Joint Venture
A new subsidary is formed to help Konami possibly deliver games online
Posted by Daniel "monk" Pelfrey on Jan 18th, 2006
FROM THE PRESS RELEASE
Konami Corporation (headquartered in Chiyoda-ku Tokyo, hereafter referred to as “Konami”) and Internet Initiative Japan Inc. (headquartered in Chiyoda-ku Tokyo, hereafter referred to as “IIJ”) today announced that the both companies agreed to establish a joint venture company, “Internet Revolution Inc.” (hereafter referred to as “i-revo”), for operating comprehensive portals sites.
“i-revo” will provide portal sites, merging Konami’s expertise in developing digital entertainment content and IIJ’s cultivated highly reliable technologies for developing system and network operations. In the network society seeking convenience and efficiency, “i-revo” will offer content and sites that will be cherished by a wide range of users from children to the elderly, through services focusing on “relationships, sense of security, user-friendly and impression.”
Internet is now inseparable to our society, due to remarkable advances in digital technology and development of infrastructure. Internet has become an integral part of people’s lives. In addition, in today’s digitalized society, “individuality” is getting more attention and is widespread. “i-revo” will provide online community which will bring users comfort and warmth through operating comprehensive portal site features linking “individuality” to ” individuality”. “i-revo” also will enhance the importance of the internet though its ideas and services.
1. Summary of a joint venture company
(1)Registered name Internet Revolution Inc.
(2)Date of incorporation February 1, 2006
(3)Head office location 6-10-1, Roppongi, Minato-ku, Tokyo (Roppongi Hills)
(4)Capital 1,250 million yen
(5)Amount of investment 2,500 million yen
(6)Investment ratio Konami 70% IIJ 30%
* Internet Revolution Inc. will become a consolidated subsidiary of Konami and an equity method affiliate of IIJ
(7)Main business
Operating the Internet portal sites
(8)Directors
Representative Director: Kazuya Takahashi
(President of Online Company, Konami)
Director:
Hiroshi Nagaoka
(Senior Manager of Online Company, Konami)
Director:
Takashi Taniguchi
(General Manager of System Engineering and Operation Division, IIJ)
Director (External):
Akira Tamai
(Corporate Officer and Division Director of Finance and Accounting, Konami)
Director (External):
Hideshi Hojo
(Managing Director, General Manager of Sales Department, IIJ)
2. Summary of Services
(1) Name: i-revo
(2) Commencement Date: Mid-March, 2006
(3) Content:
- New communication service
- Internet connectivity service
- Distribution of products related to music and video
- Distribution of games
- Search service
- Information service
- E-commerce
– Statement by Kagemasa Kozuki, President, Konami Corporation
Konami has strengthened the online business with our expertise in developing content and digital technologies in our digital entertainment business. By establishing a joint venture company with IIJ which has proven Internet technologies and operation, we will offer portal sites which every user can make use with enjoyment and sense of security.
We appreciate your continuing support.
– Statement by Koichi Suzuki, President and CEO, Internet Initiative Japan Inc.
IIJ has provided a highly reliable network solution as core competence to mainly companies, government, other public offices and carriers. We will contribute to the further realization of safer and user-friendly network society through the provision of the integrated Internet service including new concepts and technologies with Konami which has leading content in the world.
– Statement by Kazuya Takahashi, President, Internet Revolution Inc.
We will promote the business which will bring revolutionary change to the Internet industry by taking advantage of Konami’s expertise in content services, and IIJ’s Internet technologies. We will provide services which match people’s lives and bring happiness and excitement to users. Though this, we aim to be a company needed in society. We hope that users will feel the message, “relationships, sense of security, user-friendly and impression” through the services. As always, we appreciate your support.
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Posted by Daniel "monk" Pelfrey on Jan 18th, 2006 and is filed under News, Tech News. You can follow any responses to this entry through the RSS 2.0 feed. You can post a comment, or trackback from your own site.
