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October 19, 1988


By CBR Staff Writer

Five small and medium-sized Japanese software houses last week announced plans to merge: they are Sterling Systems with 121 staff, Koyo Computer Systems, which is also a vendor of peripherals and terminals, CSE, with 60 staff, and two of their subsidiaries; the new company will aim for mainframe software development contracts, and sales of peripherals and terminals, and plan to take on more professionals with the cash saved on running only one headquarters operation instead of five; the new company is aiming for revenue of $29m this year, and to get a quotation on the Tokyo Stock Exchange in a few years’ time.

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