Newsrelease - Jul 29, 2008

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- Pressrelease -

Overseas Subsidiary Establishment in Chennai, India
- Strengthening Product Development Systems including Web Analytics Solution Visionalist -

Ichigaya, Tokyo (Japan), July 28, 2008 - Digital Forest Inc, a leading developer and provider in the web analytics field, including the winning solution Visionalist and online marketing consulting & system development services in Japan, announced the establishment of its 100 percent owned subsidiary Digital Forest Software Private Limited in Chennai, India (Tamil Nadu State). Digital Forest Inc. intends to decentralize a part of its system software development activities, starting with the strengthening of Visionalist software functionalities, to its Indian development center. The subsidiary is fully operational since July 1st, 2008.

India is experiencing a dramatic economic growth and development is expected in the future. The country is also known as a source of top-class software engineers, offering high-quality product development, specifically in the IT industry.
Digital Forest aims at securing top talents, and developing high-quality products by establishing the subsidiary in Chennai, a famous software development center city in India, known for its high quality educational institutions.

This summer, Digital Forest Inc is planning to release the English version of its ground breaking web analytics solution Visionalist, and Digital Forest Software Private Limited is expected to support the foregoing development of the Multilanguage version.

Digital Forest Software Private Limited currently employs a team of 10 engineers that already contribute to the product development process. To strengthen the development system, the subsidiary plans to actively recruit new talents in the near future.

The opening of Digital Forest Software Private Limited Chennai together with the well performing subsidiary in Dalian, China, creates a 3-pole development center between Japan, China and India with the purpose of improving products and services related to web marketing while ensuring sustainable cost competitiveness.

About Digital Forest Software Private Limited

Digital Forest Software Private Limited (Chennai, India) established in February, 2008 is a 100 percent owned India subsidiary of Digital Forest, Inc. (Tokyo, Japan). The company mission is to enlarge product development capability of the Digital Forest Group to compete in the world market and growing up world-wide class competitive software development division.
More information available at: http://www.digitalforest.co.jp/india

[Address] "Amble Side" First Floor, No.8 (old No.30)
Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006
[Establishment] 2008/2/25
[Capital] 1,150,000 rupees (2008/5/7)
【Management】 President Susumu TESHIMA
Director Takeshi IZUKA
Director Hajime TAKANO

About Digital Forest Inc.

Digital Forest, a leading company in the web analytics field in Japan for more than 10 years, provides its in-house developed web analytics solution Visionalist, net marketing system development and consulting services to its customers. Initially starting from web marketing analysis and visualization, Digital Forest is now leveraging the accumulated experience and knowledge to SFA, CRM or Sales data in order to enhance business activities and increase profit.
Since its establishment in 1998, more than 2,500 client accounts, including large Japanese corporations such as NTT Resonant, NEC Biglobe have entrust Visionalist web analytics solution and its related services to optimize their online presence and improve their visitors’ online experience.
More information available at: http://www.digitalforest.co.jp/english

Sachie Kiriya, Marketing Division
Digital Forest Inc,
TEL: +81 (0) 3-3511-4659
FAX: +81 (0) 3-3511-4660

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