WAP Completes Its Financing Goal to Raise a Total of 10 Billion Yen with an Equity Investment of 5 Billion Yen from ACA Fund
Summary
Since commencing sales in January 2016 of “AI WORKS”, the AI-infused next-generation enterprise software solution, which is developed by WAP, has been adopted by over 50 companies in the past 1 and a half years, gathering significant attention globally as a comprehensive enterprise software suite encompassing Human Resources, Financial Management and Supply Chain Management with high usability. Through its partnership with ACA group, which invests in companies to support expansion into Asia and the world, WAP will further accelerate development and sales of AI WORKS. With the deployment of AI WORKS, our sales volume (on a consolidated basis) surpassed 50billion yen for the FY ending in June 2017 (+22% YoY), with a user base (corporate group numbers) of over 1,300 companies centered around large enterprises and municipalities/public institutions. WAP will aim to IPO within a few years with the assistance from ACA group who has tremendous experience in IT investments. Representative: President Akihiro Azuma 4. Business Overview: Managing investment funds to listed and unlisted companies 5.
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