HeartCore Enterprises, a leading software development company, has closed on its previously announced acquisition agreement. According to the agreement, the company has successfully acquired a 51% majority stake in Sigmaways Inc., a privately held software engineering service provider delivering IT solutions. The announcement noted that Sigmaways has a number of blue-chip, U.S.-based clients and affiliates and is expected to supplement HeartCore’s existing customer base, in addition to adding valuable software engineering capabilities, such as Big Data & Cloud services, API management, and microservices architecture. “The majority stake acquisition of Sigmaways marks an inflection point in HeartCore’s history,” said HeartCore Enterprises CEO Sumitaka Yamamoto in the press release. “We intend to capitalize on the myriad of synergies between our two organizations, as the number of opportunities to cross-sell and upsell our software solutions among our joint robust slate of customers remain vast. More specifically, Sigmaways’ high-quality of work and sticky business model of multiyear contracts to develop their clients’ IT has resulted in deals with existing, highly regarded customers such as MasterCard, Live Nation, Ikea and more; we remain keen on selling our Content Management System and Digital Transformation software to their clients. All in all, I am very pleased with the acquisition of a healthy and growing company that has increased year-over-year revenue by approximately 48% to $12.9 million and look forward to the value this will generate for both organizations.”
To view the full press release, visit https://ibn.fm/lBJtM
About HeartCore Enterprises Inc.
Headquartered in Tokyo, Japan, HeartCore Enterprises is a leading software development company offering Software as a Service (“SaaS”) solutions to enterprise customers in Japan and worldwide. The company also provides data analytics services that allow enterprise businesses to create tailored web experiences for their clients through best-in-class design. HeartCore’s customer experience management platform includes marketing, sales, service and content management systems, as well as other tools and integrations that enable companies to enhance the customer experience and drive engagement. HeartCore also operates a digital transformation business that provides customers with robotics process automation, process mining and task mining to accelerate the digital transformation of enterprises. Furthermore, HeartCore offers Go IPO, a consulting service where it assists private companies with uplisting onto the Nasdaq Stock Market. For more information, visit the company’s website at www.HeartCore.co.jp.
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