Mitsubishi Corp forms new tech business, MC Digital
The new subsidiary will promote the development of new services that leverage digital technologies.
Mitsubishi Corporation (MC) today announces the establishment of a new, wholly owned tech subsidiary called MC Digital, Inc., which is poised to advance its digital strategies.
Mitsubishi Corporation explains that, over the past several years, the evolution of digital technologies and rise of platform developers have escalated business-model reforms throughout industry. One of the overarching objectives of MC’s latest medium-term management plan is to strengthen its IT capabilities, and the company has been looking at a number of ways to propel its digital transformation.
MC Digital was established to internalize the core technologies and development functions necessary for MC to take greater advantage of cutting-edge advances in the digital tech area.
This new subsidiary will be used to promote the development of new services that leverage digital technologies, the main purpose of which will be to augment strategies conceived by those spearheading MC’s latest business ventures. MC Digital will also evaluate the advanced technologies of MC’s partners when MC is considering alliances or M&As.
MC has rather ambitious goals for the new business. The ultimate plan for this new subsidiary is for it to evolve into one of Japan’s most well-known tech companies, one capable of returning the merits of its accumulated, industry-wide IT expertise to MC Group companies and collaborating with them to enhance corporate value.
To substantiate this plan, MC Digital has already recruited an IT professional from outside the MC Group to serve as its Chief Technology Officer, and it continues to bring in other top-notch professionals to solidify its workforce, including UI/UX designers and engineers with advanced machine learning and software skills. MC Digital plans to have about 20 – 40 employees within the next few years.
MC Digital’s staff will be comprised of several employees dispatched from MC, including two officers (its CEO and COO) and managers in charge of new business development. By uniting those employees with its own core staff, the subsidiary will seek to realize MC’s digital strategies and create new and innovative services.
