Itochu Techno-Solutions

Summary

Itochu Techno-Solutions Co., Ltd. (伊藤忠テクノソリューションズ株式会社, Itōchū Tekuno-soryūshonzu Kabushiki-gaisha, abbreviated CTC) is a Japanese systems integrator based in Kasumigaseki, Chiyoda, Tokyo. It is a publicly traded subsidiary of Itochu Corporation.

Itochu Techno-Solutions Co., Ltd.
Native name
伊藤忠テクノソリューションズ株式会社
Itōchū Tekuno-soryūshonzu Kabushiki-gaisha
FormerlyItochu Techno-Science
TypePublic KK
TYO: 4739
IndustryInformation technology
PredecessorsItochu Data Systems
Hamilton Avnet Electronics
CRC Solutions
FoundedApril 1, 1972 (1972-04-01)
HeadquartersKasumigaseki Building, ,
Key people
Ichiro Tsuge (President & CEO)
ServicesIT lifecycle support
Data centers
Cloud computing
Information security
RevenueJPY 487.0 bn (FY2020)
JPY 28.46 bn (FY2020)
Number of employees
8,808 (2020)
ParentItochu Corporation
Websitewww.ctc-g.co.jp

CTC is a Japanese partner of numerous multinational IT vendors including Avaya, IBM, Cisco Systems, EMC, Hewlett-Packard, Hitachi, Microsoft, NetApp, Oracle, Symantec and VMware.[1] The company has offices throughout Japan as well as in the United States, Singapore and Malaysia.[2]

The company abbreviation CTC is derived from the company philosophy, "Challenging Tomorrow's Changes". Thus the company is called CTC, especially among computer business in Japan .[3]

HistoryEdit

Itochu (then known as C. Itoh & Co.) set up CTC's predecessor Itochu Data Systems in the early 1970s to sell American computer equipment in Japan. Itochu middle manager Nobuo Hiroi was tapped to head the company and hired a number of outside employees such as Hiro Satake, a former Japan salesman for NCR. He also introduced a merit pay system, which was rare in Japan at the time. In 1983, CTC became a distributor for Sun Microsystems and helped to pioneer workstation-based computing in Japan. Satake became president in 1994 and inked sales relationships with Cisco Systems and Oracle.[4]

In the late 1990s, as Itochu reeled from losses from the Japanese asset price bubble, Itochu president Uichiro Niwa decided to float CTC on the stock market. CTC had its initial public offering in December 1999, and its market capitalization immediately exceeded that of its parent company Itochu; one year later CTC was valued at around $20 billion while Itochu was valued at only $8 billion.[4]

ReferencesEdit

  1. ^ "Partnerships in expansion around the world". ITOCHU Techno-Solutions Corporation. Retrieved 9 June 2015.
  2. ^ "拠点マップ一覧". Itochu Techno-Solutions. Retrieved 9 June 2015.
  3. ^ "CTC Derivation". Itochu Techno-Solutions. Retrieved 6 June 2017.
  4. ^ a b Guth, Robert A. (27 March 2000). "Japanese Silk and Steel Broker, Itochu, Turns to Tech to Survive". The Wall Street Journal. Retrieved 9 June 2015.

External linksEdit

  • Official website