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Fujitsu acquires Chartres business for increased Financial Services consulting capability

Fujitsu Australia Limited

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.

Fujitsu Australia and New Zealand

Fujitsu is a full service provider of information technology and communications solutions. Throughout Australia and New Zealand we partner with our customers to consult, design, build, operate and support business solutions. From strategic consulting to application and infrastructure solutions and services, Fujitsu has earned a reputation as the single supplier of choice for leading corporate and government organisations. Fujitsu Australia Limited is a wholly owned subsidiary of Fujitsu Limited of Japan. For more information, please see:

About Fujitsu Limited

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 5.1 trillion yen (US$43.2 billion) for the fiscal year ended March 31, 2007.
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About Chartres Business Solutions

Chartres Business Solutions is an Australian-owned company with offices in Sydney and Melbourne specialising in impartial and independent advisory services. Chartres provides the execution strength where strategic intent has been identified but not realised.
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Date: 05 November, 2007
City: Sydney
Company: Fujitsu Australia Limited