TOKYO –May 16, 2015 – Works Applications Co., Ltd., a worldwide leader in Enterprise Resource Planning business management software, today announced it has agreed to acquire 51 percent of shares of Indian IT company IVTL Infoview Technologies Pvt Ltd., headquartered in Chennai, India, and has further agreed to make it a consolidated subsidiary.
Works Applications undertook a business alliance with Infoview beginning in August 2014 for the development of the human resources components of COMPANY HR and AI WORKS. This investment agreement is based on an understanding of both companies’ mutual corporate cultures. Infoview will be positioned from this point forward as Works Applications’ Indian development base and will promote the strengthening of Works Applications’ technical capabilities.
By engaging Infoview’s highly regarded engineers, Works Applications will strengthen its global engineering system and promote the acceleration of the development of its AI WORKS software. Infoview has worked diligently on cultivating IT personnel to strengthen the information industry field, and is now rich with talented science and engineering students specializing in computer science. The software field is particularly popular, and Infoview has strengthened the employment of new graduates from the top universities in India. The aim is to expand the Infoview development personnel focused on Works Applications products from 500 engineers in July 2015 to 2,000 engineers by 2018.
As the first step, Infoview will be responsible for the development of the financial accounting area of Works Applications’ product AI WORKS. Plans call for Infoview to develop a total of 750 subsystems within the year. In the long term, Infoview will be not only a base for the development of AI WORKS, but will also act as a base for overseas employment and South Asia sales to create further synergy. In addition, Infoview will add AI WORKS into its operating system. Having Infoview as a model user will assure that it adopts and conforms to the complex legal systems of India, which vary from state to state, and thus promote wider sales of AI WORKS throughout South Asia with India as the core.
Since its establishment in Chennai in 2000, Infoview has expanded into integrated consulting, development, and maintenance services for enterprise applications directed at major Japanese companies. The company has focused on India and Japan, using the advanced technical capabilities of India and Japanese-language communication as instruments for developing services for major Japanese companies.
Future Business Operations
Works Applications will dispatch Yoichiro Yatsurugi, Hiroyuki Komatsu, and Eiji Tsuchiya to Infoview as company directors. Infoview co-founders Chandrasekaran Neduncheralathan and Subramania Natarajan, continue to hold 49 percent of the company’s stock and will continue cooperative work with WAP to further expand the Infoview business.
Earned a bachelor's degree in computer science engineering at the world-class Institute of Technology in Tiruchirappalli, India. After participating in an engineer training program sponsored by Keidanren (Japan Business Federation), he worked as an ERP Consultant at Wipro Technologies and KPMG Consulting Ltd. As Infoview's President and MD, he is fully responsible for what Infoview is today.
Earned a bachelor's degree in computer science engineering at Mookambigai College of Engineering in Tiruchirappalli, India. After participating in an engineer training program sponsored by Keidanren (Japan Business Federation), he worked as a Senior Technical Account Manager at EMC Corporation's Japan office, and then as an ERP Consultant at Ernst & Young Consulting Japan. As one of Infoview's co-founders and a Director, he is responsible for Infoview's global sales.
About Works Applications
Works Applications was founded in 1996. Its ERP software package system, COMPANY is used by more than 7,000 organizations to support their core businesses. Works Applications holds nearly 35 percent market share in Japan, the largest of any ERP provider in that market. The company serves customers in all major industries, including healthcare, education, manufacturing, energy and transportation; customers include 1,000 of the largest Japanese brand name companies and subsidiaries. Works Applications employs 3,000+ people worldwide, with offices in Tokyo, Shanghai, Singapore, New York, Los Angeles, and Chennai.