PR92460

SINGAPORE, Oct. 20, 2021 /PRNewswire=KYODO JBN/--

Yokogawa Electric Corporation (TOKYO: 6841) and Web Synergies (S) Pte. Ltd

announce that Yokogawa Electric has invested in Web Synergies, a

Singapore-based company that provides IT and operational technology (OT) / IT

solutions. Yokogawa and Web Synergies have been successfully collaborating on

solutions and services for internal and external digital transformation (DX)

engagements for more than ten years. This equity participation will enhance

this collaboration and complement Yokogawa's DX engineering capabilities to

support regional and global growth with IT and OT/IT driven portfolios and the

shift to the cloud. Web Synergies will also continue to strengthen the value

identification and delivery of Yokogawa's DX engagements.  

This agreement will enable Yokogawa to expand its DX operations by leveraging

Web Synergies' expertise and capacity to deliver cloud services, enterprise

data management and integration, and OT / IT security enhancement to its

customers.

This agreement will also allow Web Synergies to accelerate its geo-expansion

plans via its initiative to strategically establish its operations in Japan,

the Middle East, Europe, and North America. These offices will act as centers

for business development as well as to drive training programs and develop

superior OT / IT talent, thereby enabling digital transformation operations to

easily access a large pool of fully qualified professionals.

"For Yokogawa and for our customers, this equity participation is about

accelerating the application of digital technology such as our Yokogawa Cloud

platform to optimize processes, empower people, and achieve a step-change in

business performance," said Yukihiro Funyu, a Yokogawa Electric vice president

and head of the company's Digital Solutions Headquarters and DX-Platform

Center. "Our work with Web Synergies will support our customers' transformation

into digital enterprises and realize the transformation of business-to-business

transactions to form a system of systems."

"We believe the Yokogawa-Web Synergies partnership will further enhance our

teams' ability to support customer digital transformation journeys towards

sustainable, smart, and autonomous operations regionally and globally," added

Gideon Lim, Founder & CEO, Web Synergies. "This, in turn, will help us design,

develop, and implement bleeding-edge DX solutions to create next-generation

digital workplaces and enterprises with seamless connectivity."

About Yokogawa

Yokogawa provides advanced solutions in the areas of measurement, control, and

information to customers across a broad range of industries, including energy,

chemicals, materials, pharmaceuticals, and food. Yokogawa addresses customer

issues regarding the optimization of production, assets, and the supply chain

with the effective application of digital technologies, enabling the transition

to autonomous operations.

Founded in Tokyo in 1915, Yokogawa continues to work toward a sustainable

society through its 17,500 employees in a global network of 119 companies

spanning 61 countries.

For more information, visit: www.yokogawa.com  

About Web Synergies

Web Synergies (S) Pte Ltd HQ in Singapore, with offices in India and Japan and

a total workforce of over 300 employees is a rapidly growing business software

solutions, data analytics, artificial intelligence, cloud computing, managed

services and bespoke consultancy provider. As a highly regarded partner, the

company has consistently demonstrated its commitment to build and maintain

strategic relationships with the world's leading technology enterprises. Its

focus has always been to deliver exceptional value that exceeds clients'

expectations in Singapore, India, APAC region, the Middle East, Europe and

North America.

For more information, visit: www.websynergies.com

The names of corporations, organizations, products, services, and logos herein

are either registered trademarks or trademarks of Yokogawa Electric

Corporation, Web Synergies (S) Pte Ltd., or their respective holders.

Sources: Web Synergies (S) Pte Ltd