Japan’s NS Solutions Joins Force with Alpha JWC Ventures to Support Promising SEA Tech Companies

Jakarta, 19 June 2019 — NS Solutions Corporations announced its investment in the second fund led by Indonesia’s leading venture capital firm Alpha JWC Ventures. The objective of the investment is for to search for promising technology companies in emerging Southeast Asian market, mainly in Indonesia.

NS Solutions is Japan’s leading company specializing in information technology solutions in Japan and internationally. The company was founded by Nippon Steel in 1980 which later merged with Sumitomo Metal Corp. in 2012. It offers services of system integration, cloud computing, and other technology solutions mostly for corporate clients. NS Solutions is headquartered in Chuo-ku, Tokyo and led by President Director Hiroyuki Morita. The company has been listed in Tokyo Stock Exchange since October 2002.

The company is no stranger to Southeast Asian tech market. Since 2011, NS Solutions has established its subsidiaries in Singapore, Thailand, and Indonesia. In 2015, it made an investment to Indonesian company PT. Sakura System Solutions which provides technology services and solutions, from network management to software training, to corporates throughout Indonesia.

Mr. Kei Kobayashi, President Director of NSSOL Systems Indonesia

On the other hand, Alpha JWC Ventures has been operating in Indonesia since 2015 with local on-the ground team and led by partners who have been investing in Southeast Asia’s tech ecosystem since 2010. The firm currently manages two funds of US$ 50 million and US$ 100 million; has 28 active portfolio companies in Indonesia, Singapore, Malaysia, and Vietnam; and has two exits so far: co-working space network Spacemob (acquired by workspace giant WeWork), and business news platform DealStreetAsia (acquired by Financial Times of Nikkei Group).

With the rapid development of digital transformation in Southeast Asian markets, many promising tech ventures have emerged and provide various technology services and solutions reflecting local needs. Through this partnership, which also marks NS Solutions’ first investment in Southeast Asian venture capital, both NS Solutions and Alpha JWC Ventures hope to accelerate the region’s digital economy growth.

“We are impressed with Alpha JWC’s performance so far. They are one of the region’s most active VC with investment in 23 startups in their first fund alone. We also like their approach in managing their portfolio where they provide hands-on support to help the startups grow fast and right. That’s why we want to support them in their endeavor to back the region’s top tech companies,” says Toshiyuki Kajiwara, Director of Global Business Development & Management Department at NS Solutions.

“More than just investment, our two companies will work together in terms of knowledge and network sharing, so not only us, but also our clients, subsidiaries, and portfolio companies can benefit from this partnership.”

NS Solutions will introduce local tech services and solutions of Alpha JWC Ventures’ current and upcoming startups to its local Japanese customers, and thus shall contribute to the startups’ business development. In the same time, through technology alliance, NS Solutions will share its group’s technology and know-how to the startups.

“We are excited to have NS Solutions on board with our mission to further nurture Southeast Asia’s leading tech companies,” says Alpha JWC Ventures’ Co-Founder and Managing Partner Chandra Tjan. “We believe having NS Solutions supporting us and our portfolio companies can bring together the best of Japan and Southeast Asia.”