Advantest Establishes New Subsidiary Cloud Testing Service, Inc.
Advantest Establishes New Subsidiary Cloud Testing Service, Inc. Business Wire TOKYO -- October 02, 2012 Advantest Corporation (TSE: 6857, NYSE: ATE) today announced that it has established a new subsidiary to conduct sales of its CloudTesting^TM Service, which provides test solutions utilizing IT and cloud computing technology. Fusing cutting-edge test technology with cloud computing, Advantest’s new CloudTesting^TM Service represents a new concept in semiconductor test: on-demand test solutions tailored precisely to customer needs. The establishment of Cloud Testing ^ Service, Inc. creates a framework for the Advantest Group to provide this new service promptly and flexibly, at a highly competitive price point. The new subsidiary was incorporated on October 1, 2012 and officially launched sales of CloudTesting^TM Service today. Background to the Establishment of Cloud Testing Service, Inc. Amid rapid technological innovation in the semiconductor industry, Cloud Testing ^ Service, Inc. is poised to make a broad, immediate contribution to R&D testing needs. Customers can download test software and applications from the cloud on demand, selecting the optimal tools for their test and evaluation / analysis requirements. Advantest has established Cloud Testing ^ Service, Inc. as a new subsidiary to underline the paradigmatic nature of this shift from the existing model of semiconductor test equipment manufacturing and sales to a new business model anchored in internet-based commerce. Corporate Overview Registered Name Cloud Testing Service, Inc. Place of Business Marunouchi 1-6-2, Chiyoda-ku, Tokyo, Japan Planning and sales of Business Description semiconductor testing services via test IP licensing Planning CloudTesting^TM Station terminals for testing service users Capital ¥ 300 million Executives Representative Director & Manabu Kimura President Director Yoshiaki Yoshida Director Toshiaki Watanabe Auditor Takayuki Arai Revenue Target ¥ 1 billion Further Inquiries Cloud Testing Service, Inc. Marunouchi 1-6-2, Chiyoda-ku, Tokyo, Japan Tel: +81-3-3214-7716 All information supplied in this release is correct at the time of publication, but may be subject to change. Contact: Advantest Corporation Hiroki Yanagita, 03-3214-7500 PR/IR Section