Brother Spins Off BuddyBoard SaaS Business

Brother Spins Off BuddyBoard SaaS Business

Brother Industries announced that its Board of Directors has approved a simplified absorption-type company split to transfer its work communication software service “BuddyBoard” to a newly established subsidiary, BuddyBoard Inc.. The split is scheduled to take effect on May 1, 2026.

Launched in 2021, BuddyBoard is an original notebook application for iPad that allows users to share handwritten content in real time within the app. The platform is primarily used in the construction industry for brainstorming, collaborative planning, and providing instructions on design drawings.

Following the establishment of BuddyBoard Inc. as a wholly owned subsidiary, the company will implement a third-party share allotment to IXS No. 1 Investment Limited Partnership, an independent investment fund managed by IncubeX Studio Co., Ltd.. As a result, IXS will acquire a 51% stake in BuddyBoard Inc., and the entity will cease to be a consolidated subsidiary of Brother.

Brother stated that the partnership will enable the BuddyBoard business to leverage IXS’s SaaS management expertise, deep knowledge of the construction sector, and experienced personnel. The company expects this collaboration to enhance service quality, optimize operations, and strengthen human resource development.

Brother indicated that knowledge gained through BuddyBoard Inc.’s independent operations, as well as ongoing personnel exchanges, will contribute to strengthening the service business foundation across the Brother Group.

The transaction reflects Brother’s broader strategy of expanding its service-oriented business portfolio while maintaining financial discipline.

Related:

• Brother Reports Q3 Revenue Growth amid Squeezed Printer Margins
• Brother Launches A3 Inkjet MFP with MAXIDRIVE Technology
• Brother to Launch A4 Color Printers with Seven-Year Durability
• Brother Posts Record Q2 Revenue on Strengthened Print Sales
• Brother Launches 12 New PRIVIO Series A4 Inkjet Printers

Comment:

Please leave your comments below for the story “Brother Spins Off BuddyBoard SaaS Business”.