OREANDA-NEWS. UBIC, Inc. (Nasdaq:UBIC) (TSE:2158) ("UBIC" or "the Company"), a leading provider of international litigation support and big data analysis services, today announced that pursuant to its Board of Directors’ Meeting on May 26, 2016, a resolution was approved to merge UBIC North America, Inc. (“UNA”) and TechLaw Solutions, Inc. (“TLS”) into EvD, Inc. (“EvD”). Since this merger is a simplified merger of UBIC’s wholly-owned consolidated subsidiaries, certain disclosure items and details have been omitted.

Particulars

1. Purpose of Merger
EvD, UNA and TLS are consolidated subsidiaries of UBIC which engage in the e-discovery business and related consulting businesses in North America. Based upon the similarity of these business lines, the integration of these subsidiaries will further streamline the overlapping business lines and improve overall efficiency resulting in reduced redundancies and expenses.

2. Outline of the Merger
(1) Schedule

Resolution of the Board of Directors         May 26, 2016
Signing of the merger agreement         July 1, 2016
Scheduled date of the merger (effective date)         July 1, 2016
           

(2) Method of the merger
A simplified merger, with EvD as the surviving company, and UNA and TLS being dissolved.

(3) Details of allotment related to the merger
Since at the time of the merger, EvD will be wholly-owned subsidiary of the Company and UNA and TLS are wholly-owned subsidiaries of EvD, there will be no issuance of the Company’s shares, a capital increase or a cash payment by the Company as a result of the merger.

(4) Handling of share subscription rights and bonds with share subscription rights of the dissolving company
EvD, UNA and TLS have not issued share subscription rights or bonds with share subscription rights. 

3. Outline of Companies Involved in the Merger (as of March 31, 2016)

  Surviving company Dissolving company Dissolving company
(1)  Company name EvD, Inc. UBIC North America, Inc. Techlaw Solutions, Inc.
(2)  Location of Head Office 611 Mission Street, 4th Fl. San Francisco, CA 94105, USA 3 Lagoon Drive, Suite 180, Redwood City, CA94065 USA 14399 Penrose Place, Suite 200, Chantilly, VA 20151 USA
(3)  Name of Representative (CEO) Alejandrino F. Jimenez Alejandrino F. Jimenez Alejandrino F. Jimenez
(4)  Line of business E-discovery, legal/compliance professional services E-discovery, legal/compliance professional services E-discovery, legal/compliance professional services
(5)  Established(Year) 1997 2007 1983
(6)  Fiscal year end December 31
(will change to March 31)		 March 31 March 31
(7)  Major shareholders and ownership ratio (as of March 31, 2016) UBIC, Inc.  100% UBIC, Inc.  100% UBIC, Inc.  100%

4. Status after the Merger
After the merger, there will be no change in EvD’s officers and directors or line of business. The new, combined U.S. entity will be called “FRONTEO USA, Inc.” and its head office will be located at 1114 Avenue of Americas, 4th Floor, New York, NY 10036 USA

5. Future Outlook
Since this is a simplified merger among the Company's wholly-owned subsidiaries, the impact of the merger on consolidated business results will be minor.

UBIC, Inc. (Nasdaq:UBIC) (TSE:2158) supports the analysis of big data based on behavior informatics by utilizing its technology, "KIBIT". UBIC's KIBIT technology is driven by UBIC AI based on knowledge acquired through its litigation support services. The KIBIT incorporates experts' tacit knowledge, including their experiences and intuitions, and utilizes that knowledge for big data analysis. UBIC continues to expand its business operations by applying KIBIT to new fields such as healthcare and marketing. UBIC was founded in 2003 as a provider of e-discovery and international litigation support services. These services include the preservation, investigation and analysis of evidence materials contained in electronic data, and computer forensic investigation.  UBIC provides e-discovery and litigation support by making full use of its data analysis platform, "Lit i View®", and its Predictive Coding technology adapted to Asian languages.