FPT and SCSK Establish Joint Venture COBOL PARK to Revolutionize Japan’s Legacy Systems and Talent Landscape

Nov 20, 2024•about 1 year ago

Contract Type

partnership

TokyoVenture Capital

Description

FPT, through its subsidiary FPT Consulting Japan, and SCSK Corporation have announced plans to establish a joint venture named COBOL PARK, aiming to address the growing challenges of maintaining and modernizing legacy systems, particularly mainframe technologies, to support business resilience and agility. The joint venture is part of a shared commitment to addressing the '2025 Digital Cliff' highlighted by Japan’s Ministry of Economy, Trade and Industry (METI), focusing on the modernization of legacy systems crucial to business continuity and sustainability.

Company Information

Company

FPT Corporation and SCSK Corporation

Location

Tokyo, Japan

About

Global leading technology corporation FPT, through its subsidiary FPT Consulting Japan, and the Japanese tech giant SCSK Corporation (SCSK) recently announced plans to establish a joint venture named COBOL PARK. This joint venture builds on a successful partnership between FPT and SCSK in IT services for the Asia Pacific region since 2018.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months