Virtusa, Hitachi enters into strategic partnership to offer disruptive business solutions

Mar 30, 2016 (LBO) – Virtusa Corporation, a global business consulting and IT outsourcing company and Hitachi Limited announced yesterday that they have agreed on a global strategic partnership. Hitachi and Virtusa will leverage their core competencies, industry IT solutions and 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. “From a Virtusa perspective, penetration into the Japanese market would never be truly effective without a well-known and respected company such as Hitachi. 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.” Companies are facing an urgent need to modernize their systems, not only to grow their businesses but also to defend their current ones. This is even more the case in certain market segments such as Banking and Financial Services, Insurance, and Healthcare. This requires better products and solutions sold and managed with a client-centric focus, improved social engagement for an evolving millennial workforce and customer base, optimized processes, and flexible rules based systems, all at a lower operating cost. Hitachi, which provides IT solutions by combining various products and services internationally, possesses technologies and knowledge related to developing core systems that require extremely high reliability. Virtusa, a 2015 Global Outsourcing 100 service provider leader recognized by the International Association of Outsourcing Professionals, provides IT consulting and system development in the United States, Europe and Asia, and has extensive experience and expertise in developing and implementing innovative and transformational solutions for global companies.