ERP software service provider Pansoft Company, has signed an agreement to form a joint venture with two Japanese entities, Management Information Center and Seven Colors (the "JV Partners").
This joint venture, named Pansoft (Japan) Company, will merge the related divisions from the JV Partners to engage in a contractual relationship with Sharp Business Software Development Center (SBC), a unit of Sharp, to conduct outsourced mobile-phone software testing.
Pansoft said that it will invest a total of RMB 18m ($2.7m) for an 80% stake in Pansoft (Japan), which will have two subsidiaries.
The first subsidiary is comprised of the two departments merged from the JV Partners and will be based in Osaka, Japan.
The other subsidiary will consist of a software development and testing centre to be based in Jinan, China.
The JV Partners will be responsible for sourcing business orders and maintaining the relationship with SBC.
Content from our partners
Pansoft chairman Hugh Wang said that this joint venture is just the starting point of their entry into the Japanese outsourcing market, and they are optimistic about the market demand for overseas software outsourcing services.
