Fujitsu Consulting

Fujitsu to Leverage India’s Explosive IT Growth with Rapidigm Acquisition

Delhi, India, May 16, 2006 —  With its recent acquisition of Rapidigm, Inc., an information technology and consulting firm now with more than 1000 consultants and three development centers in India, Fujitsu Consulting is poised to leverage India’s burgeoning $22 billion information technology and business-process outsourcing industry.

Speaking at Fujitsu Consulting’s first press conference since the acquisition last month, company Executive Vice President Steve Kirchoff said, “Our growth strategy in India is an extension of our growth strategy in North America, which is to continually enhance our services and solutions capabilities and our ability to provide sustainable business value to our clients. Adding offshore delivery capability in such key locations as India, with its dramatic growth potential, expands our ability to meet these goals.”

Kirchoff noted that Rapidigm fits well with Fujitsu Consulting’s expertise in implementing and managing enterprise applications, IT governance, legacy systems modernization, and application and business process outsourcing. Rapidigm brings enhanced experience in enterprise resource planning (ERP), business intelligence and application services capabilities. Besides its India-based consultants and facilities, Rapidigm also adds 1,200 U.S.-based consultants to Fujitsu Consulting.

Also speaking at the press conference, Jitendra Tanna, Director of Rapidigm (India) Ltd. said, “The acquisition gives both companies tremendous potential to fortify offshore services capabilities that will help clients maximize their growth opportunities. With Rapidigm now as part of Fujitsu Consulting, we also will significantly further Fujitsu Consulting’s mission to globally expand its services capabilities and capitalize on the exciting growth potential of the domestic Indian market.”

As a result of the acquisition, Mr. Tanna sees strong potential to expand Rapidigm’s Indian development facilities, depending on client needs and market conditions. As demand increases, the company expects to hire an additional 2500 India-based staff in the next two years. This will require supplementary facilities and other services valued at approximately US$20 million, including a new center in Hyderabad and expansion of its existing Pune and Noida development centers.

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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 about 4.8 trillion yen (US$40.6 billion) for the fiscal year ended March 31, 2006.

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 $40-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, application outsourcing and business process 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.

About Rapidigm

Rapidigm, a Fujitsu Consulting company, 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 e-Business Solutions across technology platforms. The company’s three development and support centers in India were assessed at CMM Level 5.

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