SAN MATEO, Calif.
March 28, 2013
/PRNewswire/ -- Nippon Telegraph and Telephone Corporation (
: 9432; NYSE: NTT), the world's largest global IT and telecommunications services holding company, will establish NTT Innovation Institute, Inc. (NTT I
), a new R&D center in
San Mateo, California
to accelerate the development and provision of highest-grade information security and cloud computing technologies.
As a wholly-owned subsidiary of NTT, NTT I
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
will be rolled out globally, including
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
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
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
, 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."
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
, and focuses today on the innovation of cloud, mobile, network and communications technologies. The company recorded operating revenues of US
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 (
'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
SOURCE NTT Corporation