Announcement of Merger to Strengthen IoT Businesses
Merging Electronic Authentication Technologies with Embedded Linux to Expand Business Overseas
Tokyo - July 20, 2017- MIRACLE LINUX CORPORATION (head office: Shinjuku-ku, Tokyo; President and CEO: Tatsuo Ito; "MIRACLE LINUX" hereinafter) announces that the boards of directors of MIRACLE LINUX and of Cybertrust Japan Co., Ltd. (head office: Minato-ku, Tokyo; President and CEO: Yasutoshi Magara; "Cybertrust" hereinafter) have passed resolutions to merge the two companies, effective October 1, 2017 (scheduled date).
Founded in 2000, MIRACLE LINUX supplies its enterprise Linux operating systems under the MIRACLE LINUX brand to customers across a broad range of sectors, including telecommunications, public services, and finance, based on its technology and support meeting Japanese quality standards. In addition to its track record in enterprise Linux OS, the company is also growing sales of embedded Linux OS for special-purpose electronic devices by applying the knowledge and skills with Linux kernel. With the growing commercial viability of IoT in recent years and expanding adoption of Linux as an OS for IoT devices, MIRACLE LINUX continues to expand the embedded Linux sector.
Since its establishment in 1995, Cybertrust, an information security company, has offered safety and security to a wide range of customers and partners. As Japan's first electronic authentication authority for commercial purposes, its electronic authentication services, including server certificates, have been in use for longer than those of any other company in Japan. Cybertrust recently began offering Secure IoT Platform, an authentication infrastructure designed to enable safe and secure deployment of IoT devices, which continue to increase and diversify.
The combined company will consolidate MIRACLE LINUX's embedded technologies with Cybertrust's security technologies. With the Secure IoT Platform serving as the core of its growth strategy, the company intends to develop a globally-competitive IoT business.
After the merger, the various OSS-based products and services currently offered by MIRACLE LINUX will continue to be supplied and supported and will retain their current brand names. These include the Asianux Server (MIRACLE LINUX) enterprise OS; the Embedded MIRACLE embedded Linux solutions; and the MIRACLE ZBX integrated system monitoring solutions.
Likewise, all services currently offered by Cybertrust will remain available after the merger. These include the SureServer and DigiCert SSL server certificates; the Device iD and Personal iD certification services; and the Managed PKI service.
Our customers will continue to be able to use current products and services from both companies at ease in the same manner as before.
<Outline of Merger>
1. Merger schedule
| July 20, 2017 | Board of Directors Meetings of each of the companies involved in the merger to approve the merger agreement |
| August 21, 2017 | Public notice of the merger |
| August 15, 2017 | Shareholders' Meetings of each of the companies involved in the merger to approve the merger agreement |
| October 1, 2017 | Effective date of merger |
2. Merger method
The Merger will be an absorption-type merger between MIRACLE LINUX CORPORATION as the surviving company and Cybertrust Japan Co., Ltd. as the absorbed company.
3. Allotment of shares in connection with merger
| MIRACLE LINUX CORPORATION (Surviving Company) | Cybertrust Japan Co., Ltd. | |
| Allotment of shares (Consolidated ratio) | 1 | 0.30577 |
4. Post-merger details
| (1) Company Name | Cybertrust Janan Co., Ltd. |
| (2) Address | SHINJUKU EASTSIDE SQUARE 7F 6-27-30, Shinjuku, Shinjuku-ku, Tokyo 160-0022 Japan |
| (3) Representative Director | Shinichi Ata, President & CEO |
| (4) Business Activities |
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| (5) Capital Stock | 400 million yen |
| (6) End of Fiscal Year | March 31 |
This is an English translation of MIRACLE LINUX's news release which is prepared for the convenience of readers outside Japan. If there is any inconsistency between the English translation and the original version in Japanese, the Japanese version will prevail.
