is a Japanese

systems integrator A systems integrator (or system integrator) is a person or company that specializes in bringing together component subsystems into a whole and ensuring that those subsystems function together, a practice known as system integration. They also sol ...

based in

Kasumigaseki Kasumigaseki (霞が関, 霞ヶ関 or 霞ケ関) is a district in Chiyoda, Tokyo, Chiyoda Special wards of Tokyo, Ward in Tokyo, Japan. It is the location of most of Japan's Cabinet of Japan, cabinet ministry offices. The name is often used ...

Chiyoda, Tokyo is a special ward located in central Tokyo, Japan. It is known as Chiyoda City in English.Profile< ...

. It is a publicly traded subsidiary of

Itochu Corporation is a Japanese corporation based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo. It is one of the largest Japanese ''sogo shosha'' (general trading companies). Among Japanese trading companies, it is distinguished by not being descende ...

. CTC is a Japanese partner of numerous multinational IT vendors including

Avaya Avaya Holdings Corp., often shortened to Avaya (), is an American multinational technology company headquartered in Durham, North Carolina, that provides cloud communications and workstream collaboration services. The company's platform inclu ...

, IBM,

Cisco Systems Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, ...

, EMC,

Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...

Hitachi () is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Nissan ''zaibatsu'' and later DKB Group and Fuyo G ...

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washi ...

NetApp NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in San Jose, California. It has ranked in the Fortune 500 from 2012–2021. Founded in 1992 with an IPO in 1995, NetApp offers cloud data service ...

Oracle An oracle is a person or agency considered to provide wise and insightful counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. As such, it is a form of divination. Description The word ...

Symantec Symantec may refer to: *An American consumer software company now known as Gen Digital Inc. *A brand of enterprise security software purchased by Broadcom Inc. Broadcom Inc. is an American designer, developer, manufacturer and global supplier ...

and

VMware VMware, Inc. is an American cloud computing and virtualization technology company with headquarters in Palo Alto, California. VMware was the first commercially successful company to virtualize the x86 architecture. VMware's desktop software ru ...

. The company has offices throughout Japan as well as in the United States, Singapore and Malaysia. The company abbreviation CTC is derived from the company philosophy, "Challenging Tomorrow's Changes". Thus the company is called CTC, especially among computer business in Japan .

History

Itochu (then known as C. Itoh & Co.) set up CTC's predecessor Itochu Data Systems in the early 1970s to sell American computer equipment in Japan. Itochu middle manager Nobuo Hiroi was tapped to head the company and hired a number of outside employees such as Hiro Satake, a former Japan salesman for NCR. He also introduced a merit pay system, which was rare in Japan at the time. In 1983, CTC became a distributor for

Sun Microsystems Sun Microsystems, Inc. (Sun for short) was an American technology company that sold computers, computer components, software, and information technology services and created the Java programming language, the Solaris operating system, ZFS, t ...

and helped to pioneer

workstation A workstation is a special computer designed for technical or scientific applications. Intended primarily to be used by a single user, they are commonly connected to a local area network and run multi-user operating systems. The term ''workst ...

-based computing in Japan. Satake became president in 1994 and inked sales relationships with

and

. In the late 1990s, as Itochu reeled from losses from the

Japanese asset price bubble The was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In early 1992, this price bubble burst and Japan's economy stagnated. The bubble was characterized by rapid acceleration of ...

, Itochu president Uichiro Niwa decided to float CTC on the stock market. CTC had its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

in December 1999, and its

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by ...

immediately exceeded that of its parent company Itochu; one year later CTC was valued at around $20 billion while Itochu was valued at only $8 billion.

References

External links

Official website
{{Authority control Companies listed on the Tokyo Stock Exchange Service companies based in Tokyo Telecommunications companies based in Tokyo Computer security companies Cloud computing providers Information technology consulting firms Japanese companies established in 1979 Itochu Telecommunications companies established in 1979