Fujitsu and Fulcrum Create Joint Venture to Provide State-of-the-art Search-and-retrieval Software for Japanese Market.OTTAWA, CANADA, and TOKYO, JAPAN--(BUSINESS WIRE)--July 9, 1996-- Jointly-Owned Company To Market Japanese Version Of Fulcrum fulcrum: see lever. Products. Fujitsu Limited, a global leader in the field of Information Technology (IT), and Fulcrum Technologies Inc., a leading provider of search-and-retrieval software for the enterprise and for the Intranet, today jointly announced that they have agreed to form a company to market information search-and-retrieval software in Japan. The jointly-owned company, Nihon Fulcrum KK, will be minority-owned (30 percent) by Fujitsu(R) and majority-owned (70 percent) by Fulcrum(R), and will begin operations in July 1996. Together, Fulcrum and Fujitsu will invest a total of 100 million Japanese yen “Yen” redirects here. For the other use, see Yen (disambiguation). “JPY” redirects here. For the Australian singer with the same moniker, see John Paul Young. (roughly US$900,000) to set the joint venture in motion. The agreement comes after two years of intensive technological collaboration between the companies. Since 1994, Fujitsu and Fulcrum engineers have been working together at Fulcrum's R&D facility in Ottawa to develop the Japanese-language capabilities of SearchServer(TM), Fulcrum's flagship text-indexing and retrieval software product, for a Japanese-version product expected to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. in July. "This joint venture builds on existing agreements between Fulcrum and Fujitsu," said Junji Maeyama, Director of the Board and General Manager of Software Group of Fujitsu Limited. "The strength of Fulcrum's core technology continues to impress us. Japanese corporations represent a strong, untapped market for information-retrieval software. We believe that Fulcrum SearchServer, enhanced with extended Japanese language Japanese language Language spoken by about 125 million people on the islands of Japan, including the Ryukyus. The only other language of the Japanese archipelago is Ainu (see Ainu), now spoken by only a handful of people on Hokkaido, though once much more widespread. support and in combination with some of Fujitsu's own technologies, can form the basis of a very successful product family in Japan. It is an opportunity we are excited to share with Fulcrum." "This is a tremendous endorsement of our technology and of our product strategy," said Eric Goodwin, president and chief executive officer of Fulcrum. "The Japanese market for packaged software See software package. is growing rapidly, and the potential for information-retrieval software is huge. With Fujitsu as our partner, we have an unprecedented opportunity to be on the leading edge as this market develops." Both Fulcrum and Fujitsu will contribute resources, personnel and technology to Nihon Fulcrum KK. About the companies Fujitsu Limited, headquartered in Tokyo, Japan, is a global leader in the field of Information Technology (IT). Fujitsu's IT business encompasses computers, communications and microelectronics. The Fujitsu Group of over 400 technology, software, networking and service companies posted global revenues of about US$35.5 billion (3.76 trillion yen) in the year ending March 31, 1996. Fulcrum is a world leader in providing information search-and-retrieval software for the entire enterprise. This software can be used on Internet and Intranet sites, on computer networks, and on CD-ROMs. Fulcrum counts major corporations and industry leaders like Microsoft, CompuServe, and Novell among its customers. Headquartered in Ottawa, Canada, Fulcrum has offices in Atlanta, Boston, Brookfield (CT), Chicago, Houston, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , 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 , Toronto and Washington; European offices in France, Germany, Italy and the United Kingdom; and an office in Sydney, Australia. Fulcrum is publicly traded on the 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 National Market ("FULCF") and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ("FUL"). -0- Visit Fujitsu on the World Wide Web: http://www.fujitsu.co.jp Visit Fulcrum on the World Wide Web: http://www.fulcrum.com -0- Fulcrum is a registered trademark of Fulcrum Technologies Incorporated and SearchServer is a trademark of Fulcrum. Fujitsu is a registered trademark of Fujitsu Limited. Other trademarks used throughout this document are trademarks of their respective owners. CONTACT: Fulcrum, 613/238-1761 ext. 251 pr@fulcrum.com (E-mail) or Rourke & Co. Alana Gentle, 617/267-0042 agentle@rourke.com (E-mail) or Fujitsu Limited - New York Korendo Shiotsuki, 212/265-5360 or Fujitsu public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most - Tokyo Mike Beirne, (+81 -3) 3215-5236 mike@hq.fujitsu.co.jp (E-mail) |
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