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Ridge-i Inc. continues to rise on subsidiary acquisition of SK Collaboration, parent of Soken Information
Ridge-i Inc. <5572> continued to rise. After the close of trading on the 18th, the company announced it will make SK Collaboration (Minato-ku, Tokyo), the parent company of independent system development firm Soken Information (Minato-ku, Tokyo), a subsidiary. This appears to have supported the stock price. As projects related to AI transformation - which involves embedding generative AI into corporate core operations and business systems, including continuous operational improvements - are rapidly expanding, Ridge-i will leverage Soken Information's expertise in business system development and operations. The company will build the necessary framework for business expansion. The acquisition price is 200 million yen, excluding advisory fees and other costs. The share transfer will be executed on May 21.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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