Advanced Media, Inc. completed the acquisition of Glamo Inc. from Isao Goto, Ikuko Goto, Yutsuki Goto, and Natsuki Goto.
December 30, 2013 at 11:00 pm EST
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Advanced Media, Inc. (TSE:3773) agreed to acquire Glamo Inc. from Isao Goto, Ikuko Goto, Yutsuki Goto, and Natsuki Goto for ¥150 million on September 25, 2013. Advanced Media, Inc. will acquire 0.23 million shares. Isao Goto will sell 0.2 million shares. Advanced Media will operate Glamo as its wholly owned subsidiary. For the year ended January 2013, Advanced Media reported revenues of ¥94 million, operating profit of ¥17 million, net profit of ¥11 million, total assets of ¥37 million and net assets of ¥18 million. Board of Directors of Advanced Media passed a resolution for the transaction on September 25, 2013. The advisory fee of the transaction was ¥2 million.
Advanced Media, Inc. (TSE:3773) completed the acquisition of Glamo Inc. from Isao Goto, Ikuko Goto, Yutsuki Goto, and Natsuki Goto in the quarter ending December 31, 2013.
Advanced Media, Inc. is a Japan-based company engaged in the voice recognition business. The Voice Recognition segment operates through three business divisions. The Solution division is engaged in the planning, design, development of voice recognition solutions embedded with voice-recognition technology. The Product division provides applications embedded with voice-recognition technology. The Service segment provides other services utilizing voice-recognition technology. The Company provides its solutions, applications and services to enterprises and institutions in a variety of industries, including call centers, manufacture and distribution, mobiles, entertainment and education, medical and conference recording, as well as individual customers.