Tokyo, Dec 14, 2018 --- Hitachi, Ltd. (TSE:6501, Hitachi ), Infosys Ltd. (NYSE:INFY, Infosys ), Panasonic Corporation (TSE:6752, Panasonic ), and Pasona Group Inc. (TSE:2168 PASONA ), today announced that a contract was signed on Dec 14, 2018.
The contract is in relation to the transfer of part of the shares owned by Hitachi in Hitachi Procurement Service Co., Ltd. ( Hitachi Procurement Service ), Hitachi's fully owned subsidiary that handles indirect materials*1 purchasing functions for the Hitachi Group, to Infosys, Panasonic, and Pasona Group's subsidiary PASONA Inc.
The transfer of shares is scheduled to take place on April 1, 2019.
*1 Indirect materials: materials used in a production process, but which can't be linked to a specific product or job.
Recently, as a result of advancements in digitalization, digital technologies such as artificial intelligence (AI) and robotic process automation (RPA) are being applied in conventional tasks, and there has been a growing trend toward streamlining and increasing efficiency in work processes, while at the same time strengthening corporate competitiveness. This is true of corporate procurement operations as well, where companies are facing an urgent need to apply digital technologies in order to achieve efficient procurement activities that demonstrate high added value, and to contribute to further enhancing their competitive strength. The trend toward business process management (BPM) and Business Process Outsourcing (BPO) is also accelerating, for example in corporate procurement and accounting processes, and the related service market in Japan is expected to expand even further in the future.
In this backdrop, Hitachi, Infosys, Panasonic, and PASONA agreed to form a new company in order to combine their strengths and expertise, and to further strengthen the procurement function of indirect materials. Hitachi will transfer part of the shares in Hitachi Procurement Service to Infosys, Panasonic and PASONA, and the shareholder composition after the transfer will be as follows: Infosys: 81%; Hitachi: 15%; Panasonic: 2%; and PASONA: 2%. After the transfer is complete, the new company name will be HIPUS, Ltd. ( HIPUS ). HIPUS will combine Infosys's expertise in procurement on a global scale, BPM platforms, and advanced IT technologies with PASONA's human capital and BPO networks in Japan. Initially, it will strive to increase efficiency and added value through merits of scale, by applying BPO services in Hitachi's and Panasonic's procurement activities.
Furthermore, HIPUS will utilize Hitachi's, Infosys's and PASONA's respective customer bases to introduce BPM and BPO services in processes such as procurement and purchasing operations, and will roll out a broad range of other businesses as well, for example by introducing consulting, reverse auctions*2, and other purchasing schemes, and by providing training services related to procurement. In this way, it will aim to achieve transaction volumes on a scale of 400 billion yen*3 in FY2021.
*2 Reverse auction: a type of auction in which sellers bid for the prices at which they are willing to sell their goods and services.
*3 Hitachi Procurement Service's transaction volumes during the year ended March 2018 totaled 103.0 billion yen.
Outline of the share transfer contract
Outline
Of the regular shares in Hitachi Procurement Service. owned by Hitachi, 81% will be transferred to Infosys, 2% to Panasonic, and 2% to PASONA.
Date of signing of the share transfer contract
Dec 14, 2018
Date of share transfer execution
April 1, 2019 (tentative)
Outline of the companies
New company
Corporate name
HIPUS, Ltd.
Representative
TBD
Head Office
2-2-1 Otemachi, Chiyoda-ku, Tokyo 100-8228, Japan
Establish
April 1, 2019 (The date when the corporate name will be changed from Hitachi Procurement Service.)
Outline of business
BPM and BPO services in processes such as procurement and purchasing operations, etc.
End of accounting period
March 31
Number of employees
210
Capital
JPY 500million
Shareholders
Infosys, Hitachi, Panasonic and PASONA
Hitachi, Ltd.
Corporate name
Hitachi, Ltd.
Representative
President & CEO, Toshiaki Higashihara
Head Office
6-6 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan
Established
February 1, 1920
Outline of business
Development, manufacture and sales of products and provision of service across eight segments: Information & Telecommunication Systems, Social Infrastructure & Industrial Systems, Electronic Systems & Equipment, Construction Machinery, High Functional Materials & Components, Automotive Systems, Smart Life & Ecofriendly Systems, Other
End of accounting period
March 31
Sales
JPY 9,368.6 billion
Number of employees
307,275 (as of March 31, 2018)
Hitachi Procurement Service Co., Ltd.
Corporate name
Hitachi Procurement Service Co., Ltd.
Representative
President, Shinichiro Nagagata
Head Office
2-2-1 Otemachi, Chiyoda-ku, Tokyo, Japan
Established
June 4, 2002
Outline of business
Procurement solution services
(Commissioned procurement business, centralized purchasing of indirect materials through internet, export & import, procurement consulting, BPO services, and information tools for procurement)
End of accounting period
March 31
Number of employees
210 (as of March 31, 2018)
Infosys, Ltd.
Corporate name
Infosys Limited
Representative
CEO & MD, Salil Parekh
Head Office
Bengaluru, India
Established
1981
Outline of business
Next-generation digital services and consulting
End of accounting period
March 31
Sales
US$10.93 billion(March 31, 2018).
Number of employees
217,700+ employees
Panasonic Corporation
Corporate name
Panasonic Corporation
Representative
President, Kazuhiro Tsuga
Head Office
1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan
Established
D
Most recent headlines
06/10/2025
France T l visions, France's leading broadcaster, has received the 2025 EBU ...
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
31/08/2025
Legrand | AV, a global specialist and industry leader in audiovisual solutions, returns to CEDIA Expo 2025, taking place Sept. 4-6 in Denver, with a powerful li...
31/08/2025
Global media technology company Backlight will unveil new capabilities in its Iconik, Wildmoka, and Zype product lines at IBC2025 (booth #1.D09), September 12 1...
30/08/2025
WASHINGTON The Federal Communications Commission has adopted its FY 2025 Regulatory Fees Order that establishes the regulatory fee rates for the broadcast stati...
29/08/2025
Australian Red Cross and SBS launch training to help workplaces in the fight aga...
29/08/2025
The National Film and Video Foundation (NFVF), an agency of the Department of Sp...
29/08/2025
L3Harris Technologies has concentrated decades of expertise across the entire enterprise to develop affordable and reliable best-of-breed solutions to rapidly c...
29/08/2025
BURBANK, Calif. The CW Network and the Pac-12 Conference have announced a new media rights deal that will extend their broadcast partnership beginning with the ...
29/08/2025
NEW YORK Gracenote has released a new analysis of its global video dataset showing that the number of FAST channels grew nearly 14% from Q1 2025 and 76% since 2...
29/08/2025
SAN JOSE, Calif. Harmonic has announced a series of improvements to its live sports streaming solution that the company said will improve fan engagement, protec...
29/08/2025
NEW YORK and LOS ANGELES Fox Corp. and YouTube TV last night announced a renewal of the full portfolio of Fox networks, including Fox News Channel, Fox Business...
29/08/2025
Budapest, Hungary, August 2025 - The integration of Microsoft Teams Rooms (MTR) with Lightware's Taurus universal matrix switchers delivers a new level of f...
29/08/2025
Frequency, the engine behind many of the world's best-known streaming television channels, today announced it will launch Studio Live, a next-generation uni...
29/08/2025
In an era when AI and cyber resilience are essential, Scality will mark the 10th anniversary of Scality Day on October 16, 2025 in Paris. This flagship global e...
29/08/2025
Disguise's In-House Creative and Technical Teams Pre-Visualised, Programmed and Delivered Content for the Experience, All Powered by EX 3+
Technology solu...
29/08/2025
Disguise will be demonstrating the latest workflows for TV, film and live events on a number of partner booths at the show
Disguise, the industry-leading tech...
29/08/2025
STOCKHOLM, Sweden Accedo will showcase Accedo Compose, its AI agent-powered modular orchestration layer that assists streaming providers in transitioning client...
29/08/2025
LOS ANGELES Cineverse has announced that it is working with Xperi to bring four of its streaming channels to automobiles for the first time as part of the DTS A...
29/08/2025
DALLAS & ATLANTA Gray Media has announced an agreement with the sports streaming service Victory+ to simulcast 17 Dallas Stars NHL games in 15 television market...
29/08/2025
NEW YORK AND CULVER CITY Comcast NBCUniversal and Amazon have announced new and extended distribution agreements that will expand the content available on their...
29/08/2025
FOOTHILL RANCH, Calif. RED Digital Cinema will feature its Cine-Broadcast Module supporting live broadcast workflows during IBC2025, Sept. 12-15, at the RAI Ams...
29/08/2025
29 Aug 2025
Kyivstar Rings Opening Bell at Nasdaq Marking Landmark Listing and ...
29/08/2025
More than half of all NFL games live on Sky for the first timeFriday 29 August 2025
Sky Sports has announced a new three-year deal with the NFL, extending its ...
29/08/2025
Back to All News
RIV4LRIES: The Trailer of the New Series With Samuele Carrino ...
29/08/2025
Get ready for an inspiring and emotional insight into the world of competitive Irish dancing with My Story: Tomi Champion of the World airing on RT 2 this monda...
29/08/2025
RT has today announced that David McCullagh is to be the new presenter of RT Radio 1's flagship Today programme, which airs every weekday at 10am, replaci...
28/08/2025
By Kristin Feeley, Director, Documentary Film & Artist Programs
If you want to tell untold stories, if you want to give voice to the voiceless, you've got ...
28/08/2025
Directed by Steven Bognar and Julia Reichert, Sundance Institute-supported Amer...
28/08/2025
Corridos have been a cornerstone of M sica Mexicana for generations, telling stories rooted in everyday life. Now, a new chapter is taking shape: motivational c...
28/08/2025
Los corridos han sido un pilar de la M sica Mexicana durante generaciones, contando historias enraizadas en la vida cotidiana. Ahora, un nuevo cap tulo est tom...
28/08/2025
Earlier this month, we promised our Verano Forever party would bring the heat, a...
28/08/2025
L3Harris will provide the Polish F-16V fleet with the Viper Shield electronic warfare system as part of an upgrade program....
28/08/2025
Bilbao, August 26, 2025 - AgileTV, an international television and video technol...
28/08/2025
Ken Wilkinson is an Emmy Awards nominated New York audio engineer who specialises in production sound mixing for film, commercial, episodic and documentary work...
28/08/2025
NEW YORK FuboTV today announced that it will launch Fubo Sports, a skinny bundle that focuses on sports with a subscription price of $56 monthly....
28/08/2025
NEVADA City, Calif. At IBC2025, Sept. 12-15 at the RAI Amsterdam, Telestream will debut its new Global Ingest strategy, introducing a next-generation ingest arc...
28/08/2025
Dr. Rhoda Bernard Releases Groundbreaking Debut Book on Accessible Arts Educatio...
28/08/2025
TAG Video Systems, the leader in software-based IP end-to-end workflow monitoring, deep probing, and real-time visualization, has named Oliver Gappa as Sales Di...
28/08/2025
AI-based voice enhancement will be among a series of innovations making their IBC 2025 debut on the DHD stand B46 in Hall 8 at the RAI Amsterdam Convention Cent...
28/08/2025
Telef nica Servicios Audiovisuales (TSA), the leading system integrator and service provider in the media sector in Spain, with the support of Appear, the globa...
28/08/2025
To fully immerse sailing fans in the world's biggest offshore yacht race, production company, Optical Media turned to LiveU's On-site Production solutio...
28/08/2025
Working with Calrec on its most recent overhaul, radio and television broadcaster, WNED has migrated to a fully IP infrastructure with multiple Type R consoles,...
28/08/2025
Cleeng, the Subscriber Retention Management (SRM ) inventor, has unveiled Cleeng Pro, the first-ever direct-to-consumer (D2C) subscription management platform t...
28/08/2025
Zixi, the industry leader in live broadcast-quality video over IP, today announced that French media distribution platform OKAST has selected Zixi to enable rel...
28/08/2025
Solution offers a streamlined, speaker-free architecture to optimize integration with premium external loudspeakers and advanced loudness metering
Nixer Pro Au...
28/08/2025
Cinegy, the premier provider of software-defined television technology, has announced a strategic partnership with Vision One Touch Film Production Services L.L...
28/08/2025
Telestream, a global leader in media workflow technologies, will debut its new Global Ingest strategy at IBC2025, introducing a next-generation ingest architect...
28/08/2025
Tier 1 operator selects Broadpeak to power high-performance, unified CDN solution across Norway, Sweden and Finland
Broadpeak, a leader in streaming and moneti...
Tokyo, Dec 14, 2018 --- Hitachi, Ltd. (TSE:6501, Hitachi ), Infosys Ltd. (NYSE:INFY, Infosys ), Panasonic Corporation (TSE:6752, Panasonic ), and Pasona Group Inc. (TSE:2168 PASONA ), today announced that a contract was signed on Dec 14, 2018.
