HITACHI LTD ADR - HTHIY STOCK NEWS

GlobalLogic Inc., a leader in digital engineering and part of the Hitachi Group, announced the acquisition of Hexacta, a prominent digital and data engineering company in Latin America. This strategic move aims to expand GlobalLogic's service offerings and enhance its talent pool to meet increasing market demand. Hexacta, with 800 employees across five countries, will strengthen GlobalLogic's nearshore capabilities and deepen its expertise in digital product development. The deal's terms remain undisclosed, but it is expected to close by the end of Q1 2023, pending regulatory approvals.

Hitachi Vantara announced an expansion of its Application Reliability Centers (HARC) with new Cloud Security Services aimed at enhancing DevSecOps and securing cloud application workloads.

The services offer multilevel security to protect data across five critical layers and leverage zero-trust architecture to ensure compliance and mitigate threats. This move comes as companies increasingly migrate to hybrid and multicloud environments, facing growing cybersecurity risks. The offering is designed to optimize costs while enhancing performance across major platforms like AWS, Azure, and Google Cloud.

GlobalLogic, a Hitachi Group company, will present at the Gartner IT Symposium/Xpo 2022 in Tokyo from October 31 to November 2. The sessions aim to highlight the benefits of digital engineering and digital transformation, demonstrating how businesses can optimize operations and drive innovation. Key presentations include 'DX of Business Through Design and Engineering' and 'Market Itself is a Laboratory – How to Speedily Respond to Changes.' Attendees will gain insights on adapting to market demands and leveraging digital engineering for sustainable growth.

Hitachi Vantara has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Primary Storage for the fourth consecutive year, highlighting its Hitachi Virtual Storage Platform (VSP) product portfolio. The VSP 5000 series excelled in performance, manageability, and resilience, ranking first or second across four critical capabilities: Online Transaction Processing, Server Virtualization, Containers, and Application Consolidation. This recognition reflects Hitachi Vantara's commitment to providing scalable, secure, and sustainable data management solutions to meet the growing demands of businesses.

GlobalLogic will showcase its expertise at the Hitachi Social Innovation Forum 2022 in Japan, aimed at fostering collaboration for a sustainable society. Newly appointed CEO Nitesh Banga will present on Driving Business Transformation. The forum runs from October 25-27, 2022, and GlobalLogic's presentation is scheduled for October 27 at 15:10 JST.

Hitachi Metals, Ltd. will change its trade name to Proterial, Ltd. effective January 4, 2023, contingent upon the successful completion of a takeover bid by K.K. BCJ-52. This name change reflects the company’s commitment to growth and sustainability, highlighting a transition to a new capital partnership. The new name, Proterial, embodies the company’s philosophy of providing high-quality materials and services while promoting sustainability through its three pros: Professional, Progressive, and Proactive. Group companies will also adopt the new trade name around the same date.

Hitachi Vantara's commissioned 451 Research report reveals that a significant skills gap threatens digital transformation initiatives across various industries. Surveying over 600 IT and OT leaders, the report indicates that 100% of companies plan digital projects, yet more than half cite inadequate skills in key areas such as data science (42%), IoT (48%), and robotics (60%). Interestingly, 95% of respondents noted improved collaboration between IT and OT departments, essential for IoT strategies. While companies prioritize business optimization, over 80% acknowledge the increasing impact of ESG regulations.

Hitachi, Ltd. announced the acquisition of Flexware Innovation, Inc. on August 31, 2022, enhancing its capabilities in manufacturing systems integration across North America. This strategic move aims to strengthen Hitachi’s offerings in Manufacturing Execution Systems and Enterprise Resource Planning, integrating digital technology to improve operational efficiency. The acquisition supports Hitachi's vision for a TOTAL SEAMLESS SOLUTION, combining expertise from Flexware and JR Automation. The company anticipates leveraging Flexware’s established client base and experience in diverse industries.

Hitachi Systems, a wholly owned subsidiary of Hitachi, Ltd., announced a reorganization of its North American group companies to enhance managed security services. Effective October 1, Cumulus Systems, now called Hitachi Systems Trusted Cyber Management Inc. (Hitachi Systems TCM), will acquire Hitachi Systems Security USA, Inc. This merger aims to leverage the strengths of both companies to expand their security service offerings globally, particularly in North America and Europe, while also upgrading their Security Operations Center in India.