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IT services provider NTT Data announced today it has acquired NETE, a Virginia-based digital design services firm.
The deal, which marks NTT Data’s 19th acquisition, is set to close for an undisclosed amount later this year. The company will bring on NETE’s 300 employees and will leverage NETE’s expertise in public healthcare to build out its services in that sector. NETE will maintain its branding but will now be known as NETE, an NTT Data Company.
“NETE clients and employees will benefit from access to the vast resources of a top 10 technology and business services provider, including global R&D, infrastructure and investments in digital transformation and innovation,” said Sandeep Somaiya, Managing Director of NETE. “The depth and breadth of NTT DATA’s commercial experience among healthcare providers, health plans and life sciences, as well as its strong reputation in the public sector, will open the door for additional opportunities for NETE customers.”
Somaiya will be a part of the NTT Data public sector leadership team.
A well-established player in the industry, NTT Data was founded in 1988 and has 120,000 employees. At FinovateFall earlier this year, the Japan-based company demoedMirror, a new service that leverages AI to help caregivers make financial, medical, and lifestyle decisions on behalf of their clients.
Consulting and software development firm NTT Dataannounced it is bolstering its presence in Canada this week with the pending acquisition of IT services and consulting firm Sierra Systems.
Terms of the deal were undisclosed but NTT Data anticipates the acquisition will offer the Tokyo-based company a “significant” presence in Canada. Sierra Systems, which was founded in 1966, also comes with brand reputation and client relationships in addition to new talent in areas such as Microsoft Dynamics, Oracle, and ServiceNow.
“Sierra Systems’ reputation as a trusted advisor in Canada is evidenced by the strength of their client relationships, many of which have spanned decades,” said Bob Pryor, CEO of NTT DATA Services. “With the addition of Sierra Systems’ talented team, we’ll expand our ability to deliver innovation and business outcomes to clients in Canada and extend our North American delivery capabilities. Growth prospects are very strong in Canada, so this is an attractive market as we continue to grow globally.”
Sierra Systems’ 700 Canada-based employees will join the NTT Data team. The transaction is expected to close later this year.
Founded in 1988, NTT Data went public in 1995. The company has 110,000+ employees across Japan, the Americas, EMEA, APAC, and China. Earlier this year, the company acquired DevOps firms MagenTys to complement its existing digital transformation capabilities. At FinovateSpring earlier this year, NTT Data demoedTready, a social community investment platform.
Tokyo-based consulting and software development firm NTT Dataappointed a new CEO this week. The company selected Bob Pryor to take the place of John McCain.
McCain served as CEO since 2010 and was named the company’s new Executive Chairman in April. He will serve on the Board of Directors for NTT Data Corporation.
Pryor, who has been with the company since 2016, steps into the role of CEO after serving most recently as COO. Regarding Pryor’s performance, McCain said, “As COO, Bob played an essential role in setting this strong foundation, including the successful integration of the former Dell Services, and he will do a great job as CEO leading this company and our clients into the future.”
In his new position, Pryor will oversee business operations and is tasked with driving growth. He will also serve on the NTT DATA Services Board of Directors. “We will continue to operate with a client-first approach to advance our clients’ digital agendas, while focusing on operating efficiently and delivering the solutions that drive sustained growth,” Pryor said in the press release.
Founded in 1988, NTT Data has 110,000+ employees across Japan, the Americas, EMEA, APAC, and China. Earlier this month, the company acquired DevOps firms MagenTys to complement its existing digital transformation capabilities. At FinovateSpring earlier this year, NTT Data demoedTready, a social community investment platform.