HEROZ, Inc. agreed to acquire 50.1% stake in A.I. Squared, Inc. from BroadBand Tower,Media Do Corporation, Masaki Ishida and Akihito Ogino.
November 26, 2023
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HEROZ, Inc. (TSE:4382) agreed to acquire 50.1% stake in A.I. Squared, Inc. from BroadBand Tower, Media Do Corporation, Masaki Ishida and Akihito Ogino on November 24, 2023. A.I. Squared, Inc. Reported Total assets worth ¥128 million, Total Common equity of ¥93 million, Net sales of ¥340 million, Operating loss of ¥68 million and Net Loss of ¥71 million on June 2023. Transaction is expected to complete on November 30, 2023.
HEROZ Inc is a Japan-based company mainly engaged in the provision of artificial intelligence (AI)/digital transformation (DX) business and AI security business. The Company operates in two business segments. The AI/DX segment utilizes the AI and software as a service (SaaS) related technologies, know-how, data and others, accumulated by the Company group to provide AI-related solutions, SaaS introduction support, and collaborative development between SaaS. This makes it a segment that aims to promote AI/DX in each company and industry. This segment is classified into business-to-consumer (B2C) services and business-to-business (B2B) services. The AI Security segment provides a comprehensive network security service that protects corporate networks from various threats such as attacks from the Internet, intrusions into internal networks, virus infections, and data theft, and allows users to use the Internet safely.