freee K.K. (4478) · InitiativeAdvanced
Entry into the legal sector through the acquisition of 株式会社サイトビジット as a subsidiary
First written in FY2021-Q3. 2 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2024.
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Entry into the Legal and Contract SaaS Business Through the Acquisition of サイトビジット as a SubsidiaryA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2024AdvancedAnnual report
「フリーサイン株式会社 became a wholly owned subsidiary in June 2024.」
フリーサイン株式会社, formerly サイトビジット, became a wholly owned subsidiary in June 2024, and a resolution was also passed for an absorption-type merger effective 1 July 2024. The Group is proceeding with the integration of its legal and contract businesses. - FY2021AdvancedAnnual report
「Voting rights ratio acquired on the business combination date: 68.2%. Following the business combination date, additional shares were acquired, bringing the voting rights ratio to 70.0% at the end of the current consolidated fiscal year.」
Following the acquisition of サイトビジット as a subsidiary, additional acquisitions increased the voting rights ratio from 68.2% to 70.0%, and the Company also states that it began providing the electronic contract service NINJA SIGN by freee. - FY2021-Q3AchievedAnnual report
「At a meeting of the Board of Directors held on 10 March 2021, the Company resolved to acquire part of the shares of 株式会社サイトビジット and make it a subsidiary, and acquired the shares on 1 April 2021.」
Regarding サイトビジット, which operates the electronic contract service NINJA SIGN and other businesses, the Company acquired shares on 1 April 2021 and made it a subsidiary with a voting rights ratio of 68.2%. The consideration for the acquisition was ¥2,700.045 million, and the Company describes its policy of incorporating legal and contract operations into its integrated cloud ERP.