Japanese telecom operator NTT DoCoMo recently announced a partnership with Systran International, machine translation software developer and FueTreck, a speech recognition and translation services provider, to develop Mirai Translate, joint venture aiming at offering accurate translation services in the country for foreign visitors.
The company will start with approximately 15 employees, a capital of 900 million yen and it will be established this month. As for the stakeholders, the Japanese telecom provider will have 51 percent stake in this new joint venture, while Systran and FueTreck will own 30 percent and 19 stake, respectively.
These three partners also said that they will start developing technologies to translate between Japanese and three other languages: English, Chinese and Korean, with future plans to expand the join venture to other Asian languages.
Mirai Translate joint venture might be an inspiring idea, given the fact that the number of foreign people vising Japan in the last years has grown significantly and it could help improving communication.
Source: Market Watchby