Secual, Inc. announced that it expects to receive funding from WirelessGate, Inc. and other investors
April 24, 2017
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Secual, Inc. announced that it will receive a round of equity funding on April 25, 2017. The transaction will include participation from WirelessGate, Inc. (TSE:9419) and other investors. The company will issue shares through third party allotment. The capital tie-up contract has been concluded with tentative settlement date of April 28, 2017. The board of directors of WirelessGate, Inc. have approved the transaction.
WirelessGate Inc is a Japan-based Company mainly engaged in the wireless broadband services related business. The Company operates in three businesses. The wireless broadband business provides three services. Mobile Internet service provides Wireless Gate Wi-Fi + WiMAX2 + and Wireless Gate SIM. The public wireless LAN service provides a high-speed Internet connection service Wireless Gate Wi-Fi. The optional service provides services such as telephone remote service and smart answering machine. The wireless business domain business provides two services. The authentication platform service provides ID and password authentication platforms, which are the foundation platforms of the wireless broadband business. Other corporate service includes the provision of Internet of Things (IOT) services and Prepaid Sim Card (SIM) services utilizing LTE networks for corporations. The Company is also involved in the sale of IoT-related goods.