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August 10, 1988

TSD TO FORM SUBSIDIARIES IN US AND THE PHILLIPINES

By CBR Staff Writer

Software company TSD Inc is to form subsidiaries in Los Angeles and the Philippines with a view to developing applications software for expatriate Japanese firms and also for their Japanese customers: the company has had a representative office in Los Angeles since March last year, and its new subsidiary, capitalised at $200,000, will start life with 10 staff, including a Japanese technical advisor who graduated from a US university; in the Philippines, TSD has teamed up with Paul Aquino, brother in-law of President Corazon – Cory – in an 80-20 joint venture which is currently looking for a Filipino president; TSD has already signed 13 Philippine software companies to programming contracts, and within five years sees 20% of its software development being done in that country; it also wants to establish a software development venture in the People’s Republic of China.

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