Scala, Inc. cancelled the acquisition of 51% stake in Connect Agency Co., Ltd. from Hello-Communications, Inc.
October 26, 2019
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Scala, Inc. (TSE:4845) signed a contract to acquire 51% stake in Connect Agency Co., Ltd. from Hello-Communications, Inc. for approximately ¥430 million on October 26, 2018. A total of 510 shares will be acquired as part of the deal. Upon completion of the acquisition, Connect Agency Co., Ltd. will operate as a subsidiary of Scala, Inc.
Connect Agency Co., Ltd. reported net assets of ¥50 million and total assets of ¥373 million, as of June 30, 2018. Board of Scala, Inc. resolved in favor of the deal on the same date. Deal is expected to close by October 31, 2018.
Scala, Inc. (TSE:4845) cancelled the acquisition of 51% stake in Connect Agency Co., Ltd. from Hello-Communications, Inc. on October 26, 2019.
Scala Inc is a Japan-based company mainly engaged in the software as a service (SaaS) and application service provider (ASP) business, the sales force automation (SFA) business and others. The Company has four business segments. The SaaS/ASP segment is engaged in the provision of SaaS and ASP type services that support communication between companies and people such as i-search and i-ask. The SFA segment is engaged in the license sale of sales support systems, the provision of cloud services, customized development services, sales consulting and skill training services. The Field Marketing segment is engaged in the provision of field activities and market research services. The Customer Support segment is engaged in the provision of customer support consulting services for call centers. The Company is also engaged in the operation of electronic commerce (EC) sites, the planning, editing and publishing of business books, the provision of recruitment and employment services and others.
SCALA, INC. 
