News

News

2007/5/17

Change of Subsidiary Company Name

GMO Hosting & Security Inc. subsidiary GeoTrust Japan Inc. (hereafter GTJ, CEO Ichiro Chujo, 88.2% equity held by GMO H&S) resolved at the Board of Directors meeting held today to change their company name to GlobalSign K.K. pending approval by a shareholders’ meeting to be held on May 25,2007.

1.New Company Name
GlobalSign K.K.

2.Reasons for Changing the Subsidiary Company Name
Future growth is expected throughout the world in the electronic authentication service business and in order to expand globally GTJ made GlobalSign Ltd. (formerly Certification Services Ltd, England [GSL]) a subsidiary in August 2006. GSL sells electronic authentication services in Europe under the brand name GeoTrust Europe. In October 2006 GTJ also made GlobalSign NV (Belgium [GSN]) a subsidiary.
GSN has its own certificate authority and issues and sells electronic authentication certificates predominantly in Europe.
GTJ group companies are expanding the GlobalSign brand electronic authentication service globally and are particularly focused on Europe. For this reason GTJ decided to change its name to GlobalSign K.K. in order to unify each company in the group under the same name.

3.Date of Implementation
May 30, 2007 (tentative)

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