January 19, 2016

 

Company: SOURCENEXT Corporation

Noriyuki Matsuda, President and CEO

(Code: 4344 Tokyo Stock Exchange 1st Section)

Contact: Administration Group

Fumihiko Aoyama, Managing Director

TEL: 03-6430-6406



SOURCENEXT Forms Business Alliance with DailyRoads

(Tokyo, Japan –January 13, 2016) SOURCENEXT Corporation announced today that as of January 192016, they have formally signed into a business alliance with "DailyRoads LTD" (henceforth referred to as "DailyRoads"). Details of the alliance as below:

 

1. Background of Business Alliance

    DailyRoads is a development company based in the U.K. that develops the advanced drive recorder app "DailyRoads Voyager Pro" for Android devices. This "DailyRoads Voyager Pro" is an extremely popular application which allows a regular smartphone to be used as a drive recorder, and has a total of over three million*1 downloads. By collaborating these advanced products provided by DailyRoads with the knowledge and experience that SOURCENEXT has accumulated through the planning / marketing / developing of various software, SOURCENEXT aim to bring forth even more growth and new opportunities to both parties.

   *1 As of January 2016. Based on surveys conducted by DailyRoads. Includes free version users "DailyRoads Voyager"

   

2. Details of Alliance

   SOURCENEXT will be marketing the "DailyRoads Voyager Pro" (service provided by DailyRoads) to the Japanese region.

 

3. DailyRoads Corporate Overview

(1)

Corporate Name

DailyRoads LTD

(2)

Office Location

Suite 173, Marner Point, 1 Jefferson Plaza, London, E3 3QE, United Kingdom

(3)

Representative

Director Robert Fejer

(4)

Description of Business

Planning, development and sales of drive recorder apps

(5)

Founded

October 2011

 

4. Future Forecasts

   Although SOURCENEXT see the financial impact from this partnership to be modest for the Fiscal Year ending March 2016, they expect that in the future, this partnership will contribute in increasing the company’s corporate value.

If it becomes apparent that there will be any financial impacts through this partnership, SOURCENEXT will make prompt announcements of such facts.