TOKYO and SAN MATEO, Calif., March 28, 2013 /PRNewswire/ -- Nippon Telegraph and Telephone Corporation ( TOKYO: 9432; NYSE: NTT), the world's largest global IT and telecommunications services holding company, will establish NTT Innovation Institute, Inc. (NTT I 3), a new R&D center in San Mateo, California on April 1 to accelerate the development and provision of highest-grade information security and cloud computing technologies.
As a wholly-owned subsidiary of NTT, NTT I 3 will initially focus on promoting the development of services tailored to the North American market. Best practices concerning intellectual property solutions applied in a modular format in North America will be rolled out globally, including Japan and emerging countries.
In the rapidly changing field of cloud computing, cloud service providers are required to roll out competitive, market-driven services quickly.
In line with its medium-term management strategy "Towards the Next Stage," announced on November 8, 2012, the NTT Group is strengthening its global cloud services as a key pillar of growth. With one of the largest R&D budgets, now $3.5 billion annually, the NTT Group is focused on both advanced and applied research and development. At a new R&D center, NTT and its group companies are collaborating on the development of new services to gain a competitive edge by combining their technical capabilities and intellectual property expertise, as well as by incorporating open innovation."Establishing a new R&D center in North America will enable NTT and its group companies to quickly develop intellectual property tailored to the specific needs of the most rapidly-changing market in the world," said Hiroo Unoura, President and CEO of NTT. "The NTT Group is committed to accelerating global business expansion in order to provide value-added services to its customers." About NTT NTT (Nippon Telegraph and Telephone Corporation) is the world's largest global IT and telecommunications services company ranked 29th on Fortune's Global 500 list. The company dates back over a century to the introduction of the telegraph in Japan, and focuses today on the innovation of cloud, mobile, network and communications technologies. The company recorded operating revenues of US $130 billion for the fiscal year ended March 31, 2012 and employs over 220,000 people worldwide. NTT's group companies include NTT EAST and NTT WEST ( Japan's regional fixed-line telecom carriers), NTT DOCOMO (mobile operator), NTT Communications and Dimension Data (international communications and ICT solution providers) and NTT DATA (systems integrator and IT consultant). For more information, visit www.ntt.co.jp/index_e.html. SOURCE NTT Corporation