I3Systems, Inc. announced that it has received ¥300 million in funding from JAFCO Co., Ltd.
April 28, 2014 at 12:00 am
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i3Systems, Inc. announced that it has received ¥300 million in a round of funding from JAFCO SV4 Investment Limited, a fund managed by JAFCO Co., Ltd. on April 28, 2014. The company issued equity securities in the transaction. The company issued the securities through third party allocation.
On April 28, 2014, i3Systems, Inc. closed the transaction.
i Cubed Systems Inc is a Japan-based company mainly engaged in the provision of management services for managing mobile terminals as Software as a Service (SaaS), and the investing activities. The Company operates through two business segments. The CLOMO business segment provides functions for visualizing the usage status of mobile terminals, setting and restricting functions, and security measures as licenses, centered on CLOMO MDM, a mobile device management (MDM) service that centrally manages and operates mobile terminals and mobile personal computers (PCs). The CLOMO business segment also sells licenses for CLOMO SECURED APPs, which are applications for mobile terminals. The main services include CLOMO service and SECURED APPs service. The Investment Business segment is engaged in investment activities through corporate venture capital (CVC) and mergers and acquisitions (M&A). The main investment targets include mobile, SaaS, security and others.
I CUBED SYSTEMS, INC. 
