May 31, 2017

 

Company: SOURCENEXT Corporation

Noriyuki Matsuda, President and CEO

(Code: 4344 Tokyo Stock Exchange 1^st Section)

Contact: Administration Group

Fumihiko Aoyama, Managing Director

TEL: 03-6254-5231

 

SOURCENEXT Forms Business Alliance with IMC

(Tokyo, Japan –May 31, 2017) SOURCENEXT Corporation announced today, that they have signed a contract with a U.S. software publisher, IMC, Inc. (henceforth referred to as "IMC"), to form a business alliance. Details of the Agreement as below:

 

1.      Background of Business Alliance

IMC is a software publisher based in the U.S. which owns the selling rights to the "Movavi Video Suite", a software developed by Movavi Software Ltd.^*1 The "Movavi Video Suite" is a movie creation software which allows even novice PC users to create professional, high quality movies and slideshows. The product supports importing of music, inserting text, and also allows users to apply various transition effects. Having over 1 million users^*2 around the world, this marks the first time that the product is sold in Japan.

*1 Movavi Software Ltd. is a company based in the Cyprus Republic which plan / develop / sell multimedia software

*2 Based on studies by Movavi Software Ltd. as of MONTH YEAR

By taking the highly potential products developed by IMC, SOURCENEXT aims to collaborate their knowledge and experience in the area of software planning / marketing / development, to bring forth even further growth and new business opportunities for both parties.

 

2.      Details of Business Alliance

SOURCENEXT will distribute the app, "Movavi Video Suite" (which IMC holds the selling rights to) in the Japanese region.

 

 

3.      Corporate Overview of IMC, Inc.

(1)    Corporate Name	IMC, Inc.
(2)    Office Location	4725 La Villa Marina, Unit B, Marina Del Rey, CA USA 90292
(3)    Representatives	President：Malika Bounaira Siraji
(4)    Details of Business	Sales of PC software
(5)    Founded	July 2014
(6)    Main Shareholders and Percentage of Shares	Malika Bounaira 100%
(7)    Relationship between Company and SOURCENEXT	Capital Relationship	No Capital Relationships with Company.
	Personal Relationship	No Personal Relationships with Company.
	Business Relationship	No Business Relationships with Company.

 

4.      Key Dates

(1)    Agency Decision for executing Partnership Agreement	May 31, 2017
(2)    Contract Signing Date	May 31, 2017
(3)    Begin Partnership	June 2017 (Expected Date)

 

5.      Future Forecasts

　　　Although SOURCENEXT see the financial impact from this partnership to be minimal for the Fiscal Year ending March 2018, they believe that in the long term, this partnership will lead to increased corporate value in the years to come. If any events or issues arise which may affect future business performances, SOURCENEXT shall promptly make notice of such.