Cyber Security Cloud , Inc. executed a contract to acquire Softec Co., Ltd. from Monolith Co.,Ltd. and Tsutomu Kato for ¥420 million.
December 10, 2020
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Cyber Security Cloud , Inc. (TSE:4493) executed a contract to acquire Softec Co., Ltd. from Monolith Co.,Ltd. and Tsutomu Kato for ¥420 million on December 11, 2020. As a result of the transaction, Softec will operate as a subsidiary of Cyber Security Cloud. As of December 2019, Softec had net assets of ¥347 million, total assets of ¥428 million, sales of ¥289 million, operating income of ¥86 million and net income of ¥56 million. The board of directors of Cyber Security Cloud resolved to acquire Softec on December 11, 2020. The share transfer is expected to close on December 18, 2020. Frontier Management Inc. (TSE:7038) acted as financiala dvisor to the sharholders of Softec Co., Ltd. in the transaction.
Cyber Security Cloud , Inc. is a Japan-based company mainly engaged in the Web security business. The Company is engaged in the development and subscription of Web security services utilizing artificial intelligence (AI) technology. It is also engaged in the research of cyber attacks, and research and development of AI technology. Products include the cloud-based Web application firewall (WAF) Cyneural, AWS WAF's rule automatic operation service WafCharm, and AWS WAF's Managed Rules. Cyneural is a cloud-based security service that detects, blocks, and visualizes cyber attacks on Web applications. WafCharm is a service that attacks patterns and automatically operates AWS WAF rules. AWS WAF Managed Rules is a selected AWS WAF security rules set that are created independently by a security specialist.
CYBER SECURITY CLOUD, INC. 
