OKI Enters Strategic Alliance Involving China ATM Business with Digital China
By Business Wire News
By Business Wire News
OKI (TOKYO:6703) today announced that OKI and Digital China Information Service Co., Ltd. (000555.SZ) (“Digital China Information” hereinafter), a Digital China Holdings Limited (“Digital China Holdings” hereinafter) group company, have reached agreement on a strategic business alliance related to ATM business operations in China. Under this alliance, Digital China Information will handle ATM sales and maintenance for financial institutions in China. Leveraging OKI world’s leading developing and manufacturing technologies of cash-recycling ATMs and Digital China Information’s strong customer base and nationwide maintenance support, the two companies are aiming to expand its market share.
Digital China Information is a professional Integrated IT service provider and a subsidiary of Digital China Holdings, the leading Chinese IT enterprise. Ranked first in the Chinese IT service market, Digital China Information has successfully maintained its leading position in the field of bank core systems and other business and channel management solutions over many years. With total assets of 6.4 billion yuan, the company operates 24 subsidiaries and eight regional platforms and representative offices. It draws on a 30-year history of providing IT services in Chinese financial circles, over which time it has developed and accumulated unrivalled professional IT capabilities and industrial experience. Praised by clients for professional quality services in the field of financial equipment, the company offers proprietary products, around-the-clock service, and China’s largest service network of 26 regional and provincial service centers and over 120 maintenance stations. Currently, to further expand its ATM operations, Digital China Information plans to work with partners who offer production bases, extensive real-world experience, and technical expertise.
OKI developed the world’s first cash-recycling ATM in 1982. In 2011, OKI developed an ATM unit capable of simultaneously handling up to 128 denominations.
“We offer industry-leading high quality mechatronics technologies, in addition to high-performance manufacturing and quality management technologies designed to achieve rapid turnaround and high quality,” said Seiji Mouri, Executive Officer and General Manager of OKI’s Systems Hardware Business Division. “After launching our ATM sales in China in 2003, we now hold the leading share of the ATM market. Beyond these achievements, our high quality mechatronics technologies, a competitive edge backed by national production in China, and product development capabilities that meet the needs of the Chinese market have been well received by Digital China Information. These are the factors that have led to the current strategic alliance.”
Moving forward, both companies will take proactive measures to develop the Chinese ATM market by expanding cooperative ties and proceeding with several initiatives, including a joint business venture.
About Digital China Information
Publicly listed in China, Digital China Information Service Co., Ltd. (000555.SZ), a major figure in China’s information service sector, ranks among China’s leading enterprises and holds leading shares of the IT service market in numerous sectors, including finance, telecommunications, government, agriculture, and manufacturing. Over the past three decades, the company has demonstrated a commitment to promoting China’s information-based transformation and the IT industry while providing strategic and specialized IT integration services drawing on its expertise and affiliations. Business areas include technical services, software products and cloud services, finance-specific equipment, and integrated solutions. Website: http://www.dcits.com (Chinese)
About OKI Electric Industry (OKI)
Founded in 1881, OKI Electric Industry is Japan’s leading telecommunications manufacturer in the Info-telecom field. Headquartered in Tokyo, Japan, OKI provides top-quality products, technologies, and solutions to customers through its info-telecom systems and printer operations. Its various business divisions function synergistically to bring to market exciting new products and technologies that meet a wide range of customer needs in various sectors. Visit OKI’s global website at http://www.oki.com/.
- The names of the companies and products mentioned in this document are the trademarks or registered trademarks of the respective companies and organizations.
Oki Electric Industry Co., Ltd.
Mayuko Noto, +81-3-3501-3835
Public Relations Division