizing the world's most advanced IT methodology to the front lines of business innovation in Japan), and has experienced numerous projects in the field of IT consulting.
Sony, which promotes business innovation that realizes speed and uniqueness, has long been aware of and highly valued CIS's IT consulting capabilities and experience. By investing in the new company, which will be managed by CIS, Sony expects to provide high-quality integrated consulting services not only to Sony but also to Sony itself. The new company will combine the ambition and wisdom of Sony and CIS, both of which originated in Japan, and will utilize the resources and know-how of both companies to develop a consulting business that can disseminate ideas from Japan to the world.
For the time being, we plan to carry out the following four consulting services.
"Strategy Consulting" related to corporate strategies, business strategies, organizational strategies, and alliance/capital strategies for the new era.
"Method Consulting" related to performance evaluation/QC methods, corporate governance systems, corporate branding/IR, etc.
"Business Incubation Consulting" related to the creation of business models and business practices that are truly applicable in the market, from small Internet companies to major companies in existing industries.
"IT Consulting" related to digital and Internet strategies, implementation technologies, and knowledge education to achieve the above items with maximum cost performance.
CIS Corporation. will be primarily responsible for the operation of the new company and the expansion of its business. CIS Co., Ltd. intends to promote the new company's business, provide the necessary human resources and know-how for that purpose, and provide its accumulated customer base and network in the IT industry.
Osamu Todaka, CEO of Gensis Consulting Inc. [CEO of CIS Corporation]
The name of the new company reflects our desire to propose a new way of doing consulting work. The initial "GEN" is of Latin origin and means "the origin of things" or "to make known." It has been derived into modern words such as GENE (genetics), GENOME (genome), GENERATE (to create), GENERATION, and GENESIS. The suffix "CIS" condenses the value that the new company should provide and abbreviates "Corporate Intelligence & Strategy," while expressing the meaning of sharing the aspirations of CIS.
We believe that the new company, which mainly provides consulting from the perspective of management and business strategy, and CIS, which focuses on IT strategy and practice, will be able to demonstrate great synergy from various aspects.
In addition, with the cooperation of Sony, we will provide high-quality consulting services, such as business models, business and IT methods, and corporate governance methods that can be used by Japanese companies as well as companies in Asia, Europe, and the United States.
Brief Biography of Osamu Todaka
Born in 1955. After graduating from the Graduate School of Business Administration (MBA) at Keio University, he joined Sony Corporation. He participated in the mid-term management plan for the entire Sony Group and the launch of new businesses such as CDs and 8mm videos. He restructured the local organization and operations and launched new businesses at Sony USA and Sony UK. He then participated in the formulation of long-term management visions and large-scale M&A projects at the head office. After leaving Sony Corporation on good terms in 1988, he founded CIS Corporation. The company's shares were listed on the over-the-counter market in June 2000.
Overview of CIS Corporation
CIS Corporation is involved in a wide range of systems consulting business, from planning IT strategies to support end-user management reforms, to developing and implementing cutting-edge systems, and even reforming company-wide business processes. Since its founding in 1988, the company has led its client companies in the ongoing "IT revolution" through IT strategy consulting, as well as the provision of core solutions centered on supply chain and CRM (sales support), and the in-house development of network products centered on groupware.
In the field of IT education, the company also upholds the philosophy of realizing "Knowledge Transfer," and operates a specialized training center to provide a wide range of educational services, including the training of IT engineers and information literacy education for end users.
In 1999, the company entered into a comprehensive business partnership with Microsoft, becoming the first Japanese company to receive a 20% investment from Microsoft USA.
Established November 1988
Stock listed on the over-the-counter market June 5, 2000 (Stock code: 4758)
Capital Paid-in capital 3,303,265,000 yen
Number of employees 165 (as of the end of June 2001)
Sales 5,068 million yen (as of December 2000)
Ordinary profit 733 million yen (as of December 2000)
Website *Currently not accessible
Overview of the new company
Company name GENCIS Consulting Inc.
Capital 490 million yen (Breakdown: CIS Corporation 300 million yen, Sony Corporation 190 million yen)
Officers
Representative Director Todaka Osamu
Director Richard Y. Huh
Director Fukumori Tetsuya
Director Tsubaki Shigemi (non-executive director from Sony)
Director: Kazuaki Sato (non-executive director from Sony)
Auditor: Setsu Yamane (professor at Keio University Graduate School)
Number of employees: Approximately 20 in the first year
Address: Kyodo Building, 3-2-1 Nishi-Shinbashi, Minato-ku, Tokyo
Establishment date: July 23 (scheduled)
(The original is in-Japanese-only; uploaded through translation by Google, with minimal revision and coporate logos.)
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