The Ukrainian IT company Intellias concluded the first public agreement on the Japanese market with the company Zenrin, which opens up new prospects for development in the $70 billion market, overcoming the crisis in the industry.
Exit to Japan
New partnership
The leading domestic IT firm Intellias, which unites more than 2000 specialists, signed the first official agreement on the Japanese market with Zenrin. This will allow it to master a new segment estimated at $70 billion, Forbes reports. The cooperation involves the development and support of LBS products, including mapping services for municipalities, delivery and other services. The company already has experience in creating mapping solutions for the automotive industry, Facebook and Alibaba.
Reasons for entering the Japanese market
Entry into the Japanese market is due to the desire to overcome the consequences of the crisis in the Ukrainian IT industry, which caused an almost 8.5% reduction in service exports in 2023. According to Oleksandr Odukha, Intellias vice president for project implementation, it has become more difficult to attract new clients in Ukraine, and the number of contracts has decreased. The Japanese market is seen as an opportunity for the development of a successful business, scaling up activities and increasing the visibility of the company.
The specifics of the Japanese market
Specialists emphasize the features of the Japanese market related to mental and language barriers. However, Intellias is counting on its experience, partnership with Zenrin and the possible opening of a local office to overcome these difficulties.
Future plans
Intellias plans to increase the number of contracts in the Japanese market, focusing on financial services, insurance, telecommunications and other industries. At the same time, the details of the agreement with Zenrin, including its cost, the number of involved specialists and the terms of validity, are not disclosed.
Glossary
- Intellias is one of the leading Ukrainian IT companies specializing in software development.
- Zenrin is a Japanese company, a partner of Intellias in the Japanese market.
- LBS (Location-Based Services) - services that use location information.
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What significant agreement did the Ukrainian IT company Intellias conclude?
Why is Intellias seeking to enter the Japanese market?
What experience does Intellias have in the development of mapping products?
What challenges might Intellias face in the Japanese market?
What are Intellias future plans for the Japanese market?
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Discussion of the topic – The Ukrainian IT company Intellias conquers Japan: the first public contract in the country of the East
Intellias, one of the leading Ukrainian IT companies, signed the first public contract with the Japanese company Zenrin, opening new horizons in the Japanese market, which is estimated at $70 billion.
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Олена
It is interesting that Intellias has decided to enter new markets 💻 Good decision: experience in cartography and car software will be useful 🚗
Тарас
The Japanese market is indeed specific, but promising. Intellias has many advantages - experience and specialization. I wonder if they will work remotely or have an office in Japan? 🤔
Зиґфрид
In my opinion, it is a bold decision to enter a new market now... Although for a company of this level, this is perhaps the only way to grow further 📈 I wonder how they will cope with the language barrier and Japanese specifics?
Ганна
It's definitely interesting! 😍 I advise you not to be afraid of challenges and get the most out of the partnership. Maybe we'll see Intellias on the stock market soon? 💹
Северин
There you have it! 🤨 Whatever you say, the trends have not gone anywhere. Nobody needs your software and maps. Better take something useful, like pancakes 🥞
Влодек
A powerful move for Intellias! 💪 I will follow the progress. I would like to know the details of the project. Do you think Ukrainian specialists will have access to unique Japanese experience and data?
Франческо
Cooperation with Zenrin is the key to success! 🤝 Intellias paves the way for other Ukrainian companies to conquer Asian markets. I would be glad to know about the next deals in Japan, maybe in fintech or insurance? 💰
Марія
This is definitely a big challenge for Intellias, but I think they have every chance to cope. I wonder how they plan to localize the products for the Japanese market 🗾