UBIC Formalizes Name Change to FRONTEO

Thursday, June 30, 2016 - 13:39

TOKYO, June 29, 2016 (GLOBE NEWSWIRE) — UBIC, Inc. (Nasdaq:UBIC) (TSE:2158) (“UBIC” or “the Company”), a leading provider of international litigation support and big-data analysis services, announced today that its corporate name will be changed to FRONTEO, effective July 1, 2016, following approval given to a relevant revision of the articles of incorporation at a general shareholders’ meeting on June 29, 2016.

Since the Company was founded in August 2003, UBIC has adhered to the philosophy of maintaining its corporate pride and values while developing and applying its technology in the legal field. At the same time, UBIC has been expanding the scope of applications of the KIBIT Artificial Intelligence (AI) engine, which can learn individuals’ experiences, knowledge and senses and conduct analysis based thereon. In 2015, KIBIT was used to commercialize new areas such as health care, business intelligence and marketing, creating new revenue streams for the Company.

The name change is intended to emphasize our capability to create a better future for the people and society and further expand the scope of fields where AI technology can be applied. We will pursue our ambition of enlightening humanity and society, which is embodied by the new company logo.

The names of UBIC and its group companies will be changed as follows:

Until June 30     From July 1UBIC, Inc.     FRONTEO, Inc.UBIC MEDICAL, Inc.     FRONTEO, Inc.Rappa, Inc.     FRONTEO CommunicationsEvD, Inc. / UBIC North America, Inc.     FRONTEO USA, Inc.Tech Law Solutions, Inc.     FRONTEO Government Services, Inc.(*)UBIC Korea, Inc.     FRONTEO Korea, Inc. (주식회사 프론테오코리아)UBIC Taiwan, Inc.     FRONTEO Taiwan, Inc. (幅銳態科技股份有限公司)       

Note: FRONTEO Government Services, Inc. will become a subsidiary of FRONTEO USA, Inc.

*The word FRONTEO consists of the word “FRONT,” which implies forefront, and the Latin word “EO” which implies moving forward. Additionally, it stands for “Frontier Technology Organizations.”