Hitachi Limited Stock Price, News & Analysis

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.

Hitachi Vantara has been selected by BMW Group as a strategic partner for enterprise cloud storage and data management for the next six years. The collaboration involves the EverFlex Storage as a Service solutions, aimed at automating and simplifying BMW's IT infrastructure. This partnership is expected to enhance BMW's hybrid cloud journey, reduce CO2 emissions, and improve energy efficiency. Hitachi's VSP 5600 storage arrays will support BMW in 10 key countries, ensuring 100% data availability and low latency for mission-critical workloads.

Hitachi Vantara Federal has appointed Ryan Hinkle as the new Director of Federal Sales. Hinkle aims to enhance sales and market visibility in the federal sector, focusing on technology modernization initiatives for government agencies. With over a decade of relevant experience, he will be pivotal in identifying growth opportunities and fostering relationships within the public sector. Hinkle's previous roles at Dell and TEKsystems equip him for this challenge, as he seeks to propel agency missions forward through innovative data solutions.

Hitachi has restructured its IT sector into Hitachi Digital and GlobalLogic Japan as part of its efforts to boost the digital platform Lumada globally. Starting April 1, 2022, Hitachi Digital will serve as the global headquarters for digital business based in North America, while GlobalLogic Japan aims to enhance digital transformation for Japanese clients. This move is in response to the expected growth in the digital transformation market, projected to reach $2.8 trillion by 2025, reflecting a significant opportunity for both entities.

Hitachi Vantara announced new enhancements to its Lumada DataOps capabilities on March 16, 2022. The updates focus on automated, AI-driven operations to optimize data management for enterprises and industrial applications. Key features include a new Data Catalog and updates to Data Integration, enabling easier data access and preparation across multiple sources. The Lumada Industrial DataOps portfolio supports real-time insights by merging IT and OT data, facilitating predictive maintenance and operational optimization.