Fujitsu Accelerates North American Growth with Acquisition of BORN

Customers to Benefit from Combined Expertise and Broad Solution Offering

Edison, N.J. and Minneapolis, Minn.
May 2, 2005

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.”

Stated Elmer Baldwin, CEO of BORN, “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.”*

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.
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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.
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About BORN

BORN 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.
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Press Contacts

Ron Mitchell
VP, Marketing Communications
Fujitsu Consulting
Tel: 1 416 594 4759

Marne Oberg
Tel: 1 952 258 7684

Dave Erskine
Tangency PR for Fujitsu Consulting
Tel: 1 416 977 9564

Matt Kucharski
Padilla Speer Beardsley for BORN
Tel: 1 612 455 1731