Accelerating the commercialization and monetization of OcNOS through the 100% acquisition of Northforge Innovations
First written in FY2019-Q2. 3 of 7 entries say "Restated". Latest entry: FY2024.
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- FY2024ReframedAnnual report
「IP Infusion Canada Inc. changed its name from Northforge Innovations Inc. in May 2023.」
The Canadian entity acquired from Northforge changed its name to IP Infusion Canada Inc., advancing its integration into the network business brand. - FY2022-Q2Dissolution and exclusion from consolidation of an acquired subsidiaryAnnual report
「Northforge Innovations USA Inc. was dissolved during the three-month consolidated period ended the second quarter and was therefore excluded from the scope of consolidation.」
In relation to Northforge, the US subsidiary Northforge Innovations USA Inc. was dissolved and excluded from the scope of consolidation. The number of consolidated subsidiaries after the change is 12. - FY2020-Q2RestatedAnnual report
「For the six months ended the second quarter, revenue in this segment increased as a result of the acquisition of Northforge Innovations Inc. in the previous consolidated fiscal year. However, segment profit decreased year on year because of amortization of intangible fixed assets, including goodwill, arising from the acquisition, and higher depreciation associated with increased investment in OcNOS® development.」
The contribution to revenue from the Northforge acquisition, along with the cost burden from amortization of intangible fixed assets, including goodwill, and investment in OcNOS development, continues to be confirmed. - FY2020-Q1RestatedAnnual report
「Although net sales increased as a result of the acquisition of Northforge Innovations Inc. in the previous consolidated fiscal year, segment profit decreased year on year because of amortization of intangible fixed assets, including goodwill, arising from the acquisition, and higher depreciation associated with increased investment in OcNOS® development.」
The contribution to revenue following the Northforge acquisition, along with the cost burden from amortization of intangible fixed assets, including goodwill, and investment in OcNOS development, continues to be confirmed. - FY2019AdvancedAnnual report
「In August 2018, the Company acquired 100% of the shares of Northforge Innovations Inc. and made it a consolidated subsidiary, with the aim of applying its engineering resources and expertise in semiconductor chipsets for network equipment to the development of “OcNOS®.”」
The full acquisition of Northforge and its conversion into a consolidated subsidiary was reported for the full year, with the post-acquisition objectives specifically stated as applying its engineering resources and semiconductor chipset expertise to OcNOS development. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 12 July 2018, the Company resolved to acquire 100% of the shares of Northforge Innovations Inc., a software development vendor specializing in network infrastructure and network security, through its consolidated subsidiary IP Infusion Inc. Northforge Innovations Inc. is headquartered in Quebec, Canada, and its COO is Brenda Pastorek. The Company completed the procedures for acquiring all shares on 2 August 2018 (Eastern Daylight Time).」
The completion of the 100% acquisition of Northforge and its conversion into a consolidated subsidiary, followed by its inclusion in the scope of consolidation, continues to be confirmed. - FY2019-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 12 July 2018, the Company resolved to acquire 100% of the shares of Northforge Innovations Inc., a software development vendor specializing in network infrastructure and network security, through its consolidated subsidiary IP Infusion Inc. Northforge Innovations Inc. is headquartered in Quebec, Canada, and its COO is Brenda Pastorek. The Company completed the procedures for acquiring all shares on 2 August 2018 (Eastern Daylight Time). As a result, Northforge Innovations Inc. and its 2 consolidated subsidiaries became consolidated subsidiaries of the Company.」
The Company resolved to acquire all shares of Northforge Innovations through IP Infusion Inc. and completed the acquisition, making Northforge and its 2 consolidated subsidiaries consolidated subsidiaries, to accelerate the full-scale commercialization and monetization of OcNOS. The reasons for the acquisition included Northforge’s strong software development capabilities, expertise in Broadcom chipsets, and affinity with and understanding of the white-box model.