IChain, Inc. announced that it expects to receive ¥50 million in funding from Internetworking and Broadband Consulting Co.,Ltd.
July 12, 2019
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iChain, Inc. announced that it will receive ¥50,000,000 in a round of funding from returning investor Internetworking and Broadband Consulting Co.,Ltd. (TSE:3920) on July 12, 2019. Post the closing of the transaction, the investor will continue to hold 100% stake in the company. The capital of the company will increase from ¥52,710,000 to ¥102,710,000. The transaction was approved by the board of directors of the company. The transaction is expected to close on July 23, 2019.
Internetworking and Broadband Consulting Co.,Ltd. is a Japan-based company principally engaged in the network system monitoring related business. The Company is engaged in the provision of development, sale, support and consulting services for System Answer Series, a network system information management and performance monitoring tool that monitors the operational status of information and communication networks and predictive failures. The license sales business is engaged in the sale of licenses for the System Answer Series products. The services provision business is engaged in the provision of network consulting services, network design, migration and construction services, operational consulting services, as well as various technical support services. The other product sales business is engaged in the sale of various system equipment and software associated with products and solution services to solve customer problems.
INTERNETWORKING AND BROADBAND CONSULTING CO.,LTD. 
