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Hitachi, Ltd. announced that it has signed an agreement with Fusionex International Plc and has acquired the successor company of digital business under the "Fusionex" brand, as a wholly owned subsidiary on April 1, 2020.
With this investment, Hitachi gained skilled data scientists and data professionals, as well as other resources in digital domains, and obtained the customer base in the Asian region. The new company will closely liaise with Hitachi Group companies, including Hitachi Vantara, playing a key role in the expansion of Lumada business worldwide, enabling Hitachi to strengthen front and delivery functions.
Hitachi will incorporate Fusionex's AI-enabled data analytics products, services and subscription type SaaS (Software as a Service) business expertise into Lumada to strengthen its SaaS business, which reduces user specific development, customization, and realizes easy delivery. Hitachi aims to establish an agile and efficient delivery model, which is essential to expand global business.
Moreover, Hitachi will create new digital solutions by integrating both companies' technologies, expertise, and digital ready resources, and combine the services with Hitachi's OT and product businesses for its global customers. This strategic move will enhance Lumada solutions and accelerate their delivery. Hitachi will contribute to improve customers' social values, environmental values, and economic values by accelerating the global expansion of Lumada business that solves customers' challenges and support customers in achieving digital transformation.
For many years, Fusionex has been offering SaaS-based applications utilizing AI and data analytics as well as related services, such as consultation, implementation, and operations for various customers in manufacturing, distribution, logistics, e-commerce, finance, and other domains. To support the company's digital operations, Fusionex has highly skilled data professionals who are knowledgeable in different domains. Fusionex's SaaS-based services have more than 11,000 SMEs in Asia.