- Cloud solutions company rhipe is entering a joint venture with Japanese software developers, Japan Business Systems, to form a new company
- The new company aims to be a Microsoft Cloud Solution Provider
- rhipe’s share price is up 11.11 per cent today, currently sitting at $3.10 at Friday’s market close
ASX listed IT solutions company rhipe has signed a deal with Japanese software developers to form a new joint venture company, rhipe Japan.
The market responded favourably to rhipe’s announcement, with the company’s share price rising 11.11 per cent up to $3.10 per share.
rhipe Japan will aim to become a Microsoft Cloud Solution Provider (CSP). According to the company, Microsoft Japan is aware of its position and believes the company will contribute positively to Japan’s increasing CSP market.
rhipe will own 80 per cent of rhipe Japan and Japan Business Systems (JBS) will hold the other 20 per cent interest.
JBS’s role in the joint venture includes providing local personnel, office space, localisation, market knowledge and support for the launch.
rhipe will control the platform for recurring subscription management, business planning, market launch and back-office operations.
CEO of rhipe Dominic O’hanlon said “The announcement of this JV with JBS is a significant step in rhipe’s ongoing expansion”.
Dominic continued, “Japan represents one of the largest markets in the world for Microsoft, yet the migration away from on-premise to cloud-based computing is relatively immature compared to many other countries”.
President of JBS Yukihiro Makita said “We believe the launch of a Microsoft subscription business to SMB resellers could present a new opportunity that has not been well addressed by any other companies in the Japanese market”.