Strategic Alliance Between Sumitomo and Rikkeisoft Ignites Growth

Strategic Partnership for Digital Transformation

Sumitomo Corporation and Rikkeisoft Corporation have recently joined forces, embarking on a significant strategic partnership that is poised to drive mutual business growth and create synergistic opportunities. Sumitomo Corporation, recognized as a Fortune Global 500 entity, sees the immense potential in Rikkeisoft, a leading technology service provider in Vietnam. This partnership aims to leverage their respective strengths to accelerate new growth opportunities through effective digital transformation and environmental sustainability initiatives.

Enhancing Global IT Services

Rikkeisoft has set its sights on becoming the first Vietnamese technology firm to be listed on prestigious platforms like Nasdaq or NYSE. This ambition underscores the company's commitment to expanding its global footprint. The collaboration will enable both companies to deliver a comprehensive suite of IT services worldwide, which includes consultancy, system design, implementation, and maintenance— all tailored to fast-track clients' digital transformation journeys.

Significance of the Partnership

This initiative marks Sumitomo Corporation's inaugural alliance with a Vietnamese technology firm, signaling a momentous step towards fostering international collaboration in the tech space. With an illustrious history of executing pivotal projects in various sectors, ranging from automotive to industrial development, Sumitomo Corporation brings extensive experience and a robust network to this partnership.

Expanding into New Markets

Sumitomo Corporation has established operations across 65 countries and boasts a strong presence in regions like the U.S. and Asia-Pacific. This partnership opens up fresh avenues for Rikkeisoft to engage in digital and green transformation projects for businesses on a global scale. Rikkeisoft has been ardently pursuing a 'Go Global' strategy since its inception in 2012, expanding into regions like the U.S. where it recently launched RKTech America Corporation, aimed at delivering tailored IT solutions for American enterprises.

Building a Stronger Presence in APAC

In the Asia-Pacific region, Rikkeisoft is already catering to hundreds of clients, extending its reach to countries such as Japan, Singapore, Thailand, and South Korea. To meet the escalating demand for adept talent and service solutions in a rapidly changing digital landscape, Rikkeisoft has set up several representative offices, including the recent establishment of a new office in South Korea.

Leadership Insights

Shunichi Aramaki, Executive Officer and General Manager of the Digital Strategy Division at Sumitomo Corporation, expressed the philosophy behind this partnership: "Rikkeisoft's unwavering commitment to nurturing trustworthy relationships with clients aligns seamlessly with our corporate values. Their agile development approach precisely addresses the digital transformation needs of our clients and affiliates." He further emphasized the synergy afforded by blending Sumitomo's global experience with Rikkeisoft's agile methodologies.

Tung Ta, Chairman of Rikkeisoft, echoed similar sentiments, stating, "By utilizing Sumitomo Corporation's expansive network and financial backing, we aspire to enhance our reach globally and augment our market presence. Our alliance is pivotal for strengthening IT cooperation between Vietnam and the broader international markets, facilitating smoother digital transitions across industries.”

Additionally, Tung Bui, Senior Executive Vice President of Rikkeisoft and CEO of RKTech, remarked, "The collaboration between our U.S. subsidiary RKTech and Sumitomo Corporation's American branches will provide substantial value to clients, accelerating their digital journeys and enabling faster market entry at reduced costs." The strategic partnership illustrates a compelling blend of Japanese management acumen and Rikkeisoft's technological resources, promising innovative solutions for customers across North and Latin America.

Conclusion

Through this alliance, Sumitomo Corporation and Rikkeisoft are set to redefine the standards of digital transformation services, creating pathways for innovative collaboration. As these two companies unite their visions and capabilities, they are well-positioned to lead the charge in navigating the evolving landscape of technology services globally.

About Sumitomo Corporation

Sumitomo Corporation is an integrated trading and investment business with a formidable global presence, boasting 128 offices across 65 countries. With about 900 companies under its umbrella, the corporation emphasizes the creation of enduring value for society, guided by a corporate philosophy that has thrived for over 400 years.

About Rikkeisoft Corporation

Founded in 2012, Rikkeisoft is among Vietnam's foremost digital technology service providers, offering diverse IT services, including software development and cloud solutions. With a team of over 2,200 engineers operating from multiple offices in Vietnam, Japan, and beyond, Rikkeisoft is recognized for its leading role in digital transformation technology.

Frequently Asked Questions

What does the partnership between Sumitomo and Rikkeisoft involve?

The partnership focuses on mutual business growth through enhanced IT services, digital transformations, and green initiatives.

Why is this partnership significant for Rikkeisoft?

This alliance positions Rikkeisoft to expand its market presence and service offerings on a global level.

How does Sumitomo's global reach benefit the partnership?

Sumitomo's extensive global network and industry expertise provide invaluable support to Rikkeisoft's growth ambitions.

What services will the partnership enhance?

It will enhance a range of IT services including consultancy, system design, implementation, and maintenance.

What is Rikkeisoft's goal in the U.S. market?

Rikkeisoft aims to deliver high-quality IT solutions tailored for American businesses through its recent U.S. subsidiary.

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