Home / M&A Activity / NTT Data Completes $3.05B Purchase of Dell Services

NTT Data Completes $3.05B Purchase of Dell Services

cloudITA 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.

NTT Data CEO John McCain will oversee the newly acquired firm that will operate as NTT Data Services on an interim basis,  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 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.

Check Also

Tricia Fitzmaurice Takes Nat’l Security Program Director Role at Red Hat

Red Hat has promoted Tricia Fitzmaurice, who has more than two decades of government and commercial technology sales experience, as director of national security programs for the federal law enforcement and justice sector, Homeland Security Today reported Tuesday.

Johns Hopkins APL Books Potential $2B Follow-On IDIQ for NASA Aerospace R&D, Engineering Services

Johns Hopkins University Applied Physics Laboratory has received a potential 10-year, $2B contract to help NASA  develop technology concepts and analyze data for robotic space missions. The Aerospace, Research, Development and Engineering Support Services II contract has a minimum ordering value of $50M and a maximum ordering value $1B over the five-year base period. ARDES II would reach its potential value if the five-year option period is exercised.