Leveraging QCCS to Expand Cloud Sales and Strengthen Development Capabilities
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022-Q1.
The whole theme swung hardest in 2022: 1 of 10 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2022-Q1RestatedAnnual report
「The objectives of our acquisition of QCCS as a subsidiary are as follows. (1) Sell the cloud tools for financial institutions and other customers developed by our group to QCCS’s broad customer base. (2) Strengthen our group’s development capabilities by leveraging QCCS’s engineering capabilities, including reducing outsourcing costs through nearshore development and preventing the leakage of development expertise, and strengthen proposals for system development to our group’s customers. (3) Improve QCCS’s existing products, develop new products and provide AI consulting by combining “QCCS’s deep industry expertise and ability to understand customer needs” with “our group’s technology.”」
The company reiterates the objectives of the synergies from making QCCS a subsidiary: expanding sales channels, strengthening development capabilities, improving existing products, and providing new products and AI consulting. - FY2021First statedAnnual report
「(1) Sell the cloud tools for financial institutions and other customers developed by our group to QCCS’s broad customer base. (2) Strengthen our group’s development capabilities by leveraging QCCS’s engineering capabilities, including reducing outsourcing costs through nearshore development and preventing the leakage of development expertise, and strengthen proposals for system development to our group’s customers. (3) Improve QCCS’s existing products, develop new products and provide AI consulting by combining “QCCS’s deep industry expertise and ability to understand customer needs” with “our group’s technology.”」
The company lists expansion of sales channels, stronger development capabilities, improvements to existing products, and the provision of new products and AI consulting as specific synergies following QCCS’s conversion into a wholly owned subsidiary.