Announcement of Transition to Holding Company Structure through Company Split and Change of Trade Name (Prometech Group, Inc.)
We are pleased to announce that as of October 1, 2023, our company will transition to a holding company structure through a company split, and Prometech Software, Inc. will change its trade name to Prometech Group, Inc. (Head office: Bunkyo-ku, Tokyo; Chairman and CEO: Tomomitsu Fujisawa).
In accordance with the transition to a holding company structure, the rights and obligations of the CAE and HPC & Visualization businesses of the former Prometech Software, Inc. were transferred to the newly established wholly owned subsidiary (New Prometech Software, Inc.) through an absorption-type company split.
Summary
About the holding company: Prometech Group, Inc. (formerly Prometech Software, Inc.)
| Trade Name | Prometech Group, Inc. |
| Date of Establishment | October 29, 2004 |
| Representative | Founder, Chairman and Group CEO FUJISAWA Toshimitsu |
| Location | Hongo Dai-ichi Building, 8F, 34-3, Hongo 3-chome,Bunkyo-ku, Tokyo 113-0033, Japan |
| Main Businesses | Management of group companies, etc. |
| Homepage | https://group.prometech.co.jp/ |
About Subsidiary: (New) Prometech Software, Inc.
| Trade Name | Prometech sowtware, Inc. |
| Date of Establishment | April 6, 2023 |
| Representative | President and CEO SUZUKI Takahiko |
| Location | Hongo Dai-ichi Building, 8F, 34-3, Hongo 3-chome,Bunkyo-ku, Tokyo 113-0033, Japan |
| Main Businesses | R&D and sells CAE software and provides consulting services in Computational Fluid Dynamics and Powder Simulation. HPC(High performance Computing) and Visualization solution servises. |
| Homepage | https://www.prometech.co.jp/ |
Holding Company Structure (as of October 1, 2023)
Prometech Group, Inc, which aims to become the world's No. 1 tech company in computational science through collaboration between industry and academia, has reorganized its management structure into a holding company to create synergies through an organization united from the perspective of management strategy.
Under this new structure, Prometech Group, Inc. will 1) raise risk money to invest in new businesses and business expansion, 2) acquire external capabilities through M&A and capital and business alliances, and 3) attract excellent human resources by introducing personnel systems that fit each operating company, thereby growing both core businesses and new businesses.