IIJ Completes Acquisition of Subsidiary From AT&T Japan
September 01 2010 - 1:03AM
Internet Initiative Japan Inc. (IIJ) (Nasdaq:IIJI) (TSE1:3774), one
of Japan's leading Internet access and comprehensive network
solutions providers, today announced that it has acquired a 100%
stake in the new subsidiary established by AT&T Japan LLC, as
announced in IIJ's press release dated June 1, 2010. (*1) This
acquisition makes the company a 100% owned subsidiary of IIJ, and
it will begin operations today under the name IIJ Global Solutions
Inc. ("IIJ-Global").
IIJ-Global will continue to provide WAN and other domestic
network outsourcing service businesses which it succeeded from
AT&T Japan. IIJ-Global also plans to provide highly value-added
network services by integrating with IIJ Group's abundant network
solution services to create greater customer satisfaction.
(*1) Press release URL:
http://www.iij.ad.jp/en/news/pressrelease/2010/0601-2.html
Outline of IIJ Global Solutions Inc.
(1) |
Company name |
IIJ Global Solutions Inc. |
(2) |
Location |
Headquarters: Shinnikko-Building, 2-10-1
Toranomon, Minato-ku, Tokyo |
(3) |
Business |
|
|
Commencement Date |
September 1, 2010 |
(4) |
Capital |
To be confirmed after transfer of
business is completed, but |
|
|
currently as estimated JPY 490
million. |
(5) |
Shareholders |
Internet Initiative Japan Inc.
(100%) |
(6) |
Principal business |
Provides WAN and other domestic network
outsourcing services |
|
activities |
and international network related
services |
(7) |
Number of Employees |
245 employees (as of September 1,
2010) |
(8) |
Officers |
Senji Yamamoto, Chairman and
Representative Director |
|
|
Toshinori Iwasawa, President and
Representative Director |
|
|
Tatsuo Nishimata, Executive Managing
Director |
|
|
Hiroto Tabuse, Senior Managing
Director |
|
|
Tomofumi Sekiyama, Executive
Director |
|
|
Hiroaki Tusno, Executive Director |
|
|
Koichi Suzuki, Director (Part-time)
(President and CEO of IIJ) |
|
|
Hideshi Hojo, Director (Part-time)
(Senior Managing Director of IIJ) |
|
|
Kazuhiro Ohira, Statutory
Auditor (Company Auditor of IIJ) |
|
|
Akihisa Watai, Statutory
Auditor (CFO and Managing Director of IIJ) |
(9) |
Company URL |
http://www.iijglobal.co.jp/ (Japanese Only) |
About IIJ
Founded in 1992, Internet Initiative Japan Inc. (IIJ)
(Nasdaq:IIJI) (Tokyo Stock Exchange TSE1:3774) is one of Japan's
leading Internet-access and comprehensive network solutions
providers. IIJ and its group of companies provide total network
solutions that mainly cater to high-end corporate customers. The
company's services include high-quality systems integration and
cloud computing/data center services, security services, Internet
access, and content distribution. Moreover, the company has built
one of the largest Internet backbone networks in Japan, and between
Japan and the United States. IIJ was listed on NASDAQ in 1999 and
on the First Section of the Tokyo Stock Exchange in 2006. For more
information about IIJ, visit the IIJ Web site at
http://www.iij.ad.jp/en/.
The Internet Initiative Japan Inc. logo is
available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4613
The statements within this release contain forward-looking
statements about our future plans that involve risk and
uncertainty. These statements may differ materially from actual
future events or results. Readers are referred to the documents
furnished by Internet Initiative Japan Inc. with the SEC,
specifically the most recent reports on Forms 20-F and 6-K, which
identify important risk factors that could cause actual results to
differ from those contained in the forward-looking statements.
CONTACT: Internet Initiative Japan Inc.
Corporate Communications
+81-3-5259-6310
press@iij.ad.jp
http://www.iij.ad.jp/en/
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