Brief: JR Holding Signs Letter Of Intent with KBJ On Cooperation

KBJ SA

02/10/2020 07:44

Oct 2 (Reuters) - JR Holding SA  JRH.WA :
    * SAID ON THURSDAY THAT IT HAS SIGNED LETTER OF INTENT WITH
KBJ 
    * UNDER LETTER OF INTENT THE PARTIES HAVE STARTED
NEGOTIATIONS
REGARDING POTENTIAL COOPERATION ON DEVELOPMENT OF "DIGITAL
BUSINESS" STRATEGY IN JRH WITH THE USE OF KNOW-HOW AND RESOURCES
OF KBJ
    * THE FRAMEWORK SCOPE OF THE POTENTIAL COOPERATION DEFINED
AS THE
AREA OF "DIGITAL BUSINESS" WILL CONCERN AREAS IN WHICH JRH PLANS
TO INVEST THAT INCLUDE ARTIFICIAL INTELLIGENCE AND MACHINE
LEARNING (AI&ML), PREDICTIVE ANALYTICS, BUSINESS ANALYTICS,
SOFTWARE AND SERVICES PROVIDED IN THE SAAS MODEL WITH USE OF
CLOUD, DIGITAL TRANSFORMATION OF THE LARGE ENTERPRISE SECTOR,
AUTOMATION AND ROBOTISATION OF BUSINESS PROCESSES AND OTHER
INFORMATION TECHNOLOGIES
    * KBJ WILL SUPPORT JRH'S INVESTMENTS TO MAXIMIZE THE RATE OF
RETURN AT AN ACCEPTABLE RISK LEVEL BY PROVIDING ACCESS TO
SPECIALIST KNOWLEDGE, TOOLS AND RESOURCES IN THE FIELD OF
DIGITAL BUSINESS; SUPPORT IN THE SELECTION PROCESS OF INVESTMENT
PROJECTS; PROVIDING KNOW-HOW IN THE AREA OF BUILDING AND
DEVELOPING IT COMPANIES; PROVIDING ACCESS TO MANAGERIAL STAFF;
JOINT PROMOTION OF INVESTMENT PROJECTS AND THEIR
SERVICES/PRODUCTS IN THE GROUP OF KBJ CLIENTS; OWNERSHIP
SUPERVISION ON BEHALF OF JRH OVER "DIGITAL BUSINESS" INVESTMENTS
    * THE PARTIES HAVE DECLARED TO SIGN COOPERATION DEAL BY
OCTOBER 30
   

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6bXTzka
    
 Further company coverage:  JRH.WA  
   


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