IIJ Completes Acquisition of Exlayer Global Inc. and Established a New Subsidiary IIJ Exlayer Inc.
TOKYO, April 2, 2012 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (IIJ) (Nasdaq:IIJI - News) (TSE1:3774), one of Japan's leading Internet access and comprehensive network solutions providers, today acquired the stocks of Exlayer Global Inc.("Exlayer Global") from its existing shareholders. Exlayer Global is a holding company with overseas subsidiaries in the system integration industry. The newly acquired company will begin its operation as IIJ's subsidiary under the name IIJ Exlayer Inc.
Exlayer Global owns five overseas subsidiaries and has developed its business with high engineering skills in the SI and IT project management fields and with its reliabilities. Their strength lies in their business development ability in many countries, and with its strong presence among Japanese-owned local corporations, Exlayer Global has been steadily expanding its business.
IIJ, together with IIJ Global Solutions Inc., one of its subsidiaries, is expanding its overseas offices mainly in Asia and is accelerating its global business development by providing services such as Cloud services in the United States, China, and Asia. For IIJ Group to further accelerate its global business, IIJ has decided to make Exlayer Global its subsidiary. We believe the expertise and human resources that Exlayer global and its group companies had built could better help IIJ Group to accelerate its international business development.
IIJ Exlayer will continue to leverage IIJ Group's Cloud services and wide range of network solutions to strengthen business infrastructure in foreign countries and leads IIJ Group's international business development together with IIJ and IIJ Global.
+ Summary of IIJ Exlayer Inc.
About IIJ
Founded in 1992, Internet Initiative Japan Inc. (IIJ) (Nasdaq:IIJI - News) (Tokyo Stock Exchange TSE1:3774) is one of Japan's leading Internet-access and comprehensive network solutions providers. IIJ and its group of companies provide total network solutions that mainly cater to high-end corporate customers. The company's services include high-quality systems integration and cloud computing/data center services, security services, Internet access, and content distribution. Moreover, the company has built one of the largest Internet backbone networks in Japan, and between Japan and the United States. IIJ was listed on NASDAQ in 1999 and on the First Section of the Tokyo Stock Exchange in 2006. For more information about IIJ, visit the IIJ Web site at http://www.iij.ad.jp/en/.
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The statements within this release contain forward-looking statements about our future plans that involve risk and uncertainty. These statements may differ materially from actual future events or results. Readers are referred to the documents furnished by Internet Initiative Japan Inc. with the SEC, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.
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IIJ Completes Acquisition of Exlayer Global Inc. and Established a New Subsidiary IIJ Exlayer Inc.