IFIS Japan Ltd. (TSE:7833) signed a contract to acquire media platform business from CREO Networks CO.,LTD. for ¥110 million on January 9, 2015. The acquisition consideration is planned to be funded from cash in hand. For the period ended March 2014, media platform business recorded revenue of ¥116 million.

As of November 30, 2014, media platform business reported total assets of ¥16 million. The transaction was resolved by Board of Directors of IFIS Japan Ltd. and Creo Co., Ltd. on January 9, 2015. The business is planned to be transferred by February 1, 2015.