|Wednesday, 14 February 2018, 12:06 HKT/SGT|
|- Investment upgrades DENSO's system to develop cloud solutions and open source software, promotes agile product development -|
KARIYA, JAPAN, Feb 14, 2018 - (JCN Newswire) - DENSO Corporation today announced that it has taken an equity stake in CREATIONLINE, Inc., which excels at deploying and integrating cloud and other technologies that enable next-generation software development, including open source software.
The auto industry is undergoing a once-in-a-century paradigm shift. Competition continues to intensify as new players from other industries enter the market and as speed to market also increases. DENSO invests in companies both within and outside the automotive industry in order to pioneer future mobility solutions and products more nimbly, blending its existing technologies and automotive component expertise with new perspectives and agile R&D processes.
CREATIONLINE is one of few companies in Japan with a strong track record developing technologies using an open source and agile software development approach(1), both crucial for future connected vehicles. This equity participation will enable DENSO to harness the skills of CREATIONLINE's IT engineers, who are developing advanced technologies key to growing connectivity-related business. DENSO will also participate in various open source communities(2) organized or co-organized by CREATIONLINE to strengthen its own world-class software-oriented development system.
(1) A development technique in which each process is performed quickly to complete software with minimal functionality instead of going through the entire sequence of processes including requirements specification, design, implementation, and testing.
(2) Organizations that are run by volunteers mainly to develop and improve open source software (OSS) and share information.
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has more than 220 subsidiaries in 35 countries and regions (including Japan) and employs approximately 170,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2018, totaled US$48.1 billion. Last fiscal year, DENSO spent 8.8% of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.
For more information, go to www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/.
Sadayoshi Yokoyama, Toshiko Watanabe
Feb 14, 2018 12:06 HKT/SGT
Topic: Press release summary
From the Asia Corporate News Network
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