May 29, 2014
Company: SOURCENEXT Corporation
Noriyuki Matsuda, CEO
(Code:4344 Tokyo Stock Exchange 1st section)
Contact: Administration Group
Fumihiko Aoyama, Director
TEL 03-6430-6406
Announcement of Business Alliance with CloudMosa
(Tokyo, Japan –May 29, 2014) SOURCENEXT Corporation, announced today that they have formed a business alliance with CloudMosa Inc. (henceforth, CloudMosa) and have officially signed contract with them, as of May 28, 2014. Details of the alliance, as described below.
1. Background of Business Alliance
CloudMosa are the developers of the popular website browsing app "Puffin Web Browser", which has recorded over 10 million downloads* worldwide. In addition to providing users with high speed internet data transmissions, it supports pages built in Flash and also implements a virtual trackpad which allows users to get a better control over items displayed on their devices. By bringing together the strong development capabilities of CloudMosa with the planning / developing / marketing skills of SOURCENEXT, the companies aim to continue expanding on their collaborative efforts in the coming future.
* Including both iOS version and Android version (as of August 2013)
2. Objectives of Alliance
SOURCENEXT will carry out the sales of CloudMosa’s Android app, "Puffin Web Browser" in the Japanese region.
3. CloudMosa – Corporate Summary
(1) |
Company Name |
CloudMosa, Inc. |
(2) |
Office Location |
19468 Burgundy Way, Saratoga, CA 95070, U.S.A. |
(3) |
Representative |
Shioupyn Shen, CEO |
(4) |
Description of Business |
A mobile technology company committed to accelerating and enriching the mobile web browsing experience. |
(5) |
Founded |
October, 2009 |
4. Future Forecasts
SOURCENEXT plans to carry out the sales of CloudMosa’s Android app, "Puffin Web Browser" in the Japanese region. Although the financial impact of this alliance may be minimal for this fiscal year (ending March 2015), SOURCENEXT expect that in the long run, this business alliance will help to raise company value and bring forth other future benefits.
If there is any significant influence or any major impacts to the company’s business performances due to this alliance, SOURCENEXT will disclose the facts accordingly.