Announcement of Establishment of a Subsidiary
Announcement of Establishment of a Subsidiary
SHIFT Inc. (“SHIFT,” headquartered in Minato-ku, Tokyo, Japan; Masaru Tange, CEO and Representative Director) announced today that its subsidiary, SHIFT SECURITY, Inc. (“SHIFT SECURITY,” headquartered in Minato-ku, Tokyo, Japan; Shinichi Matsuno, CEO and Representative Director) established MAS Lab inc. (“MAS Lab,” headquartered in Minato-ku, Tokyo, Japan; Shinichi Matsuno, CEO and Representative Director).
Reason for the establishment
As SHIFT has been expanding its software quality assurance business since 2009, it has served clients in a wide variety of industries, such as financial, retail, logistics, and entertainment. Moreover, toward achieving its growth strategy, “SHIFT 1000,” which aims at ¥100 billion of net sales, SHIFT has been strategically acquiring businesses to expand and enrich its service portfolio. SHIFT has also shifted its corporate branding from “SHIFT as a software testing company” to “SHIFT as a sellable services producer” to realize ¥100 billion of net sales. As this new catchphrase indicates, SHIFT will commit to bringing success to the businesses of its customers.
Since its foundation in 2016, SHIFT SECURITY, a group company of SHIFT, develops a broad range of IT security services centered on vulnerability diagnosis and security monitoring services.
In the Japanese IT market, where companies often maintain the shortage of IT personnel, security personnel, including white hat hackers, are one of the most difficult ones to acquire through recruiting activities and training. On the other hand, recently, the schemes and techniques of cyber-attacks aiming at damage from information leaks, acquisition of confidential information and fraudulent acquisition of money are becoming increasingly sophisticated, and the number of those attacks are growing at the same time. Furthermore, along with the dramatic change in the work environment due to the COVID-19, many companies are shifting their environment from web systems to clouds that is often described as highly convenient. Nevertheless, demand in the security area is acceleratingly increasing ever further, as security incidents related to the use of the cloud environment still happen.
SHIFT SECURITY has provided diagnostic services of “high quality,” “low price,” and “quick delivery” by thoroughly standardizing the skills of one of the leading white hat hackers in Japan. This has enabled us to recruit and train security personnel, who are difficult to acquire. Consequently, SHIFT SECURITY has fundamentally overcome the “shortage of personnel,” the greatest challenge facing the IT industry in Japan. At the same time, for the past five years, since its foundation, SHIFT SECURITY has built a solid supply system with more than 200 security personnel, achieved substantial growth every year, and thus, has made a significant contribution to maintaining and improving Japan’s IT security.
Against the backdrop of the remarkable sophistication of cyber-attacks, SHIFT SECURITY believes that it is inevitable to acquire new skills and technologies, as well as expanding its existing structured technologies.
MAS Lab develops a penetration testing business. Penetration testing is testing in which white hat hackers ensure the safety of systems under the condition of possible cyber-attacks. This area is one of the most challenging areas to standardize because of its nature. MAS Lab sees its mission as to seek and acquire new technologies in IT security fields and develops a penetration testing business.
MAS Lab comes from the word “Make a Smile Laboratory.” “Make a Smile” is SHIFT SECURITY’s corporate philosophy and exists at the very core in its business activities. Not only bringing smiles to their customers, SHIFT SECURITY works on making engineers “smile” by diminishing wastefulness in software development and IT operations through structuring and standardizing. “Laboratory” means a place where SHIFT SECURITY will “experiment” to build a worldview that has not existed in the conventional IT industry in Japan.
SHIFT SECURITY and SHIFT Group, now with MAS Lab, will continue to make concerted efforts to grow further.
For further information, please kindly refer to the document below.