LicenSys has successfully developed international markets by working in a close collaborative relationship with specially selected partners or Joint Venturers. LicenSys is a major participant in the international license plate industry and has partners throughout the world. A key part of its successful operations is choosing partners with a strong local presence. In developing a productive relationship with trust, key areas that need to be considered are;
- Ability to work as an integrated team
- The strength of business and political connections in the target market
- Willingness to share the risks and rewards
- The track record of the potential partner in similar projects
- Any previous history of working with LicenSys
- The best operating model to utilise the strengths of each party