Japanese software testing engineer becomes a billionaire after acquisition spree
, has joined the ranks of world’s billionaires after shares of his software testing company surged 88% over the past year.
Shift has adopted a strategy of acquiring smaller firms to increase its headcount of engineers, and then it cuts out layers of subcontractors who acted as middlemen for those firms. By doing this, the company can boost both its sales and profits. Since it was founded in 2005, Shift has acquired at least 23 enterprises, ranging from game software and smartphone app developers to used computer sellers.
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