Brightstar Corp. Completes the Acquisition of the Commerce & Services Division of SoftBank BB Corp.

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Apr 01, 2014, 01:23 ET

MIAMI, April 1, 2014 /PRNewswire/ -- Brightstar Corp announced today that it has completed the previously announced acquisition of the Commerce and Services (C&S) division of Tokyo-based SoftBank BB Corp. (SBB), a leading distributor of information and communications technology (ICT) hardware and software products and mobile accessories in Japan.

The new company has been named SoftBank Commerce & Services Corp. (SoftBank C&S) and becomes a subsidiary of Brightstar, effective April 1, 2014, and it will remain headquartered in Tokyo. The acquisition is expected to grow Brightstar's presence in Japan and increase the company's revenues by $3 billion on an annualized basis.

Brightstar will become the primary global distributor for the SoftBank SELECTION brand mobile products, which feature more than 765 high-quality mobile accessories, and plans to expand distribution of the product lines to its mobile operator and retailer customers worldwide.

For more than 30 years, SBB's C&S division has operated as one of the leading IT-related distributors in Japan, serving consumer and corporate customers via a variety of third party channels including mobile operators, mobile retailers, Internet Service Providers (ISPs) and system integrators. Today, this division is also a leading distributor of mobile device accessories and device related services.

Additionally, SBB C&S is a leading enterprise hardware and software distributor for major global and local brands in Japan. SoftBank C&S will continue distribution, sales and support of the full suite of SBB C&S advanced technology hardware and software products, including servers, networking equipment, PCs and peripherals, and enterprise software solutions.

About SoftBank BB Corp.
SoftBank BB Corp. is a member of the SoftBank Group, an internet–based innovator that operates a wide range of sector-leading business. SoftBank BB's main businesses include Broadband Infrastructure and Commerce & Service for IT-related products.

About Brightstar
Brightstar is the world's largest specialized wireless distributor and a leading provider of diversified services focused on enhancing the performance and results of the key participants in the wireless device value chain: manufacturers, operators and retailers. For more information, please visit www.brightstar.com.

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SOURCE Brightstar Corp.