February 12, 2016

 

Company: SOURCENEXT Corporation

Noriyuki Matsuda, President and CEO

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

Contact: Administration Group

Fumihiko Aoyama, Managing Director

TEL: 03-6430-6406

 

SOURCENEXT Forms Business Alliance with Password Boss

 

(Tokyo, Japan –February 12, 2016) SOURCENEXT Corporation announced today that as of February 12, 2016, they have formally signed into a business alliance with "Password Boss, LLC" (henceforth referred to as "Password Boss"). Details of the alliance as below:

 

1.      Background of Business Alliance

　　　　Password Boss is a company that provides the service, "Password Boss Password Manager" –a service which allows users to manage all their passwords over various devices and platforms such as Windows / Android / iOS. The product allows users to manage several different passwords for email, online shopping, etc., all under a single master password. The data is strongly protected with an encryption and also comes equipped with an auto-backup capability to help avoid losing data in case of thefts or losses.

Seeing the recent rise in the number of frauds / incidents related to internet banking and compromised ID’s / passwords, SOURCENEXT acknowledged that there were growing needs for such products to help protect users, and thus have made the decision to form this alliance with Password Boss.

By collaborating the advanced technologies and insights provided by Password Boss with the knowledge and experience that SOURCENEXT has built up through the planning / marketing / developing of various apps and software, SOURCENEXT aim to bring forth even more growth and new opportunities to both parties.

 

2.      Details of Alliance

　　　SOURCENEXT plan to market the Password Boss service, "Password Boss Password Manager" in the Japanese region.

 

3.      Password Boss Corporate Overview

(1)	Corporate Name	PasswordBoss, LLC
(2)	Office Location	2751 Hennepin Ave S #252, Minneapolis MN 55408, USA
(3)	Representative	Stephen Wise, CEO
(4)	Description of Business	Planning, developing and marketing password management apps
(5)	Founded	03/2014

 

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 from the next fiscal year and onwards, this partnership will contribute in raising the company’s business performances.

         If it becomes apparent that this partnership will have a large impact on business performances, SOURCENEXT will make prompt announcements of such.