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February 13, 2006

Net One Systems and Japan Business Systems agree to make JBS Technology's technical outsourcing business, a joint venture

Net One Systems Co., Ltd. and Japan Business Systems Inc. agree to make JBS Technology’s technical outsourcing business, a joint venture.The companies aim to realize rapid development of engineers with expertise in both IT and IP networks

Net One Systems (hereinafter, Net One. Headquarters: Shinagawa-Ku, Tokyo, President & CEO: Osamu Sawada) and Japan Business Systems Inc. (hereinafter, JBS. Headquarters: Minato-Ku, Tokyo, President & CEO: Yuki Makita) have agreed on making JBS’s subsidiary, JBS Technology Inc. specializing in technical outsourcing business (hereinafter, JBS Technology. Headquarters: Minato-Ku, Tokyo, President & CEO: Ikutaro Muki) a joint venture company.

To address the needs of the market, which is evolving to integrate IT and IP networks, Net One and JBS will utilize JBS Technology to develop engineers with expertise in areas of both computer systems including servers and networks.By 2010, the companies plan to increase the number of dispatch engineers to system integrators and network integrators to 800 and aim for sales of 6 billion yen.Through exchanging technical knowledge and know-how, the companies aim to increase the expertise level of existing engineers.

■ Rapidly promote development of engineers capable of meeting the needs of IT and IP network integration

JBS Technology provides residing engineer dispatch services for IT environment creation, operation and maintenance services.In addition to dispatching engineers, the company provides integrated support ranging from proposals to operations and failure recoveries.In addition to gaining expertise in computer system technology and know-how related to servers, etc. from JBS, JBS Technology’s parent company, through utilizing Net One’s technologies, the companies aim to promote rapid development of engineers.

To realize this joint venture, Net One will subscribe for JBS Technology’s allocation of new shares to a third party and send two board members and one auditor to JBS Technology.Total subscription price is 120M yen and the payment will be finalized at end of March 2006.As a result of this, JBS Technology’s capital ratio will be JBS 59: Net One 41.

[NOTE]
Japan Business Systems Inc.　　http://www.jbs.co.jp/
JBS Technology Inc.　　http://www.jbst.co.jp/