Chardon Holdings Limited completed the acquisition of 60% stake in Sequent Software Inc. from TIS Inc..
March 30, 2023
Share
Chardon Holdings Limited agreed to acquire 60% stake in Sequent Software Inc. from TIS Inc. (TSE:3626) on March 1, 2023. Post the acquisition, Chardon Holdings will own 91% stake in Sequent Software. On March 1, 2023, Board of Directors of TIS resolved to acquire Sequent Software. The execution of share transfer agreement is planned in late March.
Chardon Holdings Limited completed the acquisition of 60% stake in Sequent Software Inc. from TIS Inc. (TSE:3626) on March 31, 2023.
TIS Inc mainly provides outsourcing business and cloud service related to IT investment, as well as software development and solutions. The Company operates in four business segments. The Service Information Technology (IT) segment provides knowledge-intensive IT services. The Business Process Outsourcing (BPO) segment provides business process outsourcing such as marketing and promotional work, clerical work and contract work utilizing a wealth of business and IT know-how. The Financial IT segment is engaged in the operation of high value-added businesses and IT-based business, based on specialized business and business know-how specialized in the financial industry. The Industrial IT segment is engaged in the operation of high value-added businesses and IT-based business, based on specialized business and business know-how specialized in the various fields other than finance. The other business provides real estate leasing and management business.
TIS INC. 
