-- This strategic acquisition will further strengthen Hitachi
Consulting's ability to deliver a complete range of technology
implementation and outsourcing services while expanding
capabilities in the growing South East Asian and Brazilian
markets.
SINGAPORE, Oct. 1, 2014 /PRNewswire/ -- Hitachi Consulting,
the global management consulting and IT services business of
Hitachi Ltd., today announced that it has acquired Stone Apple, a specialist in Enterprise
Applications, Embedded Systems, Business Intelligence &
Analytics, Enterprise Content & Integration and Managed
Services. The acquisition will help to advance Hitachi
Consulting's capability to deliver measurable, sustainable
business results for clients in each of these areas and will expand
Hitachi Consulting's presence in South
East Asia including Singapore, Malaysia, Thailand, Vietnam, as well as provide a strong
foundation in Brazil.
Stone Apple is one of
Singapore's fastest-growing technology consulting companies,
helping clients drive business transformation and achieve business
goals through effective implementation of technology solutions.
With over 1500 employees in 9 countries, Stone Apple works with clients to deliver
complex global projects in the Financial Services, Utilities,
Manufacturing, Education, Healthcare and Public sectors. To
support this level of growth over its short 5 year existence,
Stone Apple has partnered with blue
chip investors such as SBI Islamic Fund (Brunei), OSK Ventures International Bhd,
Philip Asia Pacific Opportunity Fund and Continuum Capital
(Malaysia), a fund managed by
First Floor Capital.
"We are very excited about the acquisition of Stone Apple. They are an excellent enterprise
application and analytics services provider with strong expertise
in Oracle and SAP technologies. They successfully leverage their
deep industry and domain experience to enable technology adoption
across complex global engagements. We have been looking for a
strong partner in the fast-growing Asia
Pacific and Latin American markets and Stone Apple is a great fit for our
organization. We look forward to the opportunity to
better serve our global clients through the added depth and breadth
that Stone Apple brings," said
Phil Parr, President and CEO of
Hitachi Consulting.
"Stone Apple was founded on the
philosophy of delivering on its promises to add tangible value
to our client businesses through technology and optimal business
processes. We pride ourselves on having achieved global reach with
local expertise in both Asia and
South America," said its founders, Madhujeet Chimni and
Bharadwaj Chivukula, CEO and COO,
respectively, for the Stone Apple Group of
Companies. "Hitachi Consulting clearly shares that same
passion and we look forward to now bringing together the talented
people of Stone Apple with those of
Hitachi Consulting to build on this capability and to develop a
market leading position in our field," added Ricardo Nunes, the Managing Director in
Brazil.
About Hitachi Consulting Corporation
As Hitachi,
Ltd.'s global consulting company, with operations throughout
North America, Europe, the Middle
East and Asia, Hitachi
Consulting is a recognized leader in delivering proven business and
IT strategies and solutions to Global 2000 companies across many
industries. With a balanced view of strategy, people, process and
technology, we work with companies to understand their unique
business needs, and to develop and implement practical business
strategies and technology solutions. From business strategy
development through application deployment, our consultants are
committed to helping clients quickly realize measurable business
value and achieve sustainable ROI.
Hitachi Consulting serves clients in over 50 countries and
offers deep consulting & IT expertise and global scale through
approximately 5,000 professionals across 21 countries including
global delivery centers in India
(Bangalore, Pune and Hyderabad), China (Guangzhou), Portugal (Lisbon) and the
United States (Fargo, North
Dakota and College Station,
Texas). For more information, visit
www.hitachiconsulting.com.
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About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501),
headquartered in Tokyo, Japan,
delivers innovations that answer society's challenges with our
talented team and proven experience in global markets. The
company's consolidated revenues for fiscal 2013 (ended
March 31, 2014) totaled 9,616 billion yen ($93.4
billion). Hitachi is focusing more than ever on the Social
Innovation Business, which includes infrastructure systems,
information & telecommunication systems, power systems,
construction machinery, high functional materials & components,
automotive systems, healthcare and others. For more information on
Hitachi, please visit the company's website at
http://www.hitachi.com.