Acrodea, Inc. completed the acquisition of Next Security, Inc. from Next IT Inc. and Toshio Nakanishi.
June 12, 2016
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Acrodea, Inc. (TSE:3823) signed share exchange contract to acquire Next Security, Inc. from Next IT Inc. and Toshio Nakanishi for approximately ¥100 million on May 13, 2016. One share of Next Security 's stock will be exchanged with 4.9 shares of Acrodea. Acrodea will issue 0.2 million shares as consideration. Next IT and Toshio Nakanishi will sell 50% stake each in Next Security. On completion, Next Security will operate as a wholly-owned subsidiary of Acrodea. Next Security reported net assets of ¥1 million and total assets of ¥1 million as of March 31, 2016. The deal is subject to approval from Next Security shareholders and a shareholder’s meeting of Next Security will be held on June 10, 2016 for the transaction. The deal is expected to close on June 13, 2016. Varick Investment Advisory Inc. acted as a third-party calculation agent for Acrodea, Inc.
Acrodea, Inc. (TSE:3823) completed the acquisition of Next Security, Inc. from Next IT Inc. and Toshio Nakanishi on June 13, 2016.
The Why How Do Company Inc is a Japan-based company mainly engaged in the solution business, restaurant-related business and education-related business. The Company operates through three segments. The Solution business segment mainly consists of the platform field, which develops platform solutions for smartphones, internet of things (IoT)-related solutions, and systems for bingo; the content services field, which develops social games and application-related products and contracted games; and other contracted development projects. The Restaurant-related business segment is engaged in real estate subleasing, trademark rights management, and restaurant business. The Education-related business segment mainly operates seminars on information technology (IT) schools for job seekers, which have a training period of about half a year.
THE WHY HOW DO COMPANY, INC. 
