2000 Press Releases
Glovia in the news
Fujitsu Announces 100% Ownership of Glovia International.
E-Commerce Initiative Provides Web-enabled ERP Vendor with Strategic Edge in B2B e-commerce Marketplace
Los Angeles - April 4, 2000 - Fujitsu Limited today announced the 100% acquisition of Glovia International, a California-based leading provider of business applications, e-commerce solutions, advanced technology and world-class services for the digital marketplace. In making Glovia International a wholly owned subsidiary, Fujitsu intends to aggressively promote the web-enabled Glovia Enterprise Resource Planning (ERP) package software solution on a global basis in support of its Internet-focused solutions business strategy.
Tatsuzumi Furukawa, Group President, Application Software Business Group and Network Service Business Group, and Member of the Board of Fujitsu Limited, stated: "Glovia's 100 percent Web-enabled software and Business-to-Business e-commerce initiatives will play a key role in helping us provide new and existing customers with technology and solutions to run their digital enterprises and boost their competitiveness in the global economy."
Glovia provides a critical competitive advantage to its customers through rapid deployment of high-impact, fully integrated business-to-business value chains over the global internet. The e-commerce initiative utilizes revolutionary technology and architecture, which supports JavaScript, HTML, and XML, to allow back-end systems and business applications to be web-enabled with optimum speed and flexibility creating a real-time, high-reliability, high-scalability business environment.
Matt O'Malley, President and CEO of Glovia International remarked, "With the B2B e-commerce market expected to exceed $1.3 trillion by 2003, our e-commerce strategy is to provide the leading edge B2B e-commerce solution to the market."
Glovia also announced the appointment of Robert J. Luth as Chief Financial Officer. Luth is a CPA and has held numerous senior financial and administration executive level positions with public and privately held companies in the high technology industry.
"With their impressive backgrounds, international experience, and demonstrated successes, both Rich and Bob will make very important additions to our executive team. " states O'Malley. "We now have the key players in place to propel Glovia forward as a leader in the global B2B e-commerce market."
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