Fujitsu announces £276m investment in innovation

Announcement comes on opening day of the Fujitsu Forum 2014 in Munich

Fujitsu today announced a €345m (£276m) investment in its Global Delivery Capability organisation over the next three years as it aims to bring new ICT services and solutions to the global market.

The announcement came during the press day at this year's Fujitsu Forum in Munich, which kicked off today.

The initiative will focus on creating value-added ICT services and innovative solutions, according to the Japanese behemoth.

Hidenori Furuta, executive vice president for global delivery at Fujitsu, said: "By making a substantial investment in developing both our Global Delivery capability and innovative new services, we are focusing on positioning Fujitsu as the number one choice for organisations that are looking to transform their businesses.

"Our approach is services-focused, centred on the foundations of quality, collaboration, and a dedication to understanding and serving our customers' needs. Fujitsu's aim is to help customers not just to adapt but to thrive as they enter the new era of digital transformation," he said.

Last year, Fujitsu announced it was cutting 5,000 jobs as it posted disappointing European financial results.

Duncan Tait, head of EMEA and senior vice president at Fujitsu, said: "We have faced up to issues as a company, and now is the time to see Fujitsu break out in terms of growth."

The PalmSecure ID Match, which determines an individual's identity using Fujitsu's PalmSecure technology, was also unveiled today at Fujitsu Forum.