NETCLASS TECHNOLOGY INC. Enhances Presence in Asia through Acquisition

NETCLASS TECHNOLOGY INC. Expands with Strategic Acquisition
NETCLASS TECHNOLOGY INC. (the "Company" or "NETCLASS"), a prominent provider of B2B smart education IT solutions, recently made a significant move with its acquisition of a 51% stake in CreateSolutions Co., Ltd. This Tokyo-based software company specializes in creating tailored technology solutions for various industries. The investment of JPY 2,550,000 enabled NETCLASS to acquire 255 shares of CreateSolutions, marking a pivotal moment in the company's growth strategy.
Benefits of the Acquisition
By securing a majority stake in CreateSolutions, NETCLASS not only enhances its software development capabilities but also establishes a new operational base in Japan. This acquisition is designed to reinforce NETCLASS's commitment to innovation and sustainability in technology. CreateSolutions is renowned for its high-efficiency services, which include software development, data analytics, corporate training, and business consulting — all aimed at driving corporate innovation.
Speaking on the Acquisition
Dr. Jianbiao Dai, Chairman & Chief Executive Officer of NETCLASS TECHNOLOGY INC., expressed confidence in this strategic move. He stated, "We are excited about the collaboration with CreateSolutions, as it aligns with our international expansion efforts and our dedication to delivering quality services to our clients. This acquisition is expected to broaden our customer base, accelerate revenue growth, and create new opportunities for both entities."
Overview of NETCLASS TECHNOLOGY INC.
NETCLASS TECHNOLOGY INC. stands out as a leader in providing smart education solutions. Operating in key markets including Shanghai, Hong Kong, and Singapore, the company offers a range of innovative IT solutions tailored to the needs of educational institutions, businesses, and government agencies. Their services encompass SaaS subscriptions, application software development, and various management systems aimed at enhancing teaching and learning practices.
Future Outlook
The acquisition of CreateSolutions is expected to lead to improved product quality and a diversified portfolio of services that meet the evolving needs of clients in the global market. The partnership emphasizes NETCLASS's aims to boost its technological capabilities and continue addressing the growing demand for innovative educational solutions across Asia.
Contact Information
For any inquiries related to investor relations, please reach out to NETCLASS TECHNOLOGY INC. at the following:
NETCLASS TECHNOLOGY INC.
Investor Relations
Email: ir@netclasstech.com
Contact for media inquiries:
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global
Frequently Asked Questions
What is the significance of NETCLASS's acquisition?
This acquisition strengthens NETCLASS's position in the education tech market, enabling it to enhance service offerings and expand geographically.
What does CreateSolutions specialize in?
CreateSolutions focuses on customized software solutions, data analysis, business consulting, and innovative product design.
How will this impact NETCLASS's growth?
The acquisition is expected to accelerate NETCLASS's revenue growth and broaden its customer base by enhancing its software capabilities.
Where does NETCLASS operate?
NETCLASS has offices in Shanghai, Hong Kong, and Singapore, catering to a wide array of clients in the educational sector.
Who can I contact for more information?
For inquiries, you may reach out to NETCLASS's investor relations team or contact Jackson Lin at Lambert by LLYC.
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