SOUTHBOROUGH, Mass., June 03, 2019 (GLOBE NEWSWIRE) -- Hitachi, Ltd. (TSE: 6501, Hitachi) and Virtusa Corporation (NASDAQ GS: VRTU) a global provider of digital strategy, digital engineering, and IT outsourcing services that accelerates business outcomes for its clients, today announced a new partnership to capitalize on the rapidly growing adoption of AI in financial services. The agreement to collaborate on these digital solutions was signed in April 2019.
In 2016, Hitachi and Virtusa agreed on a strategic partnership in the global IT solution field.* This newly signed partnership starts with the joint development of AI solutions for financial services. Plans call for Hitachi and Virtusa to expand AI solution development into additional industries and develop other digital solutions in the next phase.
* News Release (March 29, 2016)
Hitachi and Virtusa Enter into Strategic Global Partnership to Offer Best of Breed, Disruptive Business Solutions
https://www.virtusa.com/news-room/press-releases/article/2848/
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focusing on Social Innovation Business combining its operational technology, information technology, and products. The companys consolidated revenues for fiscal 2018 (ended March 31, 2019) totaled 9,480.6 billion yen ($85.4 billion), and the company has approximately 296,000 employees worldwide. Hitachi delivers digital solutions utilizing Lumada in five sectors, including Mobility, Smart Life, Industry, Energy, and IT, to increase our customers social, environmental, and economic value. For more information on Hitachi, please visit the companys website at http://www.hitachi.com.
About Virtusa Corporation
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of digital business transformation, digital engineering, and information technology (IT) outsourcing services. Using a combination of digital strategy, business implementation, and IT platform modernization services, Virtusa helps clients drive profitable growth and lead market disruption through digital first client experiences. Founded in 1996 and headquartered in Southborough, Mass., Virtusa serves Global 2000 companies in the banking, financial services, insurance, healthcare, telecommunications, media, entertainment, travel, manufacturing and technology industries. For more information, visit: www.virtusa.com.
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