New Company Fujitsu North America Holding

Fujitsu Group announced that it will establish a new company, Fujitsu North America Holding, Inc., to strengthen Fujitsu’s solutions business base in North America. This new company is scheduled to be established on October 1, 2008, bringing together Fujitsu Consulting, Inc., Fujitsu Computer Systems Corporation, and Fujitsu Transaction Solutions, Inc. under one unified corporate structure.

The move is designed to generate greater synergies among the three companies by consolidating their IT strengths under one structure. This will enable the organization to respond to client needs with integrated suites of innovative, world-class IT services and solutions from Fujitsu. Bringing together the application services of Fujitsu Consulting, the system platforms of Fujitsu Computer Systems and the retailing solutions of Fujitsu Transaction Solutions will foster greater collaboration, integrate the Fujitsu Group’s strengths in IT services and system platforms, and enable a unified approach in providing clients with a broad portfolio of products and services.

“Our clients will benefit from a simplified engagement model with improved accountability and greater access to the complete suite of integrated Fujitsu offerings,” said Richard Christou, Corporate First Sr. Vice President, Fujitsu Limited. “This will significantly improve responsiveness to our global clients who look to Fujitsu to support their North American operations.”

Fujitsu has appointed Farhat Ali to the role of President and Chief Executive Officer of the new company. In this capacity, he will lead the business synergy effort of the new operation while continuing with his current responsibilities as president of Fujitsu Computer Systems.

“With revenues approaching $2 billion annually, the combination of the three companies will rank Fujitsu among the top North American IT services and solutions companies,” said Farhat Ali, President and CEO. “The benefits of a business of that scale include improved responsiveness to client needs, faster time-to-market with integrated value-added solutions, greater market presence, improved operational efficiencies and additional support from our key alliance partners.”

This reorganization creates an appropriate and efficient group-wide management function that supports Fujitsu’s global business strategy of developing its IT services business to meet increasing client demand.