|By PR Newswire||
|October 5, 2012 05:45 AM EDT||
LOS ANGELES, Oct. 5, 2012 /PRNewswire/ -- Polaris International Holdings, Inc announced today that it is preparing to adjust our current clients' systems into a new platform and to restructure their overlapping business units as the historic merger with Tokyo Stock Exchange Group, Inc and Osaka Securities Exchange, Co (JASDAQ: 8697) takes effect the first of the year 2013.
On August 23, 2012, the Tokyo Stock Exchange announced that they had completed a $1.1 Billion public tender offer for its smaller rival, a merger that could bolster Japan's standing as an Asian financial hub. The combined entities, tentatively called the "Japanese Exchange Group" will be the world's third largest stock exchange.
According to Naoto Higuchi, Polaris Holdings VP and Head of Japan Operations, "Our primary focus on this project is to create a smooth transition during our clients' integration with the new merged entity as we consolidate their transaction systems and seamlessly integrate their offices in Japan and throughout Southeast Asia into the new infrastructure. In addition to integrating our existing customers, the merger is also creating new opportunities and new revenues."
Polaris International Holdings, Inc. through its subsidiary Staff IS CO., Ltd is an international IT provider serving many Fortune 500 companies, financial institutions and publicly traded companies.
Safe Harbor: Statements regarding financial matters in this communication, other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy, mergers and acquisitions, and all other forward-looking statements be subject to the Safe Harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially form the expected results.
SOURCE Polaris International Holdings, Inc.