Hitachi, Ltd. (NYSE: HIT / TSE: 6501, "Hitachi") has acquired a majority ownership interest in M-Tech Information Technology, Inc. ("M-Tech"). The transaction adds M-Tech's identity management software and services to Hitachi's information security solutions portfolio.

Effective April 2, 2008, M-Tech's name has been changed to Hitachi ID Systems, Inc. ("Hitachi ID").

With stricter regulations requiring stronger internal controls and more effective privacy protection in corporations and government agencies alike, organizations are expanding their investment in information security.

M-Tech's identity management products, including its P-Synch password management software and ID-Synch user provisioning software, have been deployed by around 700 organizations worldwide.

Hitachi ID intends to build on M-Tech's leadership in the identity management marketplace, and grow M-Tech's business globally by leveraging Hitachi's brand and market channels and by developing new opportunities in collaboration with other Hitachi Group companies worldwide. These opportunities may include joint offerings and other initiatives with Hitachi's biometric, RFID, smart card and other security-related technologies.