Nov 25, 2011

Celsys And HI Agreed On Merger /Venture Now

Celsys and HI will set up a joint holding company to integrate management in April 2012. Both will be delisting on March 28th and the holding company will be listed on Tokyo Stock Exchange.

Celsys operates creator support business and ebook publishing support business. It has 2.7 billion yen of revenue and 450 million yen of operating profit ending October 2011. HI develops and sells license of middleware for 3D drawing and also develops 3D contents for smartphone.  It has 2.2 billion yen of revenue and 110 million yen of operating profit ending March 2011. ...

Venture Now 11/25/2011

memo
  • Both company seemed to have advantages in technologies and services for feature phone in particular. The merger may be aiming to adapt for smartphone era.

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