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.
Additional information about Trend Micro Incorporated and the products and services are available at Trend Micro.com This Trend Micro news release and other announcements are available at http://trendmicro.mediaroom.com/ and as part of an RSS feed at www.trendmicro.com/rss Or follow our news on Twitter at @TrendMicro.
Mr. Mahendra Negi
Chief Operating Officer / Chief Financial Officer / IR Officer
Phone: +813-5334-4899
Fax: +813-5334-4874
ir@trendmicro.co.jp