alt Inc. (https://alt.ai/en/, head office: Minato-ku, Tokyo; CEO: Kazutaka Yonekura), is pleased to announce that at its board of directors meeting held today, it resolved to acquire shares in Wasabi Co., Ltd. and Green & Digital Partners Co., Ltd., making them subsidiaries of alt as detailed below.
１．Rationale for Acquisition of Shares
By providing personalized artificial intelligence, alt aims to accelerate the realization of an autonomous society—making memories eternal, reproducing will, and maximizing and externalizing individual value. alt has been a pioneer in the research and development of P.A.I. (Personal Artificial Intelligence) with two missions: “from Laboro to Opera” and "making our existence eternal." P.A.I. is designed to digitize our intentions and bring them to the cloud so that AI clones can perform any digital work; in other words, we’re building a world in which everyone has their own AI, freed from labor (Lavoro) and able to immerse themselves in artistic activity (Opera).
Since its founding in 2020, Wasabi has been expanding its SES (System Engineering Service) and DX consulting businesses, with strengths in DX/CX consulting and systems development to support clients' business transformation.
Our AI Products business focuses on software that utilizes AI technology, while our and AI Solutions business supports clients considering the use of AI through project execution such as consulting, PoCs (proofs of concept), production development, and collaborative sales. The use of AI is essential in any digital transformation project today, and a CX perspective is important when implementing AI in customer-facing systems. We have decided to acquire all shares of Wasabi because we believe that Wasabi’s strengths can be utilized to strengthen our business development and system development capabilities in our AI Solutions business, and that this will contribute to increasing the corporate value of our group.
Green & Digital Partners was established in 2022 by Takumi Kuriyama, representative director of Wasabi, with the aim of separating the SES business and DX consulting business; today, however, the business aims of the two companies are similar. Therefore, we have decided to group both companies at the same time as well as to acquire all shares in Green & Digital Partners.
２．Overview of the subsidiary to be transferred
３．Overview of the company acquiring shares
４．Number of shares to be acquired, acquisition price, and shareholding status before and after the acquisition
５．Schedule
６．Future outlook
With the acquisition of this subsidiary, alt will transition from standalone to consolidated financial statements starting from the fiscal year ending December 2024.
The impact of this acquisition on our consolidated financial results for the recent fiscal year ending December 2024 is currently being examined, and we will promptly announce any relevant findings.
■About alt Inc.
Founded in November 2014, alt is a company that "aims to free people from unproductive labor" by creating "P.A.I." (Personal Artificial Intelligence) and AI clones. In addition to AI GIJIROKU, a communication intelligence that utilizes speech recognition technology born from the development of an AI dialogue engine, we also develop and provide products, such as altBRAIN, CLONEdev, and altTalk, that provide solutions to various business issues through PoC (Proof of Concept).
https://alt.ai/en/
<Media Inquiries to:>
Misako Nishizawa (Media Relations)
e-mail: press@alt.ai