Ten Up Co., Ltd. announced that it expects to receive ¥80 million in funding from WirelessGate, Inc.
April 25, 2018
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Ten Up Co., Ltd. announced that it has entered into agreement for a private placement of ¥80,000,000 with new investor, WirelessGate, Inc. (TSE:9419) on April 26, 2018. The company will issue common shares in the transaction. The transaction is expected to close on April 27, 2018. The transaction was approved by board of directors of the investor.
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.
WIRELESSGATE, INC. 
