NTT Com Acquires Stake in goFLUENT Group
By Ntt Communications, PRNEWednesday, January 6, 2010
TOKYO, January 7 - NTT Communications (NTT Com) announced on January 7 plans to launch
online educational services in Japan following its acquisition of a 29.7
percent stake in goFLUENT Group S.A. (goFLUENT), a provider of online
English-language instruction. The two will partner in developing the business
plan and services to be introduced in the Japanese market.
Established in 2000, goFLUENT has developed advanced expertise for the
provision of online English instruction. It currently has about 30,000
students, mainly enterprise customers in nine countries worldwide, who
receive remote English-language instruction from about 300 tutors based in
the United States, Canada and the Philippines. The company estimates it had
revenues of about 11 million euros (about 1.5 billion yen) in 2009.
Through the capital alliance, NTT Com intends to launch educational
services in Japan that will combine the company's visual communication and
other ICT solutions with goFLUENT's online English-training know-how.
Specific services will include the online provision of English training for
enterprise personnel as well as individual customers of Internet services
offered by the NTT Com Group, such as OCN-brand service. Customers also will
be developed in collaboration with NTT Com's parent company, Nippon Telegraph
and Telephone Corporation, and its Group activity of online English training
service.
NTT Com expects the services to benefit from a growing demand for English
training in Japan at a time when companies are globalizing their operations
and English education has become a compulsory subject beginning from
elementary school. The increasing ubiquity of broadband networks and the
spread of teleconference services are expected to accelerate the spread of
online English education.
For goFLUENT, the capital alliance will create growth opportunities in
Asian markets through collaboration with NTT Com, which has a strong market
presence and significant resources, especially in Japan. The goFLUENT
organization currently has bases in nine countries worldwide: Canada, France,
Germany, Italy, the Philippines, Russia, Spain, Switzerland and USA.
About NTT Communications Corporation
NTT Communications provides a broad range of global networks, management
solutions and IT services to customers worldwide. The company is renowned for
reliable, high-quality security, hosting, voice, data and IP services, as
well as expertise in managed networks and leadership in IPv6 transit
technology. NTT Communications' extensive infrastructure includes Arcstar(TM)
Global IP-VPN and Global e-VLAN, as well as a Tier-1 IP backbone reaching
more than 150 countries in partnership with major Internet service providers,
and secure data centers in Asia, North America and Europe. NTT Communications
is the wholly-owned subsidiary of Nippon Telegraph and Telephone Corporation,
one of the world's largest telecoms with listings on the Tokyo, London and
New York stock exchanges. Please visit www.ntt.com/index-e.html.
About goFLUENT Group S.A.
goFLUENT is a worldwide leading provider of distance English training
solutions for corporations, schools and individuals. Since 2000, goFLUENT has
become one of the leading companies in the online English training industry,
who focuses on the communication skills, its international presence which
serves its global customers, and its comprehensive and integrated offers of
distance training solutions (Live, eLearning, Audit/Test). With a team of 500
employees, goFLUENT has taken a strong lead in the English training market
and is proud to serve more than 2,000 corporate clients worldwide. Please
visit www.gofluent.com/web/us.
Contact: (Ms.) Yasuko Oka or (Mr.) James Corbett Public Relations Office NTT Communications Tel: +81-3-6700-4010 e-mail: hodo-cp@ntt.com
Ms. Yasuko Oka or Mr. James Corbett, both of the Public Relations Office of NTT Communications, +81-3-6700-4010, hodo-cp at ntt.com
Tags: Japan, Ntt Communications, Tokyo, Western Europe