NTT Com Buys Digital Forest For $24M
Posted on March 26th, 2009 by Shunichi Arai
NTT Communications annouced yesterday to acquire 100% shares of Digital Forest for 2.46 billion yen ($24M).
Digital Forest is a company which focuses on Web marketing technology and solutions. They sell an access log analysis tool Visionalist for high-end customers, and also provide web / search engine consulting and solutions service too.
NTT Communications is one of the world’s biggest telecommunications companies, and a wholly-owned subsidiary of Nippon Telegraph and Telephone.
This deal is good news for Japanese startup industry. Acquiring tech startup by old big company is considered unusual deal in Japan. Also, deal amount is usually not disclosed, even if that kind of deal happens.
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via Venture View [JP]
Author Information Shunichi Arai is developing a product for his new stealth startup. Arai devotes his life to software business, reading, and salsa dancing. Arai also loves to learn other cultures and languages such as Korean. 
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