Infosys will bring its global expertise in consulting, procurement processes, analytics and digital technologies like RPA and AI to the JV
Global software giant Infosys announced on Monday that it has finished the formation of a joint venture (JV) with Hitachi, Panasonic Corporation and Pasona, to enhance its strategic presence in Japan.
The JV, named HIPUS, formed by iconic, complementary organisations coming together. This will speed up the business process transformation by utilising digital procurement platforms for domestic as well as global requirements of Japanese corporations.
Leveraging digital technologies
Infosys will bring its global expertise in consulting, procurement processes, analytics and digital technologies like Robotic Process Automation (RPA) and artificial intelligence (AI) to the JV, the company said in a statement.
The new venture, with combined with knowledge of procurement functions and local teams of Hitachi and Panasonic, and human capital and business process management (BPM) networks in Japan of Pasona, will offer differentiated, efficient, end-to-end and high value procurement abilities to organisations.
Headquartered in Japan, HIPUS will have over 200 employees as part of its establishment, with Shinichiro Nagagata, as the Chief Executive Officer.
The JV was announced on December 14, 2018. As part of the pact, Infosys acquired 81 per cent share in Hitachi Procurement Service Co, a fully-owned subsidiary of Hitachi. On the other hand, Panasonic, Hitachi and Pasona had minority stake in the entity.
Hitachi transferred 2 per cent share each to Pasona and Panasonic and held the remaining 15 per cent share in the JV.
Earlier, Deepak Padaki, Vice President, Infosys said that the investment in the entity showed the company’s commitment to have a strong presence in the region to collaborate with its Japanese customers and accelerate their digital journey.