NEC and Vista Equity Partners to aid digital transformation of businesses in Japan
NEC Corporation has 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 modernisation. “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 […]