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SinoCom Established Its New Subsidiary“SinoCom Global Solutions Inc.” in Japan
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SinoCom Software Group Marketing/IR Team
Keisuke Kudo kkudo@sinocom.cn  +81-3-6206-2175
Zhang Hua Feng zhang-huafeng@sinocom.cn  +86-10-8857-5888
 
Hong Kong/Beijing/Tokyo, 13 April, 2009 – SinoCom Software Group (HKEx: 0299), the leader in software development outsourcing & IT support services based in China, announced that it has established its new wholly- owned subsidiary, “SinoCom Global Solutions Inc.” in Japan, and started its business operation.
 

Due to recent tough economic situations, Japanese companies are reducing their IT expenses, while required service levels of information systems remain the same or becoming even more robust. As the result, cost saving by off-shore services is attracting more attentions, and those companies which have never utilized off-shore services started to utilize off-shore more seriously. In addition, companies with off-shore experiences are also undertaking to broaden the processes to be outsourced to off-shore. In the past, most companies outsourced downstream processes only such as detailed designing, coding and unit-level testing. However, those companies are now looking at leverage off-shore resources for upper-stream processes such as general designing, integrated testing and maintenanceand also in software package related services including implementation, customization and maintenance support.

To meet these demands strategically, SinoCom Software Group decided to establish SinoCom Global Solutions Inc. (SGS).

SGS will be offering software solutions supported by off-shore labor, and it plans to expand its business through making alliances with various software vendors and systems integrators. For end customers with little off-shore experiences, SGS will offer comprehensive services including consulting.

SGS appointed Shinichi Yabe as its President and Chief Executive Officer.

SinoCom Japan, SinoCom Software Group’s existing Japanese subsidiary, continues to offer services directly related to off-shore outsourcing software development including on-site engineering services.

 “As economic situations are very tough, it is required to offer more advanced information systems with less cost, and use of off-shore resources is one of the best answers to such needs.” Shinichi Yabe, President & CEO of SGS says. “Historically, in Japan, only systems integrators with rich off-shore experiences utilized off-shore resources in waterfall-style software coding and unit-level testing. However, going forward, it will be critical for most companies to leverage off-shore resources in broader processes including upstream processes and software package domain. SGS provides its customers with comprehensive services that reduce total cost of ownership and enhance IT governance from customers’ standpoint, and We, SinoCom Global Solutions, assist its customers in achieving their business goals by offering high value-added solutions with lower costs.

Xubing Wang, President & COO of SinoCom Software Group says As off-shore software development is getting more popular, customers are now considering to improve productivity further by having off-shore teams join in upstream processes. The need to utilize off-shore teams for supporting systems with software packages is more apparent. To meet such demand proactively, we founded the new company to offer value-added services. I am confident that SinoCom Software Group can develop its business further with this new company. 

 
Outline of the New Company
 
1.     Company Name: SinoCom Global Solutions Inc.
2.     Legal Foundation Date: January 7, 2009
3.     Capital: 40 million Japanese Yen
4.     Location: Hakozaki NSO Bldg. 5F, Nihonbashi Hakozakicho 20-1, Chuo-Ku, Tokyo Japan 103-0015
5.     President & CEO: Shinichi Yabe
6.     Major Businesses::
-       TCO reduction and IT governance enhancement services including consulting and alliance management services
-       Off-shore services in software development, system maintenance and business process outsourcing, and related consulting/mediation services
-       Implementation, operation and maintenance services of software packages and application frameworks, including related consulting services

Note. In the beginning, SGS plans to focus on financial solutions, business intelligence / performance management solutions and information asset management and activation where SinoCom Software Group has expertise, and later expand its scope to more various segments.
 
About Shinichi Yabe
Yabe headed Financial Services Industry Solution Group of NEC Corporation for years. Prior to joining SinoCom, Yabe was the President & CEO of N&J Financial Solutions Inc. (NJFS). NJFS was jointly founded and operated by Sumitomo Mitsui Banking Corporation, The Japan Research Institute, Ltd. and NEC Corporation, and Yabe was at the President & CEO role since the foundation of NJFS.
 
About SinoCom Software Group
SinoCom Software Group is the leader of outsourced software development services for global customers based in China. With over 3,000 engineers, it offers off-shore software development services and IT support services for Japanese, US and Chinese companies, and particularly it has been successful in developing many mission-critical applications for leading financial services industry (FSI) companies with its unique software laboratory services. SinoCom generated revenues of 658 million HK dollars (approximately 84 million US$) for the fiscal year that ended 31 December, 2008 and is traded under code 0299 in Hong Kong Stock Exchange Market Main Board.
For more information, visit www.sinocom.cn.

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