IFP Separates “Web Division“ for Aggressive Management
September 1, 2014 - IT FUN PEOPLE(IFP) announced that it held a board of directors meeting today, where it made the decision to separate the "web division", its online distribution business unit, part of its strategy to reinforce the company's foundation and aggressive management.
With the decision, IFP will set up a subsidiary, temporarily called "Web Division", on September 30 after an approval at a general meeting of the shareholders set to be held on September 1.
After the separation, STUDIO IT FUN PEOPLE expects to enhance the expertise and efficiency of each company, while maximizing their corporate values and those of shareholders, by expanding opportunities for investment by stockholders. By concentrating more on management and pursuing specialty-oriented business, IFP's strategy is to sharpen its competitive edge. In that process, it will concentrate on augmenting existing online media platforms and establish more ethical management systems. In particular, IFP will seek to differentiate itself with other players in the market by attracting more investment and intensifying allied marking efforts, in addition to continuing to provide high value-added services to its customers.