Hitachi Digital Services wins Envista IT contract

DALLAS - Hitachi Digital Services, a subsidiary of Hitachi, Ltd. (TSE: 6501), a global technology giant with a market capitalization of $120.9 billion and an overall "GOOD" financial health rating according to InvestingPro, has been selected by Envista Holdings Corporation (NYSE: NVST) to provide a range of IT managed services as part of a five-year agreement. This partnership aims to enhance Envista’s digital transformation and operational efficiency across its global operations in over 60 countries. The collaboration leverages Hitachi’s robust operational capabilities, evidenced by its $65.2 billion in revenue and strong Altman Z-Score of 6.75, indicating excellent financial stability.

Envista, a leading provider of dental care, underwent a competitive tendering process before choosing Hitachi Digital Services as its strategic IT partner. The services provided under the agreement include 24/7 global IT support, application support, network infrastructure management, analytics and business intelligence, and cybersecurity. These services will be delivered from Hitachi’s global delivery centers located in India, Mexico, Portugal, the U.S., and Vietnam.

Andrew Chen, Chief Information Officer at Envista, emphasized the importance of a reliable IT partner for the company’s global scaling and innovation efforts. He noted that Hitachi’s approach to business aligns with Envista’s commitment to continuous improvement through the Envista Business System (EBS), which guides the company’s innovation and growth strategies.

Roger Lvin, Chief Executive Officer at Hitachi Digital Services, highlighted the partnership as a significant milestone for the company, particularly in strengthening its position in the healthcare sector. He expressed enthusiasm for bringing Hitachi’s expertise to support Envista’s operations, with a focus on building a smarter, faster, and more connected future in healthcare technology.

The collaboration is expected to yield annual improvements in operational efficiency for Envista, leveraging best practices and AI-enabled automation to allow Envista’s internal teams to concentrate on strategic initiatives. With Hitachi’s impressive EBITDA of $9.4 billion, the company demonstrates strong operational execution capabilities. Get deeper insights into both companies’ financial metrics and exclusive ProTips with InvestingPro.

This partnership announcement is based on a press release statement and provides a glimpse into the ongoing collaboration between Hitachi Digital Services and Envista in the realm of IT and digital services within the healthcare industry.

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