FRONTEO Signs Memorandum of Understanding with Idea Capital Group for Expansion into the Chinese Market

Tuesday, January 24, 2017 - 15:22

FRONTEO, Inc., a leading provider of global eDiscovery and big data analysis services utilizing artificial intelligence technology, announced today that it has signed a Memorandum of Understanding (“MOU”) with Idea Capital Group (“ICG”), a Chinese investment and advisory group, in order to expand its eDiscovery services in China.

Upon signing the MOU, ICG will provide full support to FRONTEO to enter the Chinese market by establishing a subsidiary company to be in charge of the eDiscovery business in China.

FRONTEO is a leading global provider of eDiscovery consulting services. The Company has experiences with more than 900 litigations in fields such as patent, antitrust, and product liability law. In particular, FRONTEO’s proprietary eDiscovery solution is highly regarded as a product tailored for the Chinese market given its capabilities in analyzing data of different document types in Asian languages, including Chinese.

“China was ranked number one for five consecutive years in terms of the number of patent applications filed each year, and this number surpassed one million last year. Further, the number of patent litigations has skyrocketed, which leads to increased demand for eDiscovery services in China,” said Yongmin Cho, CEO of FRONTEO Korea. “We are extremely excited about the cooperation with ICG and the business opportunities it represents for FRONTEO in China.”

“FRONTEO is a global eDiscovery services provider that delivers eDiscovery services across Asia, the United States and Europe. We believe that with our technology and know-how, we will help Chinese corporations achieve more successful outcomes in international litigations,” Mr. Cho added.

In recent years, FRONTEO has been focused on expansion into the global markets, operating more than 20 offices in seven countries, including South Korea, Japan and the United States. Last month, the Company opened a new service center in London to meet the growing demand for eDiscovery services in Europe and the Middle East.