January 28, 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 Announces Business Partnership with Read It Later

(Tokyo, Japan –January 28, 2016) SOURCENEXT Corporation announced today that they have formally signed into a business alliance with "Read It Later, Inc" (henceforth referred to as "Read It Later") as of January 28, 2016. Details of the alliance are as follows:

 

1.      Background of Business Alliance

    Read It Later is a software development company based in the U.S. who are the developers of the service, "Pocket" –a service which allows users to save webpages for viewing later on any device. An extremely popular and highly-rated service, it won both the "Best Mobile Productivity App," "Best Mobile User Experience," and the "Best Service &Utility for Tablets" awards in the 2014 Webby Awards*1. By collaborating the powerful apps and services developed by Read It Later with the knowledge and experience that SOURCENEXT has built up in the planning / marketing / developing of apps, SOURCENEXT aims to bring forth new growth and business opportunities for both parties.

   *1 The "Webby Awards" is an award which is presented by the IADAS (International Academy of Digital Arts and Sciences) to honor websites, interactive advertising &media, mobile sites &apps which excel in technology and creativity.

 

2.      Details of Business Alliance

   Through this partnership, SOURCENEXT will be carrying out the sales of Read It Later’s service, "Pocket" in the Japanese region.

 

3.      Read It Later Corporate Overview

(1)

Corporate Name

Read It Later, Inc

(2)

Office Location

731 Market Street, Suite 410, San Francisco, CA 94103

(3)

Representative

Nate Weiner

(4)

Main Businesses

Development of Read-it-later services

(5)

Founded

May 2011

 

4.      Future Forecasts

   Although SOURCENEXT sees the financial impact from this partnership to be minimal for the Fiscal Year ending March 2016, they expect that this partnership will help contribute to the company’s business performance in the following years.