Keane and Japanese IT firm NTT DATA have struck a merger agreement under which Knight Subsidiary Corporation, a wholly owned subsidiary of NTT DATA, will merge with Keane International, resulting in Keane becoming a wholly owned subsidiary of NTT DATA.
The deal is subject to various approvals. Terms of the deal were not disclosed.
“The synergies between Keane and NTT DATA significantly enhance the value proposition for our organization as a whole, ” said Keane Public Sector EVP Tim Conway. “Specifically for our Public Sector business, we will continue to operate as a wholly owned subsidiary as we do today, but we do plan to look for opportunities to leverage the capabilities and solutions of both our new parent and group companies for the benefit of our customers.”
Keane International is majority owned by Citigroup Venture Capital International Technology Holdings LCC (“CVCI”).