IIJ Completes Acquisition Of Subsidiary From AT&T Japan
TOKYO, Sept. 1, 2010 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (IIJ) (Nasdaq:IIJI) (TSE1:3774), one of Japan's leading Internet access and comprehensive network solutions providers, today announced that it has acquired a 100% stake in the new subsidiary established by AT&T Japan LLC, as announced in IIJ's press release dated June 1, 2010. (*1) This acquisition makes the company a 100% owned subsidiary of IIJ, and it will begin operations today under the name IIJ Global Solutions Inc. ("IIJ-Global").
IIJ-Global will continue to provide WAN and other domestic network outsourcing service businesses which it succeeded from AT&T Japan. IIJ-Global also plans to provide highly value-added network services by integrating with IIJ Group's abundant network solution services to create greater customer satisfaction.
(*1) Press release URL: http://www.iij.ad.jp/en/news/pressrelease/2010/0601-2.html
Outline of IIJ Global Solutions Inc.| (1) | Company name | IIJ Global Solutions Inc. |
| (2) | Location | Headquarters: Shinnikko-Building, 2-10-1 Toranomon, Minato-ku, Tokyo |
| (3) | Business | |
| Commencement Date | September 1, 2010 | |
| (4) | Capital | To be confirmed after transfer of business is completed, but |
| currently as estimated JPY 490 million. | ||
| (5) | Shareholders | Internet Initiative Japan Inc. (100%) |
| (6) | Principal business | Provides WAN and other domestic network outsourcing services |
| activities | and international network related services | |
| (7) | Number of Employees | 245 employees (as of September 1, 2010) |
| (8) | Officers | Senji Yamamoto, Chairman and Representative Director |
| Toshinori Iwasawa, President and Representative Director | ||
| Tatsuo Nishimata, Executive Managing Director | ||
| Hiroto Tabuse, Senior Managing Director | ||
| Tomofumi Sekiyama, Executive Director | ||
| Hiroaki Tusno, Executive Director | ||
| Koichi Suzuki, Director (Part-time) (President and CEO of IIJ) | ||
| Hideshi Hojo, Director (Part-time) (Senior Managing Director of IIJ) | ||
| Kazuhiro Ohira, Statutory Auditor (Company Auditor of IIJ) | ||
| Akihisa Watai, Statutory Auditor (CFO and Managing Director of IIJ) | ||
| (9) | Company URL | http://www.iijglobal.co.jp/ (Japanese Only) |
CONTACT: Internet Initiative Japan Inc.
Corporate Communications
+81-3-5259-6310
press@iij.ad.jp
http://www.iij.ad.jp/en/
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
