Critical Path Extends Its Commitment to the Japanese Market With the Launch of Critical Path Japan.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Oct. 1, 2002 Company Takes One Hundred Percent Ownership of its Japanese Hosted Messaging Operations, Names Veteran Japanese Executive Arata Hirao President, and Adds New Board Members Critical Path, Inc. (Nasdaq:CPTH), a global leader in Internet Communications, today announced that it has extended its commitment to the Japanese market with the launch of Critical Path Japan as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Critical Path has purchased the interests of its partners in the business it jointly built in Japan, including all of its hosted messaging business, and launched Critical Path Japan as a one hundred percent company-owned venture. In conjunction with the launch, the company has named Arata Hirao, a well-known Japanese executive who recently helped Openwave Systems build its business in Japan, as president of Critical Path Japan (see separate press release on new president). Former Lotus Japan president and chief executive officer, Saburo Kikuchi, and Compaq Japan's founder and former president and chairman, Masaru Vic Murai, have also joined Critical Path Japan as directors. Critical Path Japan will leverage the strong customer base it built through Critical Path Pacific Inc., the company's joint hosted messaging business with 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 Communications, Mitsui Corporation and NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Corporation. Critical Path Japan launches with an impressive list of more than 70 enterprise customers that have successfully transitioned to the new entity. "We are proud to extend our commitment to the Japanese market and build upon the solid hosted messaging business we have cultivated with our Japanese partners," said Critical Path Inc. Chairman and Chief Executive Officer (CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ) William McGlashan. "We believe our solutions, specifically our Internet messaging and identity management offerings, have a broad appeal in the Japanese market. With our new ownership structure and executive leadership in place, we are ready to execute on our goal of aggressively growing our hosted business in Japan, which already has 1.3 million subscribers. We are excited to work with the Critical Path Japan team, our technology partners, and investors such as Hutchison Wampoa, to drive Critical Path's growth in Japan and throughout Asia." New Critical Path Japan Board Members The company also added two well-known executives in Japan to the board of directors of Critical Path Japan. Mr. Kikuchi, who formerly served as president and CEO of Lotus Japan, brings a significant understanding of the Japanese messaging market to Critical Path. He has worked as a general manager and in research and development for Sony Corporation. Most recently he was president and CEO of CarPoint Corporation. He received a Master of Science degree in electrical engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from the California Institute of Technology California Institute of Technology, at Pasadena, Calif.; originally for men, became coeducational in 1970; founded 1891 as Throop Polytechnic Institute; called Throop College of Technology, 1913–20. . A founder and former president and chairman of Compaq Japan, Mr. Murai was also a longtime veteran of IBM's American and Japanese operations. He is currently on the board of directors at Commerce Center, Net Learning, Business Cafe Japan and Digital Design. He received a Master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in Business Administration from UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX . "These two men have extensive experience and credentials, and both have earned tremendous respect and admiration for their successes in the Japanese market," added McGlashan. "They will be of tremendous help to Critical Path as we seek to deepen our presence in the Japanese market." About Critical Path, Inc. Critical Path, Inc. (Nasdaq:CPTH) delivers software and services that maximize the value of Internet communications. The company provides messaging and collaboration solutions -- from wireless, secure and unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. to basic email and personal information management -- as well as identity management solutions that simplify user profile management and strengthen information security. The standards-based Critical Path Communications Platform, built to perform reliably at the scale of public networks, delivers the industry's lowest total cost of ownership for messaging solutions and lays a solid foundation for next-generation communications services. Critical Path's customers include more than 700 enterprises, 190 carriers and service providers, eight national postal authorities and 35 government agencies. Critical Path is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden with offices throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . More information on Critical Path can be found at www.cp.net. Note to Editors: Critical Path and the Critical Path logo are the trademarks of Critical Path, Inc. All other trademarks are the property of their holders. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion