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Fujitsu to Acquire GLOVIA International LLC to Promote Web-Enabled ERP Software

Strategic Insights

— 2 min read

Fujitsu Limited, a leading provider of comprehensive information technology and network solutions, has announced its intention to acquire 100% ownership of GLOVIA International LLC, a California-based leading provider of business applications, e-commerce solutions, and advanced technology. This move is part of Fujitsu's Internet-focused solutions business strategy, which aims to provide a wide range of solutions to customers around the world. The acquisition is expected to be completed by April 2000, subject to standard transaction closing conditions.

The GLOVIA/Fujitsu relationship dates back to 1992, when Fujitsu became a key distributor of the GLOVIA ERP package in the Asia-Pacific region. Over the years, the partnership has evolved, with Fujitsu becoming a strategic customer, co-development partner, and eventually part-owner of GLOVIA in 1997. The proposed transaction includes a perpetual license and rights to all source code for the Pro IV technologies underlying the GLOVIA products.

With its 'Everything on the Internet' business strategy gaining momentum, Fujitsu plans to leverage GLOVIA's 100% Web-enabled software and e-commerce initiatives to provide new and existing customers with technology and solutions to run their digital enterprises and boost their competitiveness in the global economy.

Key Takeaways:

  • Fujitsu intends to acquire 100% ownership of GLOVIA International LLC, in which it currently holds a 30.5% interest.
  • The acquisition is expected to be completed by April 2000, subject to standard transaction closing conditions.
  • Fujitsu will gain a perpetual license and rights to all source code for the Pro IV technologies underlying the GLOVIA products.
  • The GLOVIA/Fujitsu relationship dates back to 1992, with Fujitsu becoming a key distributor of the GLOVIA ERP package in the Asia-Pacific region.
  • GLOVIA offers business applications, e-commerce solutions, advanced technology, and world-class services to support the global digital economy.
  • GLOVIA has delivered innovative, rapidly deployed, and successful solutions to more than 850 customer sites around the world.
  • The Fujitsu Group had consolidated revenues of 5.24 trillion yen ($43.3 billion) in the fiscal year ended March 31, 1999.
  • Fujitsu has operations in more than 100 countries and employs over 55,000 systems and services experts worldwide.

Statistics:

  • 100%: The percentage of ownership Fujitsu intends to acquire in GLOVIA International LLC.
  • $43.3 billion: Fujitsu's consolidated revenues in the fiscal year ended March 31, 1999.
  • 5.24 trillion yen: Fujitsu's consolidated revenues in the fiscal year ended March 31, 1999.
  • 30.5%: The percentage of ownership Fujitsu currently holds in GLOVIA International LLC.
  • 69.5%: The percentage of ownership in GLOVIA International now held by U.K.-based MDIS.
  • 850: The number of customer sites around the world where GLOVIA has delivered innovative solutions.
  • 1992: The year Fujitsu became a key distributor of the GLOVIA ERP package in the Asia-Pacific region.
  • 1997: The year Fujitsu became a part-owner of GLOVIA.
  • 100+: The number of countries where Fujitsu has operations.
  • 55,000: The number of systems and services experts employed by Fujitsu worldwide.

Sources:

  • "Fujitsu Announces Intent to Acquire 100% Ownership of GLOVIA International LLC" (Exact date not specified)
  • Fujitsu Limited (TSE:6702)
  • GLOVIA International LLC
  • Fujitsu Group
  • "Fujitsu Announces Intent to Acquire 100% Ownership of GLOVIA International LLC" (Exact date not specified)

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