fonfun corporation (TSE:2323) agreed to acquire No-code application development SaaS business of ZeroOne inc. from Founderz,inc. for ¥41 million on March 28, 2024. fonfun corporation will use cash in hand to fund the transaction. As of year ending August, 2023, No-code application development SaaS business reported sales of ¥240 million, and operating loss of ¥44 million.

The deal is expected to be completed on April 1, 2024.