NRI Completes Acquisition of Anshin Software

Tokyo - 5 July 2012

Toru Watanabe, NRI FT India CEO, to head new office branch

Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, today announced it has completed the acquisition of Anshin Software Pvt. Ltd. (Anshinsoft), an IT consulting and software development company, establishing the firm’s second group company in India – Nomura Research Institute Financial Technologies India Pvt. Ltd. (NRI FT India). The new office’s primary function is customer support and IT services, financial services R&D, as well as software development.

Kolkata, West Bengal, India-based NRI FT India will look to effectively utilize the strong local IT employee base to support NRI’s ongoing global expansion. The cost of the acquisition was 5.7 million Indian rupees ($100,202 USD).

“We are pleased to complete the purchase of Anshin Software,” said Shin Kusunoki, Corporate Senior Vice President and Asset Management Systems Division Manager, NRI. “By accelerating the recruiting of high caliber IT personnel locally, NRI looks to continue to implement these global expansion efforts effectively.”

Toru Watanabe, NRI FT India CEO, will take the role of president of the new office, which opened in July 2012 with 180 employees.

* Change in corporate name “Nomura Research Institute Financial Technologies India Pvt. Ltd.” is under application for approval.

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