News Release

Epson Makes Software Development Company Avasys Corporation a Subsidiary

- Aims to increase competitiveness of products by boosting software development capability -

- TOKYO, Japan, March 3, 2015 -

Seiko Epson Corporation (TSE: 6724, "Epson") today announced it had acquired a majority stake in software development company Avasys Corporation, and that the latter had as a result become a subsidiary company.

Avasys has capability and expertise in areas such as developing embedded software for information-related and industrial equipment, and in creating cloud-based applications. Since Epson first took an equity stake in 1990, Avasys has fulfilled its role as a business partner by contributing to the overall competitiveness of Epson products by developing embedded software for printers.
With Avasys' wealth of knowledge about Epson products, Epson believes that making the company a subsidiary will boost the Epson Group's ability to plan and develop software, and will accelerate its efforts to create a range of ever more attractive products including wearables and industrial equipment.

Going forward, Epson aims to continue to leverage its innovative technologies to provide products and services that exceed the expectations of its customers.

Outline of Avasys Corporation

Company name Avasys Corporation
Address 1077-5 Ueda Research Park, Shimonogo, Ueda, Nagano 386-1214, Japan
Locations Head Office, Ueda Plant and Shiojiri Plant, all Nagano, Japan
President Toshihiko Ogasawara
Founded April 1980
Capital 302 million yen
Revenue 3.55128 billion yen (year ended March 2013)
No. of employees 390 (as of February 1, 2015)
Business lines
  • Embedded system development
  • Business system development
  • Application system development
  • Third-party software testing
  • Technical communications services (manual creation and translation)
  • Research & development of the above

See the Avasys Corporation website for more details.

About Epson
Epson is a global innovation leader dedicated to exceeding expectations with solutions for markets as diverse as the office, home, commerce and industry. Epson's lineup ranges from inkjet printers, printing systems and 3LCD projectors to industrial robots, smart glasses and sensing systems and is based on original compact, energy-saving, and high-precision technologies.
Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 72,000 employees in 94 companies around the world, and is proud of its ongoing contributions to the global environment and the communities in which it operates.

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