Fujitsu acquires Chartres business for increased Financial Services consulting capability

Sydney, November 05, 2007

On 2 November, Fujitsu Australia Limited acquire the Chartres Business Solutions business which will extend its capability in business transformation and IT consulting within the financial services sector.

“The financial services sector is a key growth area for Fujitsu, and this acquisition enables us to effectively compete in today’s increasingly competitive, business consulting domain. Chartres is an innovative organisation with a strong reputation for its intellectual property in this market,” said Rod Vawdrey, CEO, Fujitsu Australia and New Zealand.

The Chartres Business Solutions business, which is owned by an Australian company. Chartres Business Solutions Pty Ltd,will be integrated into Fujitsu Consulting with its directors moving into management positions.

Martin North, Executive General Manager, Fujitsu Consulting, commented: “Fujitsu Consulting is designed around four main capabilities: Strategy, Enterprise Architecture, Enterprise Value Management and Business Transformation, underpinned by world-class Macroscope* frameworks. We have already created significant momentum in financial services through our Mortgage Industry Research, and Chartres will add immensely to our capabilities.

“Chartres’ unique intellectual property and back-office business imaging capability will assist Fujitsu in industrialising its IT consulting capabilities through application of proven industry reference models and data collection techniques to improve the quality and consistency of deliverables and reduce costs. Chartres will enhance our Business Transformation capability, improving our portfolio of services to the financial services sector.”

Chartres Managing Director, Brendon Trezise stated that, “Fujitsu has a significant consulting practice and an enviable end-to end-value proposition for financial services. The move to Fujitsu will significantly enhance the scope of what we can currently provide our customers today, and as part of the world’s third largest IT services organisation, will also provide us with a platform from which our original vision can be fulfilled.”

* Fujitsu’s world-class Macroscope frameworks encapsulate more than 30 years of expertise into an integrated suite of methodologies so each project is approached in a consistent, results-oriented manner.