Netyear Group Corporation completed the acquisition of 51.01% stake in Nihon Gigei, Inc. from a group of investors.
August 29, 2013 at 12:00 am EDT
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Netyear Group Corporation (TSE:3622) signed an agreement to acquire 51.01% stake in Nihon Gigei, Inc. from a group of investors for approximately ¥320 million on August 16, 2013. The investor group comprises of NTT Investment Partners Fund Limited Partnership of NTT Docomo Ventures, Inc., MIC Asia Technology Limited Liability Fund I of Mobile Internet Capital Inc., Nissay Capital No. 4 Investment Limited Partnership of Nissay Capital Co.,Ltd, Yasuo Sato, Daisuke Mitarai, Yasuharu Tajika, Mitsui Life Insurance Company Limited, Sansei Capital Investment Co., Ltd., Salesforce.com, Inc (NYSE:CRM), Shinsei Bank Ltd., Investment Arm and others.
Netyear Group Corporation is acquiring 18400 shares of Nihon Gigei, Inc. representing 51.01% stake. For the period ending August 2012, Nihon Gigei, Inc. reported total assets of ¥162 million, net assets of ¥71 million, sales of ¥245 million, operating loss of ¥43 million and net loss of ¥63 million. The transaction has been resolved by Board of Directors of Netyear Group Corporation and is expected to close by August 23, 2013. Netyear Group Corporation completed the acquisition of 46.02% stake in Nihon Gigei, Inc. on August 23, 2013.
Netyear Group Corporation (TSE:3622) completed the acquisition of 51.01% stake in Nihon Gigei, Inc. from a group of investors on August 29, 2013.
Netyear Group Corporation is a Japan-based company engaged in the provision of strategic Internet professional services (SIPSs). The Company provides a variety of services through Internet to its customers. The digital marketing strategy formulation service supports the marketing strategy, the growth scenario, the form of organization, the medium-term growth goal with the digital technology. The user experience design service provides the experiences received by the user using the system. The Company also provides customer evaluation method, the formulation of the business evaluation index, the key performance indicator (KPI) formulation service, the design and development of site, system, and social media contents, as well as the operation of contents, data analysis, access analysis, and provision of application service provider (ASP) services.
NETYEAR GROUP CORPORATION 
