XMetaL Announcements and Events
Dave Abustan April 23, 2009 at 12:47 am
[JustSystems] JustSystems Fortifies $44.7M Strategic Alliance with KeyenceApril 23, 2009 at 12:47 amParticipants 1Replies 0Last Activity 12 years, 6 months ago
JustSystems Fortifies $44.7M Strategic Alliance with Keyence
Keyence Takes 44% Stake in JustSystems, Provides Financial Stability and Enterprise Opportunities into Fortune 2000 Manufacturing Companies
NEW YORK and VANCOUVER — April 21, 2009 — JustSystems, the largest independent software vendor in Japan and a worldwide leader in XML and information management technologies, today announced it has formed a strategic alliance with Keyence Corp., a leading supplier of sensors for factory automation (FA) and measuring instruments. By acquiring approximately 44 percent of JustSystems Corp. for $44.7 million, Keyence provides JustSystems financial stability and enterprise opportunities into Fortune 2000 manufacturing companies.
“Together, JustSystems and Keyence enjoy tremendous synergies that promise new directions for growth as well as reinforced financial stability to weather the current economic downtown,” said Aaron Deitcher, vice president of North America and EMEA for JustSystems. “The XMetaL group in North America and Europe has been able to maintain a stronghold as leader in the XML content creation and collaboration market. The working capital infused into our Japanese parent company provides us confidence to continue to build on our momentum and create strong growth for the XMetaL business.”
Objectives of the Alliance
Three Keyence directors will join the JustSystems board of directors while the JustSystems management team will remain in place to lead the company.
Keyence strengths in planning, business know-how, and financial stability underpin key objectives of the alliance, including:
- introducing and leveraging Keyence’s business know-how to expand JustSystems’ software business in Japan,
- increasing JustSystems’ working capital, and
- reducing JustSystems’ debt.
Keyence's sensors, vision systems, and high definition microscopes are part of the manufacturing and research processes in a variety of industries, including the electronic, semiconductor, automotive, food and packaging, biotechnology, and pharmaceutical industries. Going forward, Keyence is poised to expand its factory automation hardware, with opportunities to leverage JustSystems’ software expertise to offer complete, end-to-end solutions that include both hardware and software.
Deitcher said, “Given current global economic conditions, major enterprises are tending to decrease IT-related budgets. That’s creating a great deal of adversity for our competitors and for the IT industry as a whole. Yet difficult times can offer rich opportunities for companies that stay focused on bringing value and ROI to their customers, and our alliance with Keyence positions us to endure these difficult times and emerge stronger and better positioned for the eventual recovery.”
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JustSystems is a leading global software provider with three decades of successful innovation in office productivity, information management, and consumer and enterprise software. With over 2,500 customers worldwide, the company is continuing a global expansion strategy based on its xfy enterprise software, XMetaL content lifecycle solutions, and its pioneering work in enabling XBRL financial reporting technologies. JustSystems is one of the 2008 KMWorld 100 Companies that Matter in Knowledge Management, a 2008 EContent 100 member, and was recognized on the 2008 KMWorld Trend-Setting Product list for XMetaL. Major strategic partnerships include IBM, Oracle and EMC. For more information, please visit http://www.justsystems.com.
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