**Taken from www.tis.com**
TIS Inc. (hereafter, “TIS”; headquarters: Shinjuku, Tokyo; President: Toru Kuwano), announces its strategic investment and firmed up business collaboration with world leading enterprise blockchain software firm R3 HOLDCO LLC (hereafter, “R3”, headquarters: NY, US and CEO: David Rutter).
R3 is a fast growing US technology firm with a highly innovative software platform, global brand recognition in blockchain technology and successful formation of a global ecosystem of over 200 financial institutions, regulators, trade associations, professional services firms and technology companies.
These institutions work with R3 to develop on Corda, the world’s only enterprise blockchain platform designed from the ground up for businesses operating in complex and highly-regulated markets. Corda offers access to a vibrant network of interoperable blockchain applications for finance and commerce.
Strategic collaboration with R3 is a milestone achievement for TIS and is in line with its global business strategy. The partnership is aimed at speeding up the global development and adoption of blockchain applications by leveraging the strengths & maturity of the Corda platform and taking advantage of TIS strong group presence in the region and its sound customer base in financial, banking, payment & manufacturing industries.
The partnership with R3 is a big step forward for TIS and its group companies. It allows TIS members access to the work R3 does across the whole of financial services in blockchain technology.
Through this partnership, TIS and its group companies in APAC can deliver Corda platform services & Corda applications designed specifically to meet the needs of client institutions across the financial services sector and other industries.
David E. Rutter, CEO of R3, comments: “This investment is testament to the potential that major IT companies such as TIS see in Corda. We are experiencing growing support for Corda not just from the financial services community, but from a diverse mix of technology firms serving an expanding range of industries. These firms are building innovative apps on the platform that enable them to unlock new value for themselves and transform business processes for the sectors they serve.”
R3 is an enterprise software firm working with a network of over 200 financial institutions, regulators, trade associations, professional services firms and technology companies to develop on Corda, its Blockchain platform designed specifically for businesses.
R3’s global team of over 180 professionals in 11 countries is supported by over 2,000 technology, financial, and legal experts drawn from its global member base. R3 is backed by investment of more than USD 120 million from over 45 firms.
Corda is the outcome of over two years of intense research and development by R3 and its members and meets the highest standards of the financial services industry, yet is applicable to any commercial scenario. It records, manages and executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce. Learn more at https://www.r3.com/
TIS, a leading Japanese IT corporate group with about 60 IT group companies and comprising around 20,000 employees globally. The company provides IT Solution Services, including System Integration and entrusted development as well as IT Infrastructure solutions., such as data center and cloud services. TIS contributes to the growth of client businesses through establishment of a global support network centering on China and the ASEAN region. TIS have been actively engaged as the preferred IT partner at home and abroad by more than 3000 client base in industries such as financial services, manufacturing, distribution, public sector services and telecommunications.
For more information about TIS, please visit http://www.tis.com/
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2. The information in this news release is current as of the announcement date. This may be superseded by information that comes out later and may differ from the information contain herein.
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