Canon IT Solutions Inc. (キヤノンITソリューションズ株式会社, Kyanon Ai-Tī Soryūshonzu Kabushiki-gaisha) is a Japanese company headquartered in Tokyo, Japan, that offers IT services.
Overview
Originally, in 1982, Sumitomo Metal System Developments Inc. was established by Sumitomo Metal Industries Ltd.[1][2] In 2000, Sumitomo Metal System Developments Inc. and Sumitomo Metal Software Factory Inc. were merged, then the company name was changed to Sumitomo Metal System Solutions Inc.. In 2002, Canon Marketing Japan Inc. acquired Sumitomo Metal System Solutions Inc. from Sumitomo Metal Industries Ltd., and then the company name was changed to Canon System Solutions Inc.[3]
On the other hand, in 1984, Algo 21 Inc. was established by Nihon Unisys Ltd. (Unisys of Japan). In 2007, Canon Marketing Japan Inc. acquired Algo 21 Inc. from Nihon Unisys Ltd. In 2008, Canon Marketing Japan Inc. merged Canon System Solutions Inc. and Algo 21 Inc., then the company name was changed to Canon IT Solutions Inc.[4][5]
Canon IT Solutions Inc. is not a subsidiary of Canon Inc., but a second-generation subsidiary of Canon Inc., because Canon Marketing Japan Inc. has 100% equity in Canon IT Solutions Inc.