iXIT Corporation, formerly known as Index Corporation, is a Japanese corporate information and communications technology company owned by Sawada Holdings. "Index Corporation" was a corporate name used by three different Japanese companies, between 1997 and 2016, the last one being founded in April 2014. All three incarnations of Index Corporation have been linked to the video game brand Atlus at one time or another. The original Index Corporation was founded in 1995 and acquired Atlus in 2006. It went bankrupt in June 2013 while still owning Atlus. In September 2013, Sega created the shell corporation Sega Dream Corporation with the sole intent of purchasing the assets of Index Corporation. Sega Dream was renamed Index Corporation in November 2013 and gained possession of Atlus' name and intellectual properties. On April 1, 2014, the new Index Corporation was renamed Atlus, but was amputated from its non-gaming business that Sega transferred the same day to a new company called Index Corporation. In 2015, Sega sold Index Corporation to Sawada Holdings. Index Corporation was renamed as iXIT Corporation in July 2016.
History
Index Corporation Ltd. was founded on 1 September 1995 as a mobile content service provider. It adopted the name of Index by 1997 and expanded into one of Japan's most successful companies, with acquisitions into several communications and entertainment ventures, including the anime studio Madhouse, game companies Atlus and Interchannel, and major movie studioNikkatsu. It also made inroads into numerous worldwide ventures, including the United States, United Kingdom and France, where it owned the football club Grenoble Foot 38, which, upon Index's acquisition, achieved promotion to Ligue 1. Up to 2013, Index Corporation had sold most of its subsidiaries. In June 2013, following investigations for fraud, Index Corporation was forced to file for civil rehabilitationbankruptcy. On November 9, 2010, Index Holdings announced its renaming to Index Corporation, to be confirmed on the 15th shareholders meeting on 25 November 2010, effective on 1 December 2010. On June 27, 2013, following an investigation for fraud, Index Corporation filed for civil rehabilitation bankruptcy due to a debt consisting of 24.5 billion yen. On September 18, 2013, it was reported that Sega Sammy Holdings had won a bid to acquire Index for 14 billion yen. Sega Sammy Holdings denied taking over Index Corporation at first, however it announced later that day that Index Corporation would sell the digital game business, contents and solution business, and amusement business to Sega Dream Corporation, a subsidiary of Sega Corporation established on September 5, 2013 effective on November 1, 2013. The sales covered fixed assets and intellectual property assets of the announced operations, which included Atlus Holding, Inc., Tiger Mob Limited, Index Corp Ltd., Mobi Town Ltd. However, liabilities including interest-bearing debts would not be taken over. On November 1, 2013, Sega announced that it will rename its subsidiary, Sega Dream Corporation, to Index Corporation. On February 18, 2014, Sega and Index Corporation announced the separation of Index Corporation's contents and solution businesses into a new subsidiary under the name 'Index Corporation', while renaming the 'old' Index Corporation and its remaining digital game business division into 'Atlus', effective on April 1, 2014. The new Atlus would also include the foreign subsidiary Index Digital Media, Inc., which would be renamed to Atlus U.S.A., Inc. at the effective establishment day of the new Atlus. On May 28, 2014, Masami Ochiai, Chairman of the former Index Corporation, and his wife Yoshimi Ochiai, president of the company, were arrested by the Tokyo District Public Prosectors Office on suspicion of falsifying stock reports for the company. On December 1, 2015, as part of a structural reform within the Sega Sammy Holdings group, Sega Holdings sold its shares of Index Corporation to Sawada Holdings, a firm owned by H.I.S. founder Hideo Sawada. Through this business transfer, Index Corporation became a wholly owned subsidiary of Sawada Holdings. On July 1, 2016, Index Corporation changed its name to iXIT Corporation.
Index Asia Ltd
Index Asia Ltd., formerly known as Index Corporation Thailand Ltd., is a mobile content and service provider in Thailand that was established in April 2002. Once Index Corporation Thailand Ltd. was amalgamated with Mobi Town Ltd., and Tiger Mob Ltd., the company was re-branded as Index Asia Ltd. They are a subsidiary of iXIT Corporation that provides mobile software application, licensing and application development services within Thailand. Index Asia Ltd. has a distinctive business structure with three primary services, the Game Publishing & Game Management Services: the service dedicated to video game development and publishing, the Application Development & Solution Provider: the services dedicated to original mobile application developments, and the Mobile Content Aggregator & Provider Services: the services dedicated to mobile content and licensing distribution. Index Corporation Thailand Ltd., was renamed to Index Asia Ltd. effective 1 July 2015. This was achieved through an amalgamation of Index Corporations remaining subsidiaries: Mobi Town Ltd. and Tiger Mob Ltd. being absorbed into Index Corporation Thailand Ltd. and the surviving company being renamed to Index Asia Ltd. The process was accomplished in the Ministry of Commerce of Thailand. On December 1, 2015, when the Sega Holdings group sold its shares of Index Corporation to Sawada Holdings, Index Asia Ltd. was transferred over alongside Index Corporation.
