Tokyo, February 15, 2000 -- Fujitsu Limited today announced its
intention to acquire 100% ownership of GLOVIA International LLC,
a California-based leading provider of business applications,
e-commerce solutions, advanced technology and world-class services
for the digital marketplace, in which it currently holds a 30.5%
interest. Based on a recently signed Memorandum of Understanding
and subject to standard transaction closing conditions, Fujitsu
intends to acquire by April 2000 the outstanding 69.5% interest
in GLOVIA International now held by UK-based MDIS. In making
GLOVIA International a wholly owned subsidiary, Fujitsu intends
to aggressively promote the web-enabled GLOVIA Enterprise
Resource Planning (ERP) packaged software solution on a global
basis in support of its Internet-focused solutions business
strategy.
The GLOVIA/Fujitsu relationship dates back to 1992, when Fujitsu
became a key distributor of the GLOVIA ERP package in the Asia-
Pacific region, followed by Fujitsu becoming a strategic customer
deploying the GLOVIA product suite in twenty-three of its
factories worldwide. Fujitsu continued the relationship by
becoming a co-development partner and eventually part owner of
GLOVIA in 1997. In addition to the acquisition of MDIS's
interest in GLOVIA International, the proposed transaction
includes a perpetual license and rights to all source code for
the Pro IV technologies underlying the GLOVIA products.
"As a total solutions provider of high-quality products and
services, Fujitsu is making the fullest possible use of the
Internet to provide a wide range of solutions that meet the
diverse needs of customers and society around the world,"
commented Naoyuki Akikusa, President of Fujitsu Limited. "With
our 'Everything on the Internet' business strategy building
momentum, GLOVIA's 100 percent Web-enabled software and
e-commerce initiatives will play a key role in helping us
provide new and existing customers with technology and solutions
to run their digital enterprises and boost their competitiveness
in the global economy."
Tatsuzumi Furukawa, Group President, Application Software
Business Group and Network Service Business Group, and Member of
the Board of Fujitsu Limited, stated: "Through the rapid
deployment of advanced business solutions, GLOVIA has delivered
competitive advantages to many excellent customers throughout
the world. GLOVIA's short implementations and modular solutions
make it well positioned to assist customers in adapting to the
business changes brought on by the Internet."
Matt O'Malley, President and CEO of GLOVIA International
remarked, "I believe that the strength of the GLOVIA technology
with the full backing of Fujitsu will allow GLOVIA to play a key
role in the global B2B e-commerce market."
About Fujitsu Limited
Fujitsu Limited (TSE: 6702) is a leading provider of comprehensive
information technology and network solutions for the global
marketplace. Comprising over 500 group companies and affiliates
worldwide -- including ICL, Amdahl and DMR Consulting Group -- the
Fujitsu Group had consolidated revenues of 5.24 trillion yen
($43.3 billion) in the fiscal year ended March 31, 1999. With world-
class hardware and software technology in computers,
telecommunications and microelectronics, and a corps of 55,000
systems and services experts around the world, Fujitsu is uniquely
positioned to harness the power of the network to help its customers
succeed. Altogether, the Fujitsu Group has 188,000 employees and
operations in over 100 countries.
Homepage: http://www.fujitsu.com/
About GLOVIA International LLC (TM)
GLOVIA International offers business applications, e-commerce
solutions, advanced technology, and world class services in
support of the global digital economy. With customers like Dell,
Ericsson, Eaton and Caterpillar, GLOVIA has delivered innovative,
rapidly deployed and successful solutions to more than 850
customer sites around the world.
In recognition of the paradigm shift resulting from the Internet,
GLOVIA provides critical competitive advantage to its customers
through rapid deployment of e-business solutions. GLOVIA is based
in El Segundo, Calif., with offices around the world. More
information about the Company and its products can be found at
www.glovia.com or by calling 1-800-223-3799 or (310) 563-7000.
| Press Contacts: |
|---|
Noriko Kikuchi, Bob Pomeroy, Scott Ikeda
Fujitsu Limited, Public Relations
Tel: +81-3-3215-5236 (Tokyo)
Fax: +81-3-3216-9365
e-mail: pr_mailbox@hq.fujitsu.co.jp
|
Phyllis Wood
Director of Marketing
GLOVIA International
Tel: +1-310-563-7045
e-mail: pwood@glovia.com
|
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