Infosys announced that it has completed the formation of a joint venture, HIPUS Co., Ltd., with Hitachi, Ltd., Panasonic Corporation and Pasona Inc., strategically enhancing its presence in Japan. This follows the announcement the company made on December 14, 2018.
The joint venture, formed by complementary companies coming together, will help accelerate business process transformation leveraging digital procurement platforms for the local and global needs of Japanese corporations. Infosys will bring its global expertise in procurement processes, consulting, analytics and digital technologies, such as artificial intelligence (AI) and Robotic Process Automation (RPA), to the venture. Combined with Hitachi and Panasonic’s knowledge of their procurement functions and local teams, and Pasona’s human capital and BPM networks in Japan, the entity will provide differentiated, end-to-end, efficient and high value procurement capabilities to corporations.
The new venture, HIPUS Co., Ltd., has named Shinichiro Nagagata as Chief Executive Officer. The joint venture will be headquartered in Japan, and more than 200 employees will initially be part of it.