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Inspur Group and Furukawa Electric signed a Framework Agreement on Software Export with an amount of 2.5-3.0 billion YEN every year

Sep 24, the signing ceremony of cooperation memo between Inspur Group and Furukawa Electric was held at Shandong Building in Jinan. Wang Junmin, the vice governor of Shandong province attended the ceremony and interviewed with Japanese guests led by PresidentMasuda ItihikokuMasuda ItihikokuMasuda ItihikokuMasuda Itihikoku,. Leaders from Foreign Trade Department and Information Industry Office of Shandong Province, attended the ceremony.

Established in 1884, Furukawa Electric is famous in the world for its products of electric cable, optical fiber, and information equipment, and having more than 20,000 technicians and production workers and about 20 joint adventures and sole-invested enterprises in China. Furukawa Electric takes a share of 40% of the optical fiber market in China. It is rich in the experience of cooperation with enterprises of China.

The data of 2002, provided by CCID, the authoritative institution of China, shows that at present, the software export business of China is increasing gradually year after year and Japan is the biggest software export country of China, and 80% of oversea software orders are from Japan. Japan is also one of the biggest countries in demand of software industry and software service, ranks only after America. 80 billions dollars of software shall be purchased from abroad every year, and 30% of which is from China. Large enterprises like Furukawa Electric spend at least 10 billion YEN on informatization and software outsourcing every year, there is no doubt that it would be a huge market resource as to Chinese enterprises engaged in software export.

Inspur Group is one of the biggest IT industry group in China, and server, software and communication are its three main directions of the development of industry. Recently, Inspur Group established Inspur Shike International Corporation engaged in overseas business. Taking software export as another important development industry after the planning of its internationalization strategy shall become an important strategic procedure of Inspur in the implementation of internationalization strategy.

The Memo of Cooperation Facing the Market of China and the Memo of Cooperation on the Promotion of Informatization Business signed by Inspur Group Co., Ltd. and Furukawa Electric mainly relate to export business of software outsourcing service facing the market of Japan. It is stipulated in the cooperation agreement that Inspur shall share 2.5-3 billion YEN of software outsourcing business of Furukawa Electric every year. The signing of the memo means that the software export industry of Inspur will realize a significant development, which will smooth the way for the internationalization strategy of Inspur.

The signing of the agreement between Inspur Group and Furukawa Electricmade response to the call of provincial Party committee and provincial government of attracting foreign investment and broadened the provincial profit-gaining points; and on the other hand, along with the significant development of software export industry of out province, the whole development of the information industry of our province shall be promoted. In addition, in April of this year, led by Inspur Group, the core software enterprises of Shandong province set up the "Qilu Software Export Alliance", and Inspur will take this as an opportunity, through combining and enhancing the entire strength of software export of enterprises of Shandong, to assist Shandong Province to achieve the goal of being one of the biggest software exportbases of China.

© 2008 Inspur Co.,Ltd