On May 10, 2005, our US subsidiary Trend Micro Incorporated (company representative: Lane Bess, main office location: 10101 North. De Anza Blvd, Cupertino, CA 95014 U.S.A.) entered into an agreement with shareholders of InterMute Inc., a US company ("InterMute”), to acquire shares of InterMute in the following manner:
Trend Micro Incorporated is to acquire all outstanding shares of InterMute for the purpose of capitalizing on advanced technologies InterMute owns in the anti-spyware product field.
On May 10, 2005, a share acquisition agreement was entered into.
(1) Name: InterMute Inc.
(2) Representative: Ed English, CEO and Founder
(3) Location: 100 Grossman Drive, Braintree, MA 02184 U.S.A.
(4) Date of foundation: October 1999
(5) Line of business: Development of anti-spyware products
(6) Fiscal term: December 31
(7) Number of employees: 35
(8) Total assets and result of operation as of December 31, 2004
Total assets: US$2 million
Sales: US$ 4 million
Net profit: US$ 0.3 million
Trend Micro Incorporated acquires all shares issued (5,628,540 shares), which includes 1,500,000 shares from Ed English (CEO, Founder of InterMute Inc.).
Total acquisition amount is US$15 million.
Before acquisition: 0%(0 shares)
After acquisition: 100%(5,628,540 shares)
The effect of the transaction to our business results for the year ending December 31, 2005 is expected to be immaterial.
Trend Micro Incorporated (TSE: 4704), a global cloud security leader, creates a world safe for exchanging digital information with its Internet content security and threat management solutions for businesses and consumers. A pioneer in server security with over 20 years' experience, we deliver top-ranked client, server and cloud-based security that fits our customers' and partners' needs, stops new threats faster, and protects data in physical, virtualized and cloud environments. Powered by the Trend Micro™ Smart Protection Network™ cloud security infrastructure, our industry-leading cloud-computing security technology, products and services stop threats where they emerge, on the Internet, and are supported by 1,000+ threat intelligence experts around the globe.
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