HeartCore’s CMS Platform Achieves Top Market Share in Japan for Nine Consecutive Years

NEW YORK and TOKYO, Oct. 10, 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 its Content Management System (“CMS”) platform has achieved top market share in sales value in Japan for nine consecutive years, according to ITR Corporation, an independent IT consulting and research firm. The report disclosed that HeartCore owns a leading 15.1% market share in Japan, with the second contender behind the Company at 12.5%.

This achievement underscores the unwavering confidence that over 700 Japanese companies have placed in HeartCore’s CMS as the primary platform for corporate content management, further solidifying its position as the leading CMS platform in Japan. The Company’s proactive cost reduction initiatives, in tandem with sales growth, has resulted in two consecutive quarters of profitable performance within its software arm.

“For the 9^th consecutive year, our CMS platform has achieved the top market share in sales value in Japan, a reflection of our team’s ability to sustain growth,” said HeartCore CEO Sumitaka Kanno. “Our sales and marketing team continues to execute and capture new customer wins, with over 700 Japanese companies having implemented our CMS platform. Effective cost management continues to remain a key focus, as we anticipate another profitable quarter across this arm of the business. In addition, last December, we launched a Management Screen Builder feature that enhances website operation capabilities, further driving innovation and strengthening our competitive advantage. Our acquisition of Sigmaways and Sabatini Global last year has also positively impacted our growth and we remain focused on exploring additional synergistic opportunities to further grow the presence of HeartCore in the global market.”

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 IPO^SM 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