Hitachi Limited Stock Price, News & Analysis

Hitachi Vantara has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Primary Storage for the fourth consecutive year, highlighting its Hitachi Virtual Storage Platform (VSP) product portfolio. The VSP 5000 series excelled in performance, manageability, and resilience, ranking first or second across four critical capabilities: Online Transaction Processing, Server Virtualization, Containers, and Application Consolidation. This recognition reflects Hitachi Vantara's commitment to providing scalable, secure, and sustainable data management solutions to meet the growing demands of businesses.

GlobalLogic will showcase its expertise at the Hitachi Social Innovation Forum 2022 in Japan, aimed at fostering collaboration for a sustainable society. Newly appointed CEO Nitesh Banga will present on Driving Business Transformation. The forum runs from October 25-27, 2022, and GlobalLogic's presentation is scheduled for October 27 at 15:10 JST.

Hitachi Metals, Ltd. will change its trade name to Proterial, Ltd. effective January 4, 2023, contingent upon the successful completion of a takeover bid by K.K. BCJ-52. This name change reflects the company’s commitment to growth and sustainability, highlighting a transition to a new capital partnership. The new name, Proterial, embodies the company’s philosophy of providing high-quality materials and services while promoting sustainability through its three pros: Professional, Progressive, and Proactive. Group companies will also adopt the new trade name around the same date.

Hitachi Vantara's commissioned 451 Research report reveals that a significant skills gap threatens digital transformation initiatives across various industries. Surveying over 600 IT and OT leaders, the report indicates that 100% of companies plan digital projects, yet more than half cite inadequate skills in key areas such as data science (42%), IoT (48%), and robotics (60%). Interestingly, 95% of respondents noted improved collaboration between IT and OT departments, essential for IoT strategies. While companies prioritize business optimization, over 80% acknowledge the increasing impact of ESG regulations.

Hitachi, Ltd. announced the acquisition of Flexware Innovation, Inc. on August 31, 2022, enhancing its capabilities in manufacturing systems integration across North America. This strategic move aims to strengthen Hitachi’s offerings in Manufacturing Execution Systems and Enterprise Resource Planning, integrating digital technology to improve operational efficiency. The acquisition supports Hitachi's vision for a TOTAL SEAMLESS SOLUTION, combining expertise from Flexware and JR Automation. The company anticipates leveraging Flexware’s established client base and experience in diverse industries.

Hitachi Systems, a wholly owned subsidiary of Hitachi, Ltd., announced a reorganization of its North American group companies to enhance managed security services. Effective October 1, Cumulus Systems, now called Hitachi Systems Trusted Cyber Management Inc. (Hitachi Systems TCM), will acquire Hitachi Systems Security USA, Inc. This merger aims to leverage the strengths of both companies to expand their security service offerings globally, particularly in North America and Europe, while also upgrading their Security Operations Center in India.

GlobalLogic Inc., a Hitachi Group company, announced a leadership change, appointing Nitesh Banga as the new President and CEO effective October 1, 2022. He succeeds Shashank Samant, who will transition to Chairman of the Board and serve as an Executive Advisor to Hitachi's digital systems sector. Nitesh, previously COO, brings extensive experience in strategy and operations, having led significant growth during his tenure. This transition aims to sustain momentum in GlobalLogic's digital engineering space, emphasizing continued growth and innovation within the Hitachi framework.

Hitachi Vantara has appointed Amee Desjourdy as Chief Human Resources Officer, effective immediately. This strategic move comes amid the growing importance of human resources in driving company success. CEO Gajen Kandiah expressed confidence in Desjourdy's ability to lead HR efforts, particularly during periods of rapid growth. Desjourdy previously served as Chief People Officer at Brightcove, where she successfully implemented a data-driven HR strategy and enhanced employee engagement. Her experience also includes leadership roles focused on culture, employee retention, and CSR initiatives.

Hitachi Vantara's report with Enterprise Strategy Group reveals that 79% of surveyed organizations experienced ransomware attacks in the past year. Alarmingly, 56% of these victims paid a ransom, with only 14% successfully recovering all data. Financial and operational impacts were reported by 73% of respondents, indicating that ransomware poses significant risks. The leading attack vector was application software vulnerabilities, affecting 36% of incidents. The report emphasizes the necessity for comprehensive ransomware preparedness strategies, integrating IT, security, and data protection practices.