JR Kyushu System Solutions, the IT systems unit of Japan's Kyushu Railway Company, and Patni Computer Systems Japan, the Japanese arm of Patni, have signed a joint venture (JV) agreement for providing high quality, cost effective IT and product engineering services to the Japanese enterprise market.
The new company called JR Kyushu Patni Systems, in Fukuoka-shi, is a 51:49 partnership between JR Kyushu and Patni Japan respectively.
Kyushu Railway Company is a major railroad company in Japan, and Patni Computer Systems Ltd is a leading global IT and product engineering services provider.
On Tuesday, Patni’s shares ended 1.6% down at Rs580 on the Bombay Stock Exchange, while the benchmark Sensex closed 1% down at 16,617 points.
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