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June 01, 2010
TOKYO--June 1, 2010--Internet Initiative Japan Inc. ("IIJ", NASDAQ: IIJI, TSE1: 3774), one of Japan's leading Internet access and comprehensive network solutions providers, has agreed to acquire mainly the domestic network outsourcing service with AT&T Japan LLC ("AT&TJLLC").
IIJ will be acquiring the stock of the new subsidiary ("the New Company") established by AT&TJLLC, that will be succeeding a part of the business provided by AT&TJLLC, AT&T Japan K.K and AT&T Japan Ltd. ("AT&T Japan"). The new company is planned to become IIJ's 100% owned consolidated subsidiary on September 1, 2010 (planned). Through this acquisition, IIJ will be succeeding mainly the WAN services which are mainly provided to approximately 1,600 domestic corporate customers. These WAN services will continue to be provided to the customers.
Through this acquisition, IIJ expects to realize group synergy between the business of IIJ and the New Company by providing IIJ's network solution to the acquired customers through this acquisition, as well as by providing WAN services to IIJ's client bases of over 6,500 corporate customers. Additionally, IIJ will also provide international services through business tie-up with AT&T Japan. Through this acquisition, IIJ expects to strengthen its sales abilities as well as to achieve higher customer satisfaction by realizing group synergy and providing services maximizing the technical skills and the excellent experience of both parties.
IIJ and the New Company will continue to provide the best solution for each of our clients by providing highly value-added network related services.
|Company name||The current company name is provisional|
|Head office location||Shinnikko-Building, 2-10-1 Toranomon, Minato-ku, Tokyo|
|Representative||President, Toshinori Iwasawa|
|Principal business activities||Provides domestic network outsourcing related services including WAN service and international network related services|
|Capital||JPY100 (as of today)
Capital as of September 1, 2010 is to be determined
|Major shareholder and its ownership||AT&T Japan LLC (100%)|
|Date of establishment||April 21, 2010|
|Number of employees||250 employees (Expected as of September 1, 2010)|
Founded in 1992, Internet Initiative Japan Inc. (IIJ, NASDAQ: IIJI, Tokyo Stock Exchange TSE1: 3774) is one of Japan's leading Internet-access and comprehensive network solutions providers. IIJ and its group of companies provide total network solutions that mainly cater to high-end corporate customers. The company's services include high-quality systems integration and security services, Internet access, hosting/housing, and content design. Moreover, the company has built one of the largest Internet backbone networks in Japan, and between Japan and the United States. IIJ was listed on NASDAQ in 1999 and on the First Section of the Tokyo Stock Exchange in 2006. For more information about IIJ, visit the IIJ Web site at http://www.iij.ad.jp/en/.
The statements within this release contain forward-looking statements about our future plans that involve risk and uncertainty. These statements may differ materially from actual future events or results. Readers are referred to the documents furnished by Internet Initiative Japan Inc. with the SEC, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.
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