TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research & Innovation
  • Security
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Digital Platforms and Services

Digital Platforms and Services

NEC and Vista Equity Partners establish JV and strategic partnership

Via NEC News room

Oct 2, 2020

Tokyo, Japan - NEC Corporation (NEC; TSE: 6701) today announced the establishment of a joint venture and strategic partnership with Vista Equity Partners (Vista), a leading global investment firm focused on enterprise software, data, and technology-enabled businesses, to deliver enterprise software solutions from Vista's portfolio of companies to the Japanese market. The partnership will come into effect immediately, with NEC and Vista jointly establishing a joint venture, SaaSpresto Ltd., which started operations today.

As companies in Japan aim to create a competitive advantage in the digital world, upgrading legacy systems and technology infrastructure to drive digital transformation (DX) has become imperative to optimize the customer experience, deliver data-based insights, enable greater collaboration and improve agility, productivity and innovation. Vista presently has over 60 enterprise software companies in its private equity portfolio that provide technology products and solutions to more than 200 million users worldwide. This partnership will help ensure these enterprise software tools are available as part of NEC's efforts to accelerate DX efforts in Japan through strategic consultancy and IT modernization.

“Vista's experience and expertise as one of the world's leading technology investors, along with its roster of best-in-class enterprise software companies, make them an ideal strategic partner for this initiative," said Takayuki Morita, Senior Executive Vice President, Chief Financial Officer and Member of the Board, NEC Corporation. “We look forward to partnering with the Vista team and Vista companies on our digital transformation strategy, bringing leading enterprise software solutions to Japanese businesses."

SaaSpresto plans to begin sales in January 2021 with solutions from several companies in the Vista portfolio. Vista will facilitate introductions and opportunities for SaaSpresto in its private equity portfolio to co-market solutions. The partnership aims to serve more than three thousand Japanese businesses in the next four years.

“In addition to being a thriving global economy, Japan has long been an early leader and adopter of technology and innovation, and NEC has led the way in providing digital solutions that have the power to transform Japanese companies," said Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners. “This partnership will enable small- and medium-sized enterprises in Japan to unlock value and further accelerate their digital transformation with the powerful software solutions provided by Vista companies."

NEC will continue to help businesses enhance their DX efforts, while providing “Solutions for Society" that promote safety, security, efficiency and equality. NEC aims to solve a wide range of challenging issues and to create new social value for the changing world. The Company has found an ideal partner in Vista, who believes in the transformative power of technology to create a smarter economy, a healthier planet, diverse and inclusive communities, and a broader path to prosperity.

Related Topics
  • Asia-Pacific,
  • Digital Platforms and Services,
  • NEC,
  • Telecoms Vendors & OEMs,
  • Tracker

More Like This

Telcos and Public Cloud

What’s up with… BT and Azure, Telecom Italia, Ofcom and Openreach

Feb 3, 2023

Digital Platforms and Services

Rakuten Symphony proves 4x productivity boost for radio access network planning

Feb 3, 2023

Digital Platforms and Services

GNX secures growth funding from Lexar Partners to accelerate growth in the dynamic global connectivity market

Feb 3, 2023

Digital Platforms and Services

Mavenir’s virtualised IMS powers Virgin Media O2’s mobile network

Feb 3, 2023

Digital Platforms and Services

UK and US governments move to control crypto

Feb 3, 2023

This content extract was originally sourced from an external website (NEC News room) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

0:46

The Cloud Native Telco Summit returns this September!

8:32

Azita Arvani on Being a Female Leader at Rakuten Symphony

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

1:44

Join us for the greatest industry debate of the year!

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2023. All rights reserved. All brands and products are the trademarks of their respective holder(s).