Hitachi Consulting Acquires Leading Microsoft Dynamics Partner Firm, Iteration2

DALLAS - Hitachi Consulting, the global consulting company of Hitachi, Ltd. (NYSE: HIT), announced today that it has acquired Iteration2, the back-to-back Microsoft Business Solutions US Partner of the Year. Iteration2 is headquartered in Southern California and is recognized as one of the fastest growing and most successful Microsoft Dynamics Partners. Microsoft Dynamics is Microsoft’s software solution for the key business processes of Financial Management, Supply Chain Management, and Customer Relationship Management. Iteration 2 is a highly regarded Microsoft national implementation partner, with numerous awards and recognition from Microsoft, including: Microsoft Business Solutions Partner of the Year 2005 and 2006, Microsoft Inner Circle 2005 and 2006, and Microsoft Presidents Club 2005 and 2006.

“Microsoft is an important strategic partner to Hitachi Consulting and Microsoft Dynamics has realized significant growth in Enterprise Applications that exceeds the overall industry growth rate”, said Michael Travis, president and CEO of Hitachi Consulting. “Joining forces with Iteration2 deepens our strategic relationship with Microsoft while greatly expanding our ability to serve our clients. We share with Iteration2 a strong focus on quality client service and believe this acquisition is a great complement to our solutions portfolio.”

Hitachi Consulting is a Microsoft Gold Certified Partner, like Iteration2, and was named as the Microsoft Business Intelligence/Data Management Partner of the Year in 2006 and serves on the Microsoft Business Intelligence Partner and Office Developer Advisory Councils.

“Hitachi Consulting is a great match for Iteration2 and we are all very excited about joining our two companies together”, said Mike Gillis, president and co-founder of Iteration 2. “Hitachi Consulting brings extensive industry knowledge and experience as well as strong business process, change management and technology skills to the table. By teaming with Hitachi Consulting, we can grow faster, and our clients will benefit by access to an organization with an expanded portfolio of service capabilities.”