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Advantest Establishes New Subsidiary Cloud Testing Service, Inc.

TOKYO--(BUSINESS WIRE)-- Advantest Corporation (TSE: 6857, NYSE: ATE) today announced that it has established a new subsidiary to conduct sales of its CloudTestingTM Service, which provides test solutions utilizing IT and cloud computing technology.

Fusing cutting-edge test technology with cloud computing, Advantest’s new CloudTestingTM Service represents a new concept in semiconductor test: on-demand test solutions tailored precisely to customer needs. The establishment of Cloud Testing Service, Inc. creates a framework for the Advantest Group to provide this new service promptly and flexibly, at a highly competitive price point. The new subsidiary was incorporated on October 1, 2012 and officially launched sales of CloudTestingTM Service today.

Background to the Establishment of Cloud Testing Service, Inc.

Amid rapid technological innovation in the semiconductor industry, Cloud Testing Service, Inc. is poised to make a broad, immediate contribution to R&D testing needs. Customers can download test software and applications from the cloud on demand, selecting the optimal tools for their test and evaluation / analysis requirements.

Advantest has established Cloud Testing Service, Inc. as a new subsidiary to underline the paradigmatic nature of this shift from the existing model of semiconductor test equipment manufacturing and sales to a new business model anchored in internet-based commerce.

Corporate Overview

Registered Name Cloud Testing Service, Inc.
Place of Business Marunouchi 1-6-2, Chiyoda-ku, Tokyo, Japan
Business Description Planning and sales of semiconductor testing services via test IP licensing
Planning CloudTestingTM Station terminals for testing service users
Capital

¥ 300 million

Executives

Representative Director & President

Manabu Kimura

Director

Yoshiaki Yoshida
Director Toshiaki Watanabe
Auditor Takayuki Arai
Revenue Target

¥ 1 billion

Further Inquiries

Cloud Testing Service, Inc.
Marunouchi 1-6-2, Chiyoda-ku, Tokyo, Japan
Tel: +81-3-3214-7716

All information supplied in this release is correct at the time of publication, but may be subject to change.

Advantest Corporation
Hiroki Yanagita, 03-3214-7500
PR/IR Section

Source: Advantest Corporation