Hi­tachi, Vir­tusa Cor­po­ra­tion en­ter into partnership

The Pak Banker - - COMPANIES/BOSS -

NEW DELHI: Ja­pan-based Hi­tachi and IT firm Vir­tusa Cor­po­ra­tion have en­tered into a partnership to pro­vide joint ser­vices to their global clients and the broader mar­ket.

As part of the col­lab­o­ra­tion, Hi­tachi and Vir­tusa will jointly pro­vide value to clients by help­ing to in­crease op­er­a­tional and tech­nol­ogy ef­fi­ciency, im­ple­ment­ing new func­tion­al­i­ties and op­ti­mis­ing com­plex op­er­a­tional pro­cesses.

Hi­tachi pro­vides IT so­lu­tions by com­bin­ing var­i­ous prod­ucts and ser­vices in­ter­na­tion­ally whereas Vir­tusa pro­vides IT con­sult­ing and sys­tem devel­op­ment in the United States, Europe and Asia. "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," a joint state­ment of the com­pa­nies said.

Both the firms have been work­ing to­gether since 2015, ini­tially help­ing Ja­panese fi­nan­cial in­sti­tu­tions op­ti­mise op­er­a­tions as well as sup­port the im­ple­men­ta­tion of large tech­nol­ogy trans­for­ma­tion pro­grammes.

"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, Hi­tachi.

The state­ment said that com­pa­nies are fac­ing an ur­gent need to mod­ernise 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.

"From a Vir­tusa per­spec­tive, pen­e­tra­tion into the Ja­panese mar­ket would never be truly ef­fec­tive with­out a well-known and re­spected com­pany such as Hi­tachi," said Jim Fran­cis, Ex­ec­u­tive Vice-Pres­i­dent at Vir­tusa Cor­po­ra­tion.

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