Japan’s major NTT Data has acquired Dell Services, the IT services arm of PC maker Dell. According to various media reports the deal is valued at over $3 billion. The transaction is subject to customary closing conditions and regulatory approvals.
The latest development from Dell comes as part of its strategy to reduce its debt arisen due to the acquisition of data storage provider for $67 billion. In October last year Dell had agreed to buy global storage major EMC in the largest M&A deal in tech space.
NTT DATA Corporation:
Nippon Telegraph and Telephone Public Corporation, a predecessor of NTT, started Data Communications business in 1967. NTT, following its privatization in 1985, spun off the Data Communications division as NTT DATA in 1988, which has now become the largest of the IT Services companies headquartered in Japan.
NTT DATA is a publicly traded company, but is about 54% owned by NTT. Its business areas are in national and local governments, financial, and telecommunication sectors. According to reports in 2012, Forbes Global 2000 recognizes NTT DATA as the 5th largest IT Services company.
- Dell Inc. is an American privately owned multinational computer technology company based in Round Rock, Texas, United States, that develops, sells, repairs, and supports computers and related products and services. Eponymously named after its founder, Michael Dell, the company is one of the largest technological corporations in the world, employing more than 103,300 people worldwide.
- NTT Data CEO – John McCain
So lets do:
- Japan’s major NTT Data has acquired which multinational computer technology company?
- Who is the CEO of NTT Data
Source – The Hindu