Fujitsu Consulting and ProSight seal strategic partnership to deliver complete Portfolio Management solution

12/12/2002 - Fujitsu Consulting, a trusted global provider of management and technology consulting services, announced a major strategic partnership with ProSightTM, the experts in portfolio management software. The global agreement, which extends an existing alliance, creates the most expansive portfolio management offering in the marketplace through the seamless combination of leading software and services.

Fujitsu Consulting will leverage its collaboration with ProSight in its industry-leading Enterprise Value Management practice, which delivers a suite of services that enable C-level executives to maximize value creation in their enterprise. Under the agreement, Fujitsu Consulting will become ProSight's preferred implementer offering ProSight the global reach and extensive network of trained consultants in 70 offices worldwide. Fujitsu Consulting will also purchase co-branded software licenses to complete its existing services offering.

"Businesses today face the daunting task of removing additional layers of cost from their organizations without sacrificing their ability to compete effectively," said Christopher Williams, Senior Vice President and Chief Marketing Officer, Fujitsu Consulting. "Fujitsu Consulting and ProSight enable clients to take the central step in this process: understanding the value of their existing as well as proposed IT investments. Our partnership will result in a complete solution that reduces risk and accelerates the time to value for clients moving beyond initial cost-cutting efforts."

"We are very pleased to partner with Fujitsu Consulting because of their long track record in helping clients achieve value from their IT investments. Collaborating with a leading global consulting firm like Fujitsu Consulting extends ProSight's reach globally, and allows us to deliver a complete Portfolio Management solution to a growing market," said John Cimral, CEO of ProSight. "Portfolio management is changing the way companies look at their business goals and strategies and helping them reach those goals using a more streamlined approach."

Portfolio Management is an integrated set of business processes for systematically selecting, aligning and managing investments to achieve measurable business results. Clients will benefit from the partnership in other key ways, including:

"Portfolio Management is a very effective tool for executives to get a handle on what value they are deriving from their IT projects and to help them align their technology investments with their business strategy," said Douglas Lynn, Vice President, META Group. "To accelerate the value of portfolio management, high performing businesses will leverage portfolio and value management methods from consulting organizations like Fujitsu Consulting implemented with portfolio analysis tools from software developers like ProSight."

About Fujitsu Consulting
Fujitsu Consulting is a trusted global provider of management and technology consulting services with more than 8,000 employees in 70 offices worldwide. Fujitsu Consulting works with companies to improve their business performance through the delivery of technology-enabled solutions, including Value and Portfolio Management, Application Outsourcing, IT Effectiveness, Content Management and Business Intelligence & Analytics. Fujitsu Consulting is a subsidiary of the $38 billion Fujitsu group.

About ProSight Inc.
ProSight, the experts in portfolio management, combines software with services and knowledge resources to equip companies with effective oversight of investments, resources and performance, enhancing business results and strategic collaboration— enterprisewide. ProSight is headquartered in Portland, Ore.

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