Announcement of Acquisition of CREIT SOLUTIONS Inc.

SHIFT Inc. (“SHIFT,” headquartered in Minato-ku, Tokyo, Japan; Masaru Tange, CEO and Representative Director) announced today that its wholly-owned subsidiary, SHIFT Growth Capital (“SGC,” headquartered in Minato-ku, Tokyo, Japan; Taichi Hattori, Representative Director) decided to acquire a 90.1% equity interest in CREIT SOLUTIONS Inc. (“CREIT SOLUTIONS,” headquartered in Minato-ku, Tokyo, Japan; Takehiko Wakayama, Representative Director and Chairman; Yutaka Arisawa, Representative Director and President), a provider of contracted system development, consulting service, system engineering service. SHIFT Group will also negotiate to acquire the rest equity (9.9%) with the shareholders of CREIT SOLUTIONS.

1. Reason for the acquisition
CREIT SOLUTIONS, which will participate in the SHIFT Group, possesses advanced development and technological capabilities in system installation, development, maintenance, and operation in ERP domain. Major SIer (system integrators) that are its major customers certified CREIT SOLUTIONS not only as the Company’s core partner, but also as a development-related partner, which is one of only three of the SIer’s core partners. CREIT SOLUTIONS has also built strong relationships with customers in the telecommunications, EC packaging, and finance sectors, and has also been recognized as a key partner by the other customer. On the other hand, due to the recent recruitment environment, CREIT SOLUTIONS is aware that it is getting more challenging to build a supply system that meets stable orders from customers.

By participating in the SHIFT Group, CREIT SOLUTIONS expects to collaborate with SHIFT and HOPES Corporation (“HOPES,” headquartered in Chuo-ku, Tokyo; Representative Director and President: Kentaro Uehara), which is a group company (a wholly-owned subsidiary) of SHIFT and provides business in ERP domain.

By sharing the recruitment know-how that SHIFT has accumulated to date, CREIT SOLUTIONS will also work to build strong service supply system and to cultivate new customers while maintaining stable business relations with its key customers.
As a part of its efforts to strengthen its customer base, HOPES is working to strengthen its relationships with major SIer, one of its customers, with the aim of further strengthening its development capabilities and technological capabilities. By collaborating with CREIT SOLUTIONS, HOPES will work to strengthen its development capabilities, particularly in ERP domain, with the aim of further growing centered on its core businesses.

Please refer to the link below for further information.
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