Banyan Systems and NTT sign joint venture agreement.WESTBORO, Mass.--(BUSINESS WIRE)--July 13, 1995--Banyan Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BNYN BNYN ePresence (stock symbol; formerly known as Banyan) ) today announced that NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Advanced Technology, an affiliate of NTT, has purchased a minority stake in Nihon Banyan banyan (băn`yən), species of fig (Ficus bengalensis) of the family Moraceae (mulberry family), native to India, where it is venerated. Its seeds usually germinate in the branches of some tree where they have been dropped by birds. Systems K.K., its Japanese subsidiary. Under the terms of the agreement, NTT Advanced Technology will purchase a 10 percent equity position in Nihon Banyan Systems K.K. Banyan Systems will remain the majority shareholder. NTT Advanced Technology now joins Marubeni Corp. as a joint venture partner with Banyan Systems. "Success in world trade depends upon a company's successful development of a strategy that includes key partnerships," said David C. Mahoney, Banyan Systems chairman, chief executive officer and president. "Banyan's strategy in Japan is to maintain majority ownership in the subsidiary and to engage the participation of multiple Japanese companies This is a list of companies from Japan. Note that 株式会社 can be (and frequently is) read both kabushiki kaisha and kabushiki gaisha (with or without a hyphen). See that article for more details. such as NTT Advanced Technology and Marubeni as strategic partners and investors in Nihon Banyan Systems K.K." Also as part of the agreement, NTT Advanced Technology will provide Banyan enterprise network software to its parent company, NTT. "We are very pleased to partner with NTT, one of the largest conglomerates in Japan, as an additional Nihon Banyan K.K. joint venture partner," said Motoshi Satoh, president of Nihon Banyan Systems K.K. "NTT's established credibility and strength in Japan is well positioned to assist Nihon Banyan Systems K.K. to gain leverage in the growing Japanese enterprise computing Refers to information technology in the larger company. See enterprise data and enterprise networking. marketplace." "We are very excited at the opportunity to help expand the enterprise computing marketplace in Japan," said Hiroaki Fuketa, president of NTT Advanced Technology. "We believe that there is no better provider of large-scale enterprise networking The networking infrastructure in a large enterprise with multiple computer systems and networks of different types is extraordinarily complex. Due to the myriad of interfaces that are required, much of what goes on has little to do with the real data processing of the payroll and orders. software than Banyan Systems with whom to undertake this venture." -0- About Banyan Systems Inc. Banyan Systems (NASDAQ: BNYN) is a pioneer and leader in enterprise network services. These products make it easy to find, share and manage information and resources within enterprise networks. Founded in 1983 and headquartered in Westboro, Mass., U.S.A., the company, markets products worldwide through authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: network integrators, resellers and international distributors. Banyan can be reached on the World Wide Web at http://www.banyan.com. Banyan and ENS are registered trademarks and StreetTalk is a trademark of Banyan Systems Inc. StreetTalk is a product of Banyan Systems Inc. and not a product of McCarthy, Crisanti & Maffei Inc. All other registered trademarks are properties of their respective owners or licensors. CONTACT: Banyan Systems Inc. Lucia F. Graziano, 508/898-1000 |
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