Nomura Research Institute, Ltd. (NRI) (TOKYO: 4307), a leading provider of consulting services and system solutions, announced that it has completed the acquisition of Anshin Software Pvt. Ltd. (Anshinsoft), an IT consulting and software development company, establishing the firm's second group company in India C Nomura Research Institute Financial Technologies India Pvt. Ltd. (NRI FT India). The new office's primary function is customer support and IT services, financial services R&D, as well as software development.
Kolkata, West Bengal, India-based NRI FT India will look to effectively utilize the strong local IT employee base to support NRI's ongoing global expansion. The cost of the acquisition was 5.7 million Indian rupees ($100,202 USD).
"We are pleased to complete the purchase of Anshin Software," said Shin Kusunoki, Corporate Senior Vice President and Asset Management Systems Division Manager, NRI. "By accelerated recruit high caliber IT persons locally and looks to continue to implement these global expansion efforts effectively."
Toru Watanabe, NRI FT India CEO, will take the role of president of the new office, which opened in July 2012 with 180 employees.
* Change in corporate name "Nomura Research Institute Financial Technologies India Pvt. Ltd." is under application for approval.
Nomura Research Institute, Ltd. (NRI) (TOKYO: 4307) is an independent, global IT solutions and consulting services provider with annual sales of 335.5 billion yen as of FY ended March 2012. With front-to-back support for the buy- and sell-side, NRI's tradition of innovation has positioned them as a trusted international market leader. Leveraging NRI's global consulting business, NRI is able to provide innovative financial IT solutions for investment banks, asset managers, banks and insurance providers. For more information, visit www.nri.co.jp/english.