A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has wrapped up its acquisition of Dell’s services business for $3.05 billion in a strategy to expand the former’s consulting and information technology services.
Systems integrator NTT Data agreed to purchase Dell Services in March in a move to expand into the U.S. and other new geographic markets.
Suresh Vaswani, president of NTT Data Services, said he will continue to serve in his current role through the end of January “to ensure a smooth transition through its current fiscal year.”
Tim Conway, president of the public sector business at NTT Data, told our sister site ExecutiveBiz in April that Dell’s business process outsourcing, cloud computing and technology infrastructure complement NTT Data’s application innovation and advisory services.
“It gives us the range to help our government clients in the race to digital conversion, navigating the cloud and addressing risk and compliance along the way, ” Conway said in that interview that also featured perspective from George Newstrom, head of the Dell Services Federal Government business.
NTT Data’s federal services business and Dell Services’ federal government arm share prime spots on 13 contract vehicles for government IT products and services such as the General Services Administration‘s IT Schedule 70 and Alliant and the Department of Homeland Security‘s EAGLE II.
McCain also introduced the members of the combined company’s leadership team that includes Conway.
Wells Fargo Securities, J.P. Morgan Securities and Credit Suisse Securities (USA) acted as financial advisers to NTT DATA in the transaction as Citigroup worked with Dell.