Intersolv Inc., a computer software solution supplier based in Maryland, announced Feb. 5 that it has established a wholly owned subsidiary in Japan.
The new firm, Intersolv K.K., will concentrate on offering Japanese companies solutions for connecting different platforms with databases, an area where Intersolv products have become a de facto standard, officials said. The firm's products can also help clients deal with the so-called "year 2000 problem" by enabling them to smoothly replace the whole system application with one that recognizes the change of the century.
Panos Anastassiadis, a senior Intersolv vice president, told a news conference that the Japanese market has now become the firm's second largest after the U.S., providing larger profits than Britain and Germany combined. In Japan, Intersolv started doing business four years ago by setting up two joint ventures with Japanese firms. The two joint ventures' combined revenue made up 10 percent of Intersolv's worldwide revenues last year, according to Anastassiadis.