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News : Hitachi and Virtusa Enter into Strategic Global Partnership
Tokyo, Japan & Westborough, MA, USA, March 29, 2016 -- Hitachi, Ltd. (TSE: 6501) and Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company, announced that they have agreed on a global strategic partnership.
Hitachi and Virtusa will leverage their core competencies, industry IT solutions and thought leadership to provide joint services to their global clients and the broader market. They will jointly provide value to clients by helping to increase operational and technology efficiency, implementing new functionalities and optimizing complex operational processes.
"I believe that Virtusa provides a great fit for Hitachi. It is a strong technology partner with deep domain knowledge and industry based solutions which complement and extend upon our own." said Masayoshi Ogawa, president of Financial Information Systems Division, Information & Telecommunication Systems Company at Hitachi. "By combining Hitachi's strong program management, Japanese market understanding, diverse capabilities in technologies and knowledge in Financial Services and other industries, I believe that our combined potential will be significant and continue to drive tremendous value for our clients."
Hitachi and Virtusa have been working together since 2015, initially helping Japanese financial institutions optimize operations as well as support the implementation of large technology transformation programs.
"The cultural fit at the core of our organizations, driven by innovation, social responsibility and client commitment, is remarkably close." said Jim Francis, executive vice president at Virtusa Corporation. "Aside from our own regional expansion benefits, the business solutions which Hitachi has to offer are disruptive and underserved to the market. We plan to partner to market many of these solutions together to our global client base. Virtusa views this as a highly strategic long-term global partnership."
Posted by Veronica Silva Cusi, news correspondent
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Virtusa Corporation is a global information technology services company founded in Sri Lanka and headquartered at Westborough, Massachusetts, USA.
Hitachi, Ltd. is a Japanese multinational engineering and electronics conglomerate company headquartered in Chiyoda, Tokyo, Japan.
Published: Thursday, March 31, 2016