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NTT Data, Microsoft, Compaq tie-up for e-com firm

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CIOL Bureau
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TOKYO: NTT Data Corp, Microsoft Corp and Compaq Computer Corp's Japanese unit

will form an electronic commerce firm in August to provide software for firms, The

Nihon Keizai Shimbun
reported Thursday.

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NTT Data, a subsidiary of dominant telecom carrier Nippon Telegraph and

Telephone Corp would take a majority stake in the company, which will be

capitalized at 400 million yen ($3.21 million). Microsoft and Compaq are likely

to split the remaining stake equally, the business daily said.

The new company, which will aim for three billion yen in sales in the 2003

financial year, will offer software that allows other companies to sell their

goods and services online using software that manages inventory, orders and

settlement.

As companies increasingly turn towards the Internet to offer their goods and

services more efficiently, companies like BEA Systems Inc have been offering

electronic commerce software to meet their needs.

(C) Reuters Limited 2001.

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