Fujitsu Consulting

Fujitsu Consulting to Acquire Rapidigm, Increasing its North American Consulting Capacity by more than 75%

Addition of Rapidigm adds ERP consulting and integration expertise, global sourcing capabilities and extensive coverage in major U.S. Markets

Edison, NJ, and Pittsburgh, PA, February 22, 2006 — Fujitsu Consulting Inc. and Rapidigm, Inc. today announced that the companies have entered into a Definitive Agreement whereby Fujitsu Consulting will acquire Rapidigm, a Pittsburgh, PA-based privately-held information technology consulting and integration firm with offices in 22 major metropolitan markets in the United States and offshore development centers in India. The transaction is expected to close within 45 days, subject to various closing conditions and regulatory clearance.

The addition of Rapidigm will significantly increase Fujitsu’s national IT consulting and integration capacity – which is focused on application development, deployment and management – and will provide incremental offshore delivery capabilities. Key skill areas for Rapidigm include Enterprise Resource Planning (ERP), with practices dedicated to SAP, Oracle and PeopleSoft, business intelligence and custom application development.

“With the addition of Rapidigm, Fujitsu Consulting has now raised the bar on our ability to address evolving customer requirements with on-shore, near-shore and off-shore delivery capabilities,” said John Rose, CEO of Fujitsu Consulting. “Both Rapidigm and Fujitsu Consulting have built reputations on being agile and responsive to customer needs. While we are scaling up significantly, we intend to preserve these attributes which are valued highly by our clients.”

“We are proud to be joining Fujitsu Consulting, a like-minded firm with a focus on excellence in IT services and customer support,” said Lew Wheeler, CEO and Chairman of Rapidigm. “Rapidigm’s ERP expertise, market coverage and support services are complementary to that of Fujitsu. This gives customers of both companies access to increased consulting expertise and more delivery options.”

Once completed, this acquisition will add approximately 1200 US-based consultants in major markets through the US and another 800 India-based consultants in two developments centers. This will bring the total number of Fujitsu Consulting consultants in North America to over 4900..

Rapidigm’s senior leadership team will remain with Fujitsu Consulting in executive-level positions and will continue to provide day-to-day operational leadership. Rapidigm consultants will remain within their current assignments, providing clients with the assurance of continuity on existing projects.

The financial terms of the acquisition were not disclosed.

Fujitsu Consulting’s growth strategy is focused on enhancing its presence and capabilities in key North American markets and segments, in part, through strategic acquisitions. With the announcement of the Rapidigm transaction, Fujitsu Consulting has now announced five acquisitions over a 15-month period, including Greenbrier & Russel of Chicago, IL, GIM Risk Management of Montreal, QC, BORN Information Services of Minneapolis, MN and Cendera Technologies of Dallas, TX.

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About Fujitsu

Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing and communications products, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.7 trillion yen (US$44.5 billion) for the fiscal year ended March 31, 2005.
For more information, please see: www.fujitsu.com

About Fujitsu Consulting

A trusted provider of management and technology consulting to business and government, Fujitsu Consulting is the North American consulting and services arm of the $44.5-billion Fujitsu group. Fujitsu Consulting integrates the core expertise of the Fujitsu companies and its partners to deliver complete business solutions in the areas of IT governance, information management, legacy systems modernization and application outsourcing. Through its full range of consulting, implementation and IT management services and its industry-recognized strategic approach, Macroscope®, Fujitsu Consulting enables clients to build more value into their IT investments and drive their leadership in the marketplace.
For more information, please see: us.fujitsu.com/consulting

About About Rapidigm

Since 1968, Rapidigm has been an innovative provider of IT solutions that address our clients' business needs. The company delivers IT services on the major ERP platforms (SAP, Oracle, PeopleSoft) and other enterprise solutions, including SCM, Business Intelligence and CRM, as well as eBusiness Solutions across technology platforms. Rapidigm has 22 office locations in the United States and two development and support centers in India, which were assessed at CMM Level 5.
For more information, please see: www.rapidigm.com

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