Press release from Business Wire India
Source: e4e
Wednesday, August 22, 2012 02:20 PM IST (08:50 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Information technology, Media & entertainment; Technology
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Pole To Win Co., Ltd. Announces Acquisition of Worldwide Interactive Entertainment Business of e4e Inc.
Acquisition Expands Pole To Win's Global Service Capabilities and Grows Global Customer List
Tokyo, Japan, Wednesday, August 22, 2012 -- (Business Wire India) -- Pole To Win, Co., Ltd, a subsidiary of Poletowin Pitcrew Holdings (Code:3657, TSE) and a global leader in the Interactive Entertainment industry, today announced it has signed a definitive agreement to acquire the worldwide Interactive Entertainment division of e4e Inc., a privately-held BPO company.
"We are continuing our focus on enhancing our global capabilities and growing the service mix of our business through strategic investments like the acquisition of the Interactive Entertainment business of e4e," stated Naoto Konishi, President of Poletowin Pitcrew Holdings. "We anticipate strengthening existing client relationships, growing new ones and increasing our global footprint through this strategic acquisition."
"This acquisition will strengthen our customer portfolio by adding a number of G2000 clients. In addition, this acquisition enhances our ability to provide end to end testing and customer support services to our clients from our network of facilities in Japan, the US, Europe, Singapore and India," stated Teppei Tachibana, President and CEO, Pole To Win America, Inc. "With the acquisition of this division of e4e, Pole To Win will have over 3,500 employees around the world, operating in five countries and delivering support in over 21 languages."
"Over the last decade, e4e has built an enviable list of customers and best-in-class employees. We are confident that Pole To Win is the right partner with the necessary scale to acquire our Interactive Entertainment business and make investments to help our staff and customers grow," said Bhaskar Menon, e4e, Chief Executive Officer and President. e4e Inc. will continue to focus on its Healthcare division.
e4e's Interactive Entertainment business employs about 450 employees in Hunt Valley, Maryland (USA); Glasgow, Scotland (UK) and Bangalore, India. The closing of the acquisition, which is subject to customary closing conditions, is expected to occur by the end of September 2012.
About e4e Inc.
e4e is an IT Enabled Services and Business Process Outsourcing Company with proven experience in delivering business value through cost reduction, process re-engineering and most importantly through enhanced service quality and superior customer experience in the existing and new markets. e4e's scalable technology-driven services cover two broad market opportunities and segments, in: (1) Interactive Entertainment Services and, (2) Healthcare Business Services. All these services are enabled through e4e's business-specific domain experience, globally distributed state-of-the-art service delivery centers and over 2,000 experienced service delivery professionals. After the proposed transaction e4e will solely focus on the Healthcare market place. For more information, visit: www.e4e.com
About Pole To Win Co., Ltd.
Pole To Win a subsidiary of Poletowin Pitcrew Holdings, Inc., was established in 1994 in Japan covering a range of services over the past 18 years, primarily testing and localizing entertainment software. Our studio locations spans 13 locations around the globe in Japan, Singapore, America, and Europe with over 3,000 testers and localizers working around the clock, we have made our mark as one of the world's largest testing company. We have tested over 6,000 console titles 10,000 mobile titles and we continue to provide our services to renowned publishers and developers around the globe.
Safe Harbor Statement
Statements in this press release regarding Pole To Win Co., Ltd., which are not historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may be identified by terms such as believe, expect, may, will, provide, could and should and the negative of these terms or other similar expressions.
These statements, including statements regarding the strengthening of client relationships and growth of new clients, strengthening of our customer portfolio, expectations of greater cross-selling opportunities, number of employees, countries of operation, and support languages, the timing of the closing of the acquisition and acquisition integration related charges, and the benefits of these acquisitions, are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, but are not limited to: the successful transition of this division of e4e; loss of e4e's vendors and customers; general economic conditions and any weakness in IT and consumer electronics spending; the loss or consolidation of one or more of our significant suppliers or customers; market acceptance of our services; competitive conditions in our industry and their impact on our margins; pricing, margin and other terms with our customers; our ability to gain market share; changes in our costs and operating expenses; changes in foreign currency exchange rates; changes in the tax laws; risks associated with our international operations; credit exposure to our reseller customers; and negative trends in their businesses; and other risks and uncertainties detailed in our Form 10-Q for the fiscal quarter ended January and from time to time in Pole To Win Co., Ltd. filings. Statements included in this press release are based upon information known to Pole To Win Corporation as of the date of this release, and Pole To Win Co., Ltd. assume no obligation to update information contained in this press release.
Copyright 2012 Pole To Win Co., Ltd. All rights reserved. Pole To Win, the Pole To Win Logo, and all other Pole To Win Pitcrew Holdings companies, product and services names and slogans are trademarks or registered trademarks of Pole To Win Co., Ltd. Pole To Win Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.
© 2012 e4e Inc., All Rights Reserved
© 2012 Pole To Win Co., Ltd., All Rights Reserved
CONTACT DETAILS
Masaru Harada, EVP & CFO, Pole To Win America, Inc., 1-408-541-0400, masaru_harada@poletowinamerica.com
Stephen Moseley, CFO, e4e Inc, 1-410-568-3082, steve.moseley@e4e.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
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