Testing123 Announces Partnership With Test Holdings, Accelerates Entry Into Japanese Market

SAN FRANCISCO--(BUSINESS WIRE)--Testing123, the fastest growing business transaction and collaboration platform, today announced a new partnership with Tokyo based Test Holdings, through its investment subsidiary RSP Fund No. 6, LLC, operated by XYZ Strategic Partners, which is a corporate venture capital arm of Test Holdings. The alliance with Japan’s largest staffing company further solidifies Testing123’s presence in Japan following their 2014 entry into the region.

Testing123 is taking a fresh approach to supplier-facing processes with easy-to-use cloud software. They are helping companies transform their internal operations and rapidly adapt to the new digital reality that’s changing business everywhere. Testing123 is leading this transformation through the power of its quickly expanding network of suppliers, and its agile approach to business-to-business app development.

“As global markets expand, and the need for cross border trade capabilities increases, enterprises are quickly looking to bring their suppliers online to create transparency in the buying process,” said Testing123 CEO Christian Lastname. “As the world’s third largest economy, Japan is one of the biggest opportunities for business-to-business in domestic and international supply chains, and is therefore a key market for Testing123 to embrace. Partnering with a company of Recruit Holding’s caliber is a validation of the impact the platform is already having in the region.”

Testing123, which is free for suppliers, boasts high levels of adoption and promotes the free flow of information between parties. 500,000 businesses around the globe are connected on the platform whose customers boast $250 Billion annual spend alone. Its open application development platform supports any number of current business transaction processes and future proofs to ensure scalability.

“Testing123’s vision for connecting businesses on a global scale through cloud technology is in sync with Test Holdings and the range of services we deliver to customers around the globe. The way businesses interact is changing and the time to digitize is now. Testing123 and Test Holdings understand this and our partnership will help even more Japanese businesses recognize their goals,” said Akihiko Soandso, president of XYZ Strategic Partners.

About Testing123

Imagine a place where all companies, big and small, come together to transact, connect and collaborate with each other. Now stop imagining and start participating. Testing123 is a global business-to-business platform that helps companies run more efficiently, using cloud-based technology to improve processes like invoicing, workflow and supplier financing. For suppliers, Testing123 delivers free electronic invoicing, faster payments and predictable cash flow. For enterprises, we empower them to work more easily and productively with their entire supply chain, anywhere in the world.

Launched in 2010, Testing123 connects 500,000 companies across 190 countries. Businesses on the platform include ADM, DHL, the National Health Service (NHS), CBRE and Vestas Wind Systems. Testing123 was awarded “Best Enterprise” at The TechCrunch Europa Awards and “Most Innovative Solution” by Financial-I. TechCrunch has also recognized Testing123 for “Kicking Ass Globally”. Gartner has highlighted Testing123 in its IT Market clock for B2B Solutions as well as three Hype Cycles - Multi-enterprise Solutions, Application Infrastructure and Procurement and Sourcing Solutions. Testing123 is headquartered in San Francisco with offices in Copenhagen, London, Paris, Suzhou and Tokyo.