Integration of Labor-Time Management SaaS Through the Acquisition of 蒼天
First written in FY2024-Q2. 1 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2025-H1.
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- FY2025-H1ReframedAnnual report
「株式会社蒼天, formerly a consolidated subsidiary, ceased to exist following an absorption merger in which the company remained as the surviving entity, and was therefore excluded from the scope of consolidation during the current interim consolidated accounting period.」
Following the acquisition of 蒼天, group-company operations transitioned to integration into the parent company through an absorption merger in which the company remained as the surviving entity. - FY2024AdvancedAnnual report
「The company operates CloudLog, a work-hour management tool, in its strategic Business SaaS segment under YOSHIDA300, its medium-term management goal for improving the productivity of Japanese companies.」
The company states that the acquisition of 蒼天 and the integration policy for Timekeeper have entered the implementation phase, and that CloudLog ARR exceeded ¥600 million as of the end of April 2024. - FY2024-Q2First statedAnnual report
「蒼天 develops and provides its core service, Timekeeper, a system that automatically aggregates PC usage time and manages working hours, and has a track record of adoption by numerous major companies for which development and maintenance are highly demanding. By bringing the company into the group, we will strengthen functionality and expand our client resources by integrating CloudLog and Timekeeper, accelerating the ARR ¥10 billion strategy set out for the Business SaaS segment.」
The company acquired 100% of 蒼天's shares on 12 January 2024 and outlined plans to integrate Timekeeper, a labor-time and PC-asset management SaaS product, with CloudLog. The acquisition cost was ¥79.999 million.