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HeartCore Enters into a Sales Collaboration with Tosho Computer Systems Co., LTD.

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HeartCore Enterprises (Nasdaq: HTCR) has announced a sales collaboration with Tosho Computer Systems (TCS) to jointly promote its IR support tool, irVision, and CMS platform. irVision offers stock price gadgets, financial results gadgets, automated document syncing, and document-synced video distribution services for publicly traded companies. The partnership aims to leverage both companies' client networks for cross-promotion and upselling opportunities, particularly targeting companies listed on the Tokyo Stock Exchange within TCS's client portfolio.

HeartCore Enterprises (Nasdaq: HTCR) ha annunciato una collaborazione commerciale con Tosho Computer Systems (TCS) per promuovere congiuntamente il suo strumento di supporto IR, irVision, e la piattaforma CMS. irVision offre gadget sui prezzi delle azioni, gadget sui risultati finanziari, sincronizzazione automatizzata dei documenti e servizi di distribuzione video sincronizzati con i documenti per le aziende quotate in borsa. L'obiettivo della partnership è sfruttare le reti clienti di entrambe le aziende per opportunità di cross-promotion e upselling, con un particolare focus sulle aziende quotate alla Borsa di Tokyo all'interno del portafoglio clienti di TCS.

HeartCore Enterprises (Nasdaq: HTCR) ha anunciado una colaboración de ventas con Tosho Computer Systems (TCS) para promocionar conjuntamente su herramienta de soporte IR, irVision, y la plataforma CMS. irVision ofrece gadgets de precios de acciones, gadgets de resultados financieros, sincronización automatizada de documentos y servicios de distribución de video sincronizados con documentos para empresas que cotizan en bolsa. La asociación tiene como objetivo aprovechar las redes de clientes de ambas empresas para oportunidades de promoción cruzada y ventas adicionales, especialmente dirigidas a las empresas que cotizan en la Bolsa de Tokio dentro del portafolio de clientes de TCS.

HeartCore Enterprises (Nasdaq: HTCR)은 Tosho Computer Systems (TCS)와 협력하여 IR 지원 도구인 irVision과 CMS 플랫폼을 공동으로 홍보한다고 발표했습니다. irVision은 상장 기업을 위한 주가 위젯, 재무 결과 위젯, 자동 문서 동기화 및 문서 동기화 비디오 배포 서비스를 제공합니다. 이 파트너십의 목표는 TCS 고객 포트폴리오 내에서 도쿄 증권 거래소에상장된 기업을 특별히 타겟으로 하여 두 회사의 고객 네트워크를 활용하여 교차 홍보 및 업셀링 기회를 창출하는 것입니다.

HeartCore Enterprises (Nasdaq: HTCR) a annoncé une collaboration commerciale avec Tosho Computer Systems (TCS) pour promouvoir conjointement son outil de support IR, irVision, et sa plateforme CMS. irVision propose des gadgets de prix des actions, des gadgets de résultats financiers, une synchronisation automatique des documents et des services de distribution vidéo synchronisés avec les documents pour les entreprises cotées en bourse. L'objectif de ce partenariat est de tirer parti des réseaux clients des deux entreprises pour des opportunités de promotion croisée et de vente additionnelle, en ciblant particulièrement les entreprises cotées à la Bourse de Tokyo dans le portefeuille clients de TCS.

HeartCore Enterprises (Nasdaq: HTCR) hat eine Vertriebspartnerschaft mit Tosho Computer Systems (TCS) angekündigt, um gemeinsam sein IR-Support-Tool, irVision, und die CMS-Plattform zu fördern. irVision bietet Aktienpreis-Widgets, Finanzresultate-Widgets, automatisierte Dokumentensynchronisation und dokumentensynchronisierte Videoverteilungsdienste für börsennotierte Unternehmen an. Die Partnerschaft zielt darauf ab, die Kundenetzwerke beider Unternehmen für Cross-Promotion und Upselling-Möglichkeiten zu nutzen, wobei insbesondere Unternehmen, die im Tokyo Stock Exchange gelistet sind, in TCSs Kundenportfolio angesprochen werden sollen.

Positive
  • Strategic partnership expands market reach through TCS's client network
  • Potential for new multi-year licensing agreements through additional sales channel
  • Access to Tokyo Stock Exchange listed companies through TCS's portfolio
Negative
  • None.

Insights

This sales collaboration with Tosho Computer Systems represents a relatively minor business development for HeartCore. While it provides access to TCS's client network of Tokyo Stock Exchange-listed companies, the actual revenue impact remains uncertain without specific financial projections or deal terms. The partnership focuses on cross-selling irVision and CMS platforms, but with HeartCore's small market cap of $22.3M, even successful penetration of TCS's network may yield modest results in the near term.

The strategic value lies in potential multi-year licensing agreements, though the timeline and conversion rate for securing these contracts is unclear. The Japanese IR software market is competitive and success will depend on product differentiation and effective cross-selling execution. Investors should monitor future earnings reports for concrete evidence of revenue growth from this collaboration.

NEW YORK and TOKYO, Oct. 28, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced it has entered into a sales collaboration with Tosho Computer Systems Co., Ltd. (“TCS”) to jointly promote its IR (investor relations) support tool, irVision, and the Company’s CMS platform.

HeartCore Enters into a Sales Collaboration with Tosho Computer Systems Co., LTD.

irVision provides publicly traded companies with IR activity support tools, including stock price gadgets, financial results gadgets, automated document syncing, and a document-synced video distribution service. Through this sales partnership, both HeartCore and TCS aim to leverage each other’s established client networks to cross-promote and upsell their respective products and services. By collaborating, the companies can provide enhanced value to their respective clients, expanding their reach and driving new business opportunities.

“I am pleased to announce our new sales collaboration with TCS to jointly promote our products and services,” said HeartCore CEO Sumitaka Kanno. “This strategic partnership opens opportunities to engage a new network of publicly traded companies listed primarily on the Tokyo Stock Exchange within TCS’s client portfolio, providing our sales and marketing team with an additional channel to promote and upsell our CMS platform. Our primary focus continues to be securing multi-year licensing agreements and remain committed to further scaling our software business through long-term partnerships.”

About HeartCore Enterprises, Inc.
Headquartered in Tokyo, Japan, HeartCore Enterprises is a leading enterprise software and consulting services company. HeartCore offers Software as a Service (SaaS) solutions to enterprise customers in Japan and worldwide. The Company also provides data analytics services that allow enterprise businesses to create tailored web experiences for their clients through best-in-class design. HeartCore’s customer experience management platform (CXM Platform) includes marketing, sales, service and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. HeartCore also operates a digital transformation business that provides customers with robotics process automation, process mining and task mining to accelerate the digital transformation of enterprises. HeartCore’s GO IPOSM consulting services helps Japanese-based companies go public in the U.S. Additional information about the Company's products and services is available at https://heartcore-enterprises.com/.

Forward-Looking Statements
All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believed,” “intend,” “expect,” “anticipate,” “plan,” “potential,” “continue,” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks, and uncertainties are discussed in HeartCore’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond HeartCore’s control which could, and likely will materially affect actual results, and levels of activity, performance, or achievements. Any forward-looking statement reflects HeartCore’s current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. HeartCore assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The contents of any website referenced in this press release are not incorporated by reference herein.

HeartCore Investor Relations Contact:
Gateway Group, Inc.
Matt Glover and John Yi
HTCR@gateway-grp.com
(949) 574-3860

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9de89581-e715-4c9a-9763-81cd207b4cf2


FAQ

What is the purpose of HeartCore's (HTCR) collaboration with Tosho Computer Systems?

The collaboration aims to jointly promote HeartCore's irVision IR support tool and CMS platform, leveraging both companies' client networks for cross-promotion and upselling opportunities.

What features does HeartCore's (HTCR) irVision tool offer?

irVision offers stock price gadgets, financial results gadgets, automated document syncing, and document-synced video distribution services for publicly traded companies.

Which market will HeartCore (HTCR) target through the TCS partnership?

HeartCore will target publicly traded companies listed primarily on the Tokyo Stock Exchange within TCS's client portfolio.

Heartcore Enterprises, Inc.

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