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.htmlOutline of IIJ Global Solutions Inc.
|(1)||Company name||IIJ Global Solutions Inc.|
|(2)||Location||Headquarters: Shinnikko-Building, 2-10-1 Toranomon, Minato-ku, Tokyo|
|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 email@example.com http://www.iij.ad.jp/en/
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