DXC Technology-backed Longreach Group to acquire a 54% stake in Japan Systems for $136m.

DXC Technology-backed Longreach Group, a private equity firm, agreed to acquire a 54% stake in Japan Systems, a developer of application software for governments, financial, distribution, and manufacturing companies, for $136m. “This strategic decision serves the best interests of Japan Systems’ employees, customers and partners as well as DXC. Longreach’s strong experience and success in nurturing and investing in acquired businesses in Japan will help write the next chapter of growth for an independent Japan Systems and its people, whose focus is on onshore delivery of its specialized services to Japan-based customers such as local government and domestic system integrators," Nozomu Nishikawa, DXC Japan General Manager and Representative Director.