Qoria and SoftBank Join Forces to Enhance Digital Wellbeing for Japanese Families
QOR (QOR) Share Update November 2024 Tuesday 19th
Qoria Partners with SoftBank to Launch Digital Wellbeing in Japan
Qoria Limited, through its division Qustodio, has announced a strategic partnership with SoftBank's subsidiary BBSS Corporation to bring digital wellbeing solutions to Japan in early 2025.
Instant Summary:
- Qoria partners with SoftBank's BBSS to launch digital wellbeing tools in Japan.
- Qustodio's solutions are trusted by over 6 million families worldwide.
- The partnership aims to meet the growing demand for digital wellbeing tools in Japan.
- Qustodio to provide licensing, integration, and service commitments to BBSS.
Strategic Partnership Announcement
Qoria Limited, through its division Qustodio, has formed a strategic partnership with BBSS Corporation, a subsidiary of SoftBank Corp. This collaboration aims to introduce Qustodio's digital wellbeing and parental control solutions to Japanese families starting in early 2025. The partnership combines Qustodio's expertise in online safety with BBSS's extensive experience in security services in Japan.
Goals and Objectives
The primary goal of this partnership is to address the increasing demand for comprehensive digital wellbeing tools in Japan. Qustodio's platform, which integrates AI technology with intuitive management features, provides deep insights into online behavior and ensures high-level protection. Japanese families will gain access to a powerful set of tools designed to create a safer digital environment at home.
Statements from Leadership
Viktorija Miliajeva, CEO of Qustodio, expressed enthusiasm about the partnership, stating, 'Partnering with BBSS allows us to bring our cutting-edge digital wellbeing solutions to Japan, a market known for its high standards of technology and security.' Shinya Honda, President and CEO of BBSS, also highlighted the importance of this collaboration in safeguarding the digital experiences of Japanese families.
About the Companies
Qustodio is a world leader in online safety and digital wellbeing for families, helping over 6 million families protect children from online harm while promoting healthy digital habits. BBSS Corporation specializes in security software services and is a key player in Japan's IT landscape, leveraging its experience in the telecommunications industry.
Partnership Details
The agreement allows Qustodio to license BBSS to provide parental control and digital wellbeing solutions to Japanese customers. The contract term is unlimited and non-exclusive, with Qustodio providing integrations, service levels, and feature roadmap commitments. Although the financial impact of the agreement is not forecasted, it is considered strategically important by Qoria.
The partnership between Qoria and SoftBank's BBSS is likely to strengthen Qoria's position in the digital wellbeing market, particularly in Japan. This move could enhance Qoria's market share and brand recognition in a region known for its technological advancements. The collaboration may also positively influence Qoria's stock, as investors anticipate growth opportunities in the Japanese market.
Investor Reaction:
Analysts might view this partnership as a strategic move to tap into the growing demand for digital wellbeing solutions in Japan. The collaboration with a reputable company like SoftBank could boost investor confidence in Qoria's growth prospects.
Conclusion:
Investors should keep an eye on the rollout of Qustodio's solutions in Japan and assess the potential impact on Qoria's market position. This partnership represents a significant step forward in expanding Qoria's global reach and enhancing its digital wellbeing offerings.