TOKYO :Activist investor ValueAct Capital Partners said on Tuesday it has built an 8.7 per cent stake in cybersecurity software provider Trend Micro Inc, driving shares of the Tokyo-listed firm more than 9 per cent higher.
"We believe the growth acceleration from the SaaS products they have launched in recent years is just the beginning, and that Trend Micro can join the ranks of other great enterprise software company transformations," ValueAct Partner Alex Baum said in a statement. San Francisco-based ValueAct is among a small number of U.S. firms that have invested heavily in Japanese companies and have tried to work with management and the boards to make some changes.
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