Hitachi Limited Stock Price, News & Analysis

GlobalLogic Inc., a Hitachi Group Company, has announced plans to open new engineering centers in Spain, marking its entry into Southwest Europe. The announcement was made by CEO Nitesh Banga during a meeting with Spanish Prime Minister Pedro Sánchez. These centers will provide design-led digital engineering services to both local and global clients. GlobalLogic aims to create a workforce of up to 3,000 professionals over the next three years, leveraging Spain's skilled talent pool and the government's support for digital transformation initiatives. The expansion follows the company's establishment of a legal entity in Spain in 2022.

GlobalLogic Inc., part of Hitachi Group, has been recognized as a leader in the Zinnov Zones for ER&D Services 2022 Ratings. This assessment evaluates engineering research and development service providers on scalability and expertise. GlobalLogic has consistently ranked in the leader quadrant since 2016, indicating its establishment and expansion in various markets and technologies. The firm excels in verticals like Automotive, Data & AI Engineering, and Telecommunications. The recognition acknowledges GlobalLogic's commitment to innovation and digital transformation, bolstered by strategic acquisitions.

Hitachi Vantara announced the appointment of Monica Kumar as the new Chief Marketing Officer (CMO), effective immediately. Kumar, previously the Senior Vice President at Nutanix, has over 20 years of experience in marketing leadership roles, notably as CMO of Oracle's Database business. CEO Gajen Kandiah expressed confidence in Kumar's ability to enhance Hitachi Vantara's market presence amidst challenging conditions. Kumar aims to highlight the company's capabilities and transform customer engagements.

GlobalLogic Inc., a leader in digital engineering and part of the Hitachi Group, announced the acquisition of Hexacta, a prominent digital and data engineering company in Latin America. This strategic move aims to expand GlobalLogic's service offerings and enhance its talent pool to meet increasing market demand. Hexacta, with 800 employees across five countries, will strengthen GlobalLogic's nearshore capabilities and deepen its expertise in digital product development. The deal's terms remain undisclosed, but it is expected to close by the end of Q1 2023, pending regulatory approvals.

Hitachi Vantara announced an expansion of its Application Reliability Centers (HARC) with new Cloud Security Services aimed at enhancing DevSecOps and securing cloud application workloads.

The services offer multilevel security to protect data across five critical layers and leverage zero-trust architecture to ensure compliance and mitigate threats. This move comes as companies increasingly migrate to hybrid and multicloud environments, facing growing cybersecurity risks. The offering is designed to optimize costs while enhancing performance across major platforms like AWS, Azure, and Google Cloud.

GlobalLogic, a Hitachi Group company, will present at the Gartner IT Symposium/Xpo 2022 in Tokyo from October 31 to November 2. The sessions aim to highlight the benefits of digital engineering and digital transformation, demonstrating how businesses can optimize operations and drive innovation. Key presentations include 'DX of Business Through Design and Engineering' and 'Market Itself is a Laboratory – How to Speedily Respond to Changes.' Attendees will gain insights on adapting to market demands and leveraging digital engineering for sustainable growth.

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.