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BroadVision , 4 others to form joint firm

TUESDAY, SEPTEMBER 5, 2000 2:05:00 AM EST
TOKYO, Sept 5 (Reuters) - BroadVision Inc, a California-based e-commerce software company, said on Tuesday it and four other firms would form an equally-owned joint venture to offer business-to-business e-commerce software and services.

The four other firms are Itochu Corp 8001, a major Japanese trading house, Itochu Techno-Science Corp 4739, Itochu`s information processing unit, ACCESS, an unlisted Japanese provider of non-PC software, and H&Q Asia Pacific, a California-based investment firm.

The new firm named B-Mobile Corp, to be formed in October in Tokyo, will provide a service for Internet-based business transactions via wireless networks such as mobile phones and personal digital assistants (PDAs) from January 2001 in Japan, the five firms said in a joint statement.

The new company aims at annual sales of 300 million yen in the first year and 900 million yen in the second year.

Japan`s overall mobile commerce market is expected to grow to 58.6 billion yen by the year to March 2004 from an actual one billion yen in 1999/2000, according to industry estimates.

The new company plans to team up with NTT Communications Inc, a unit of Nippon Telegraph and Telephone Corp 9432, on using NTT Communications` network system and data centre, they said.

By 0537 GMT, Itochu`s shares were down 0.41 percent at 487 yen. Itochu Techno-Science`s shares were up 0.22 percent at 18,490 yen.

Rtr 02:05 09-05-00


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Copyright 2000, Reuters News Service

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