A subsidiary of Japan-based conglomerateÂ Nippon Telegraph & TelephoneÂ (NYSE: NTT) has wrapped up its acquisition of Dellâs services business for $3.05 billionÂ in a strategy to expand the formerâs consulting and information technology services.
NTT Data CEO John McCain will oversee the newly acquired firm that will operate as NTT DataÂ Services on an interim basis, Â the company said Wednesday.
Systems integrator NTT Data agreed to purchase Dell Services in March in a move to expand into the U.S. and other newÂ geographic markets.
Suresh Vaswani, president of NTT Data Services, said he will continue to serve in his current role through the end of January âto ensure a smooth transition through its current fiscal year.â
Tim Conway, president of the public sector business at NTT Data, told our sister site ExecutiveBiz in AprilÂ that Dellâs business process outsourcing, cloud computing and technology infrastructure complement NTT Dataâs application innovation and advisory services.
âIt gives us the range to help ourÂ government clients in the race to digital conversion, navigating the cloud and addressing risk and compliance along the way, âÂ ConwayÂ said in that interview that also featured perspective from George Newstrom, head of the Dell Services Federal Government business.
NTT Dataâs federal servicesÂ business and Dell Servicesâ federal government arm share prime spots onÂ 13 contract vehicles for government IT products and services such asÂ theÂ 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 companyâs leadership team that includes Conway.
Wells Fargo Securities, J.P. Morgan Securities and Credit Suisse Securities (USA)Â acted as financial advisers to NTT DATA in the transactionÂ asÂ CitigroupÂ worked with Dell.