VAIO Corporation (VAIO株式会社, Baio Kabushiki Kaisha, English: /ˈvaɪ. oʊ/; standing for Visual Audio Intelligent Organizer) is a Japanese manufacturer headquartered in Azumino, Nagano Prefecture that makes personal computers and smartphones. VAIO was originally a brand of Sony, introduced in 1996. Sony sold its PC business to the investment firm Japan Industrial Partners in February 2014 as part of a restructuring effort to focus on mobile devices. Sony maintains a minority stake in the new, independent company, which currently sells computers in the United States, Japan and Brazil as well as an exclusive marketing agreement. Sony still holds the intellectual property rights for the VAIO brand and logo. Currently in the US, VAIO business products are sold by Trans Cosmos America, Inc.