FUJITSU FRONTECH and Chungho ComNet have jointly established FUJITSU FRONTECH CHUNGHO GLOBAL PRODUCTS Co. Ltd. to undertake development work in relation to the goals set by the establishing companies to expand cash management/settlement April 26, 2018 processing solutions and products as well as ATMs and related software business for global markets. Chungho ComNet is a solution provider for the finance sector in areas such as ATMs. They have excellent human resources and know how nurtured in system development and production over the last 30 years.

And, in recent years, they have expanded beyond South Korea, to develop their business in multiple countries and regions, including Europe, Americas, China, Russia and South Africa. FUJITSU FRONTECH works worldwide in places like Japan, Europe, Americas and Asia providing ATMs, cash management systems for retail segment, self-checkout systems, cash handling modules, as well as products such as RFID and palm vein authentication devices. Both companies have been cooperating with each other since 2011 in the ATM business, with FUJITSU FRONTECH supplying mechanical components and Chungho ComNet promoting expansion of sales in the South Korean market.

Here on, through the services of the New Company, both companies will strive to expand their each business further. By forming new company, FUJITSU FRONTECH Group intends to enhance its product development capabilities and cost-competitiveness, and also to expand product portfolio to meet the needs of customers. Furthermore, the New Company enables to expand product and solution business in global markets that not only serve the financial institute sector but also other fields such as retail.

And the aim is to reach sales of JPY 20 billion over the next three years.