Chatwork Co.,Ltd. agreed to acquire a 51% stake in cloud storage business of StartiaRaise, Inc. for approximately ¥450 million.
June 21, 2021
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Chatwork Co.,Ltd. (TSE:4448) agreed to acquire a 51% stake in cloud storage business of StartiaRaise, Inc. for approximately ¥450 million on June 22, 2021. StartiaRaise’s cloud storage business will be spun off and Chatwork will acquire 51% of the shares of the newly established company. StartiaRaise, Inc. will hold remaining 49% stake in the new company. The name of the newly established company will be Chatwork Storage Technologies Co., Ltd. Chatwork Co.,Ltd. will borrow ¥510 million from Sumitomo Mitsui Banking Corporation for the purpose of this transaction. Shoji Fukuda will be Representative Director of Chatwork Storage Technologies Co., Ltd. At a Board of Directors meeting on June 22, 2021, Chatwork Co., Ltd. resolved to make the cloud storage business of StartiaRaise, Inc. a consolidated subsidiary. The transaction is expected to close on July 1, 2021.
Chatwork is a Japan-based company engaged in the provision of business communication tools developed in-house and sales agent of security software. The Company operates in two segments. The Chatwork segment is mainly engaged in the development and provision of business chat tool Chatwork. It is also engaged in the provision of advertising service and various services using Chatwork as a service platform. The Security Segment is engaged in the purchases and sales of security software. The Companyâs sales site uses web advertisement and affiliate programs to attract customers and sell software.
CHATWORK CO.,LTD. 