Fujitsu Consulting

BORN

May 02, 2005 07:01 ET

Fujitsu Accelerates North American Growth with Acquisition of BORN


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FUJITSU CONSULTING

AND BORN

MAY 2, 2005 - 07:01 ET

Fujitsu Accelerates North American Growth with
Acquisition of BORN

EDISON, NEW JERSEY and MINNEAPOLIS, MINNESOTA--(CCNMatthews - May 2,
2005) -

Customers to Benefit from Combined Expertise and Broad Solution Offering

Fujitsu Consulting, part of Fujitsu's global software and services
business, and BORN, a leading business and technology consulting firm
headquartered in Minneapolis, Minn., today announced that they have
signed a definitive agreement under which Fujitsu Consulting will
acquire the capital stock of BORN. The agreement is subject to closing
conditions and is expected to be completed within 30 to 45 days.
Additional terms were not disclosed.

The acquisition will strengthen Fujitsu Consulting's North American team
and extend its delivery capability in several key markets including
Minneapolis, Denver, Dallas, Milwaukee and Atlanta. BORN's staff of
nearly 400 professionals brings significant experience and expertise in
solution areas such as Enterprise Resource Planning, Microsoft
solutions, enterprise data management and application integration.

"The depth of BORN's customer relationships combined with their solution
expertise and geographic presence in key markets made them a very
attractive team for Fujitsu's North American growth plan." said John
Rose, CEO, Fujitsu Consulting. "BORN's service offerings complement our
core strengths in IT governance, information management, legacy systems
modernization and application outsourcing, significantly expanding our
U.S. delivery capabilities, both regionally and nationally."

Elmer Baldwin, CEO of BORN, stated, "Joining Fujitsu - the world's
third-largest IT services company - is the next logical step in the
evolution of our company. This is great news for our customers,
providing them with new dimensions of service, capability, reliability
and assurance. It's also great news for our employees, opening a whole
new world of opportunity to grow and develop within a $45 billion global
IT leader."

Customers will have access to BORN's fully integrated range of service
offerings, as well as direct access to industry-leading services,
solutions and technologies from Fujitsu -while being supported by an
even more comprehensive delivery capability in a growing list of key
U.S. metropolitan markets.

"We have had a lasting and productive relationship with BORN, counting
on them for a variety of services ranging from strategic insight to
development and implementation of advanced IT systems," said Steve
Brown, senior vice president and CIO at Carlson Companies in
Minneapolis. "We are excited about the prospects of continuing our
relationship with the added benefit of new technologies, services and
global delivery capabilities from Fujitsu."

Increasingly, IT buyers are demanding high-value services that can be
delivered through proven engagement methods leveraging local strengths,
capabilities and expertise combined with an integrated global delivery
model. The combined strength of Fujitsu and BORN is aligned with this
changing marketplace and positions the company to further grow its
business by meeting changing customer service expectations and needs.

According to Gartner, "Consulting, development and integration services
is increasingly becoming a scale market in which larger vendors that
offer multiple service lines have a competitive advantage. Being a
full-service provider is key to making it into the top 10 rankings in
North America."(1)

About Fujitsu Consulting

A trusted provider of management and technology consulting to business
and government, Fujitsu Consulting is the North American consulting and
services arm of the $44.5-billion Fujitsu group. Fujitsu Consulting
integrates the core expertise of the Fujitsu companies and its partners
to deliver complete business solutions in the areas of IT governance,
information management, legacy systems modernization and application
outsourcing. Through its full range of consulting, implementation and IT
management services and its industry-recognized strategic approach,
Macroscope®, Fujitsu Consulting enables clients to build more value
into their IT investments and drive their leadership in the marketplace.

About Fujitsu

Fujitsu is a leading provider of customer-focused IT and communications
solutions for the global marketplace. Pace-setting device technologies,
highly reliable computing and communications platforms, and a worldwide
corps of systems and services experts uniquely position Fujitsu to
deliver comprehensive solutions that open up infinite possibilities for
its customers' success. Headquartered in Tokyo, Fujitsu Limited
(TSE:6702) reported consolidated revenues of 4.7 trillion yen (US$44.5
billion) for the fiscal year ended March 31, 2005. For more information,
please see: www.fujitsu.com.

About BORN

BORN (www.born.com) is a leading IT consulting firm that offers a broad
portfolio of services-from strategic consulting to technology
implementation. BORN provides clients with a flexible, collaborative
approach; clear industry perspective; and the breadth, scale and
experience to deliver results-on time and on budget. The company is most
noted for its technology expertise; its strong track record of delivery;
and its experienced, talented people. BORN's leadership in customer
satisfaction has been recognized nationwide.

(1) "Pure-Play Systems Integrators Absent From Top Market Share
Rankings", Michele Cantara, December 2004.


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